JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0271%/8h= +29.7% APRnext payment +$0.34 per $10,000 · paid last 24h +0.056%

Price spread now: Phoenix against Deribit−0.206%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.286%+$29 on $10k

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

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.206% cheaper against Deribit than usual: you would sell low and buy high (spread −0.206% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$21 on $10k: about 2.5 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit JUP_USDC-PERPETUAL	0.2961	0	get 0.0000% / 1h	54m 35s	$54K	$16K	10x
Short	Phoenix JUP	0.2955	0.0271	get 0.0034% / 1h	54m 35s	$97K	$283K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Deribit. 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 DeribitbpFee PhoenixbpOrdersPrice spread, now −0.206%Rate

Funding earned: $56.87
Price spread: −0.206% → 0.000%: −$20.6
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $22.27
Costs to cover: 0.140%
Break-even: 4.3 days

Slippage unknown: Deribit: no order-book sample; Phoenix: live order book, 62 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 Deribit no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 62 min ago	2.53 bp	14.4 bp −$14	29.6 bp −$296	doesn't fit	doesn't fit

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	−0.5000%	1h	0.2921	−1.364%	$3K	$206K	5.5x	as long as short
Backpack JUP_USDC_PERP	−0.0304%	1h	0.2963	+0.051%	$979K	$233K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2961	−0.008%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2960	−0.034%	$282K	$146K	10x	as long as short
Bybit JUPUSDT	−0.0094%	4h	0.2959	−0.081%	$15.9M	$17.9M	50x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2959	−0.065%	$39K	$22K	5x	as long as short
Deribit JUP_USDC-PERPETUALlong	0.0000%	1h	0.2961	long leg	$54K	$16K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2961	−0.022%	—	—	150x	as long as short
01 Exchange JUPUSD	+0.0040%	1h	0.2960	−0.051%	$26K	$17K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2960	−0.064%	—	—	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	+0.081%	$783K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2962	+0.018%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2959	−0.064%	$602K	$485K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2960	−0.047%	$18.6M	$9.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2960	−0.034%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2961	−0.014%	$16.3M	$40.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2961	−0.014%	$4.0M	$11.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2960	−0.035%	$62K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2961	−0.014%	$735K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2961	−0.014%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2962	+0.020%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2961	−0.014%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	−0.047%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2947	−0.487%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	−0.343%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2948	−0.452%	$156K	$251K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2962	+0.027%	$94K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	−0.014%	$31K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2953	−0.284%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2963	+0.054%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2962	+0.005%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2962	+0.028%	$594K	$468K	20x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2961	−0.025%	$2.2M	$494K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2970	+0.294%	$75K	$50K	50x	as long as short
Phoenix JUPshort	+0.0271%	1h	0.2955	−0.206%	$97K	$283K	10x
BloFin JUP-USDT	+0.0340%	4h	0.2961	−0.014%	$838K	$376K	50x	as long as short