JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.5240%/8h= −573.8% APRnext payment −$6.55 per $10,000 · paid last 24h −0.831%

Price spread now: Injective against Coinbase International−1.653%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−2.778%−$278 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$157 a day on $10k at the current rate, and Injective is 1.653% cheaper against Coinbase International than usual: you would sell low and buy high (−$165 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -2.778% in total (about -144.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$6.55 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JUP-PERP-INTX	0.2970	0.0240	pay 0.0030% / 1h	54m 25s	$75K	$50K	50x
Short	Injective JUP/USDC PERP	0.2921	−0.5000	pay 0.0625% / 1h	54m 25s	$3K	$206K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Coinbase InternationalbpFee InjectivebpOrdersPrice spread, now −1.653%Rate

Funding earned: −$1,100.4
Price spread: −1.653% → 0.000%: −$165.31
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,275.73
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Injective: live order book, 64 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Injective live order book, 64 min ago	101.69 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Coinbase International: 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 PERPshort	−0.5000%	1h	0.2921	−1.653%	$3K	$206K	5.5x
Backpack JUP_USDC_PERP	−0.0304%	1h	0.2963	−0.242%	$979K	$233K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2961	−0.301%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2960	−0.327%	$282K	$146K	10x	as long as short
Bybit JUPUSDT	−0.0094%	4h	0.2956	−0.481%	$15.9M	$17.9M	50x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2959	−0.358%	$39K	$22K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2961	−0.293%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2961	−0.314%	—	—	150x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2963	−0.236%	$26K	$17K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2957	−0.440%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2964	−0.212%	$783K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2962	−0.275%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2957	−0.441%	$602K	$486K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2960	−0.330%	$18.6M	$9.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2960	−0.326%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2960	−0.346%	$16.3M	$40.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2957	−0.441%	$4.0M	$11.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2960	−0.328%	$62K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2961	−0.306%	$735K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	−0.374%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	−0.306%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2960	−0.340%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	−0.340%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2947	−0.778%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	−0.635%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2948	−0.744%	$156K	$251K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2962	−0.269%	$94K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	−0.306%	$31K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2953	−0.576%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2963	−0.239%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2962	−0.288%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2962	−0.265%	$594K	$468K	20x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2961	−0.317%	$2.2M	$494K	25x	as long as short
Coinbase International JUP-PERP-INTXlong	+0.0240%	1h	0.2970	long leg	$75K	$50K	50x
Phoenix JUP	+0.0271%	1h	0.2955	−0.498%	$97K	$283K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2961	−0.306%	$838K	$376K	50x	as long as short