JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0155%/8h= −17.0% APRnext payment −$0.19 per $10,000 · paid last 24h −0.031%

Price spread now: Deribit against Backpack+0.041%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.287%−$29 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.041% dearer against Backpack than usual: you sell high and buy low (spread +0.041% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 21 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack JUP_USDC_PERP	0.2950	0.0100	pay 0.0013% / 1h	38m 14s	$976K	$260K	10x
Short	Deribit JUP_USDC-PERPETUAL	0.2951	−0.0055	pay 0.0007% / 1h	38m 14s	$56K	$14K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Backpack. 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 BackpackbpFee DeribitbpOrdersPrice spread, now +0.041%Rate

Funding earned: −$32.53
Price spread: +0.041% → 0.000%: $4.07
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$45.46
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 46 min ago; Deribit: no order-book sample. Net counts fees only.

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 Backpack live order book, 46 min ago	0.17 bp	10.5 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3508%	1h	0.2918	−1.078%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0540% / S +0.0374%	1h	0.2952	+0.071%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2950	+0.014%	$281K	$172K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2950	+0.016%	$598K	$619K	20x	as long as short
01 Exchange JUPUSD	−0.0088%	1h	0.2951	+0.037%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUALshort	−0.0055%	1h	0.2951	+0.041%	$56K	$14K	10x
Gate JUP_USDT	−0.0010%	4h	0.2948	−0.061%	$734K	$1.9M	75x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2951	+0.056%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0049%	4h	0.2947	−0.102%	$16.1M	$23.8M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2948	−0.047%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0066%	8h	0.2950	−0.002%	$9K	$15K	10x	as long as short
dYdX JUP-USD	+0.0068%	1h	0.2953	+0.096%	$39K	$35K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2951	+0.054%	$791K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2950	+0.015%	$612K	$673K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2955	+0.170%	$18.9M	$13.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2953	+0.102%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2948	−0.048%	$16.3M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2947	−0.095%	$4.0M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2950	+0.007%	$7.9M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2953	+0.108%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2950	+0.007%	$5.7M	$8.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2949	−0.027%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERPlong	+0.0100%	1h	0.2950	long leg	$976K	$260K	10x
Variational Omni JUP	+0.0100%	4h	0.2955	+0.182%	$714K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2957	+0.243%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2959	+0.312%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2955	+0.163%	$93K	$136K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2951	+0.041%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2943	−0.231%	$110K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2956	+0.210%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.244%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2948	−0.045%	$2.2M	$541K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2947	−0.097%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0160%	4h	0.2954	+0.142%	$848K	$328K	50x	as long as short
Phoenix JUP	+0.0190%	1h	0.2960	+0.342%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.346%	$74K	$94K	50x	as long as short