JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.019%

Price spread now: Nado against Phoenix−0.453%57s7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.458% of the position

Long on Phoenix Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.058%−$6 on $10k

Price spread, last 3 days (all we have)+0.149%+$15 · spread now −0.453%, 7d avg −0.136%

Together, before fees+0.091%+ Points / potential airdropNado: Active · farm board+$9 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.316% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.453% now, against its 7-day average of −0.136%). If the spread goes back, that is −$32 on $10k: about 11 days of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.058%, so the current rate has only just turned in your favour. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix JUP	0.2983	0	get 0.0000% / 1h	57m 54s	$95K	$395K	10x
Short	Nado JUP-PERP	0.2969	0.0100	get 0.0013% / 1h	57m 54s	$598K	$675K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee NadobpOrdersPrice spread, now −0.453%Rate

Funding earned: $21
Price spread: −0.453% → −0.136%: −$31.62
Slippage, 4 orders: −$31.85
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$56.47
Costs to cover: 0.458%
Break-even: 25.8 days

Slippage from Phoenix: live order book, 29 min ago; Nado: live order book, 30 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phoenix live order book, 29 min ago	2.51 bp	14.3 bp −$14	28.9 bp −$289	doesn't fit	doesn't fit
Sell Nado live order book, 30 min ago	2.51 bp	8.5 bp −$8	40.1 bp −$401	doesn't fit	doesn't fit

JUP on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective JUP/USDC PERP	−0.5000%	1h	0.3011	+0.956%	$3K	$110K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0692% / S +0.0241%	1h	0.2972	−0.367%	$13K	—	100x	as long as short
Backpack JUP_USDC_PERP	−0.0433%	1h	0.2968	−0.483%	$984K	$274K	10x	as long as short
Bybit JUPUSDT	−0.0349%	4h	0.2966	−0.553%	$16.3M	$24.2M	50x	as long as short
01 Exchange JUPUSD	−0.0208%	1h	0.2970	−0.402%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0187%	1h	0.2970	−0.406%	$57K	$13K	10x	as long as short
Gate JUP_USDT	−0.0004%	4h	0.2966	−0.553%	$740K	$1.9M	75x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2975	−0.251%	$39K	$38K	5x	as long as short
Phoenix JUPlong	0.0000%	1h	0.2983	long leg	$95K	$395K	10x
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2972	−0.345%	$17K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2971	−0.400%	$602K	$624K	20x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2969	−0.468%	—	—	20x	as long as short
BloFin JUP-USDT	+0.0079%	4h	0.2974	−0.285%	$869K	$332K	50x	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2972	−0.355%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2971	−0.379%	$914K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2971	−0.386%	$31K	$51K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2973	−0.329%	$19.1M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2970	−0.419%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2972	−0.336%	$283K	$184K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2969	−0.453%	$16.5M	$56.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2967	−0.520%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2967	−0.520%	$8.0M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2970	−0.419%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2965	−0.587%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2967	−0.520%	—	$21.5M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2979	−0.133%	$728K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2980	−0.084%	$1.6M	$4.3M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2980	−0.084%	$158K	$320K	50x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2969	−0.453%	$598K	$675K	10x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2976	−0.215%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2965	−0.587%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2974	−0.285%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2978	−0.154%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2968	−0.481%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2966	−0.556%	$2.2M	$543K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.174%	$74K	$95K	50x	as long as short