JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0062%/8h= −6.8% APRnext payment −$0.08 per $10,000 · paid last 24h −0.063%

Price spread now: Phoenix against Extended+0.145%88s7-day average +0.202% · you sell dearer than you buy

Net, funding: paid 7d − costs−$123as in the Funding arb table

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

costs, in and out, $10k−$530.532% of the position

Long on Extended Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.699%−$70 on $10k

Price spread, last 3 days (all we have)+0.391%+$39 · spread now +0.145%, 7d avg +0.202%

Together, before fees−0.308%+ Points / potential airdropExtended: Active · farm board−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Phoenix is 0.056% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.202%). Swap the legs. The two prices were read 88 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	Extended JUP-USD	0.2979	0.0224	pay 0.0028% / 1h	50m 03s	$2.2M	$506K	25x
Short	Phoenix JUP	0.2984	0.0162	get 0.0020% / 1h	50m 03s	$97K	$479K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Extended. 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 ExtendedbpFee PhoenixbpOrdersPrice spread, now +0.145%Rate

Funding earned: −$13.1
Price spread: +0.145% → +0.202%: −$5.61
Slippage, 4 orders: −$41.23
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$71.94
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from Extended: live order book, 4 min ago; Phoenix: live order book, 27 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 Extended live order book, 4 min ago	6.71 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 27 min ago	2.53 bp	14.4 bp −$14	29.6 bp −$296	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	−0.4371%	1h	0.2944	−1.180%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2980	+0.022%	$15K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2980	+0.038%	$602K	$621K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2982	+0.106%	$284K	$169K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0018%	1h	0.2979	+0.008%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2980	+0.043%	$17K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2976	−0.094%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0063%	4h	0.2979	−0.009%	$16.3M	$23.0M	50x	as long as short
Gate JUP_USDT	+0.0066%	4h	0.2980	+0.028%	$749K	$1.8M	75x	as long as short
BloFin JUP-USDT	+0.0075%	4h	0.2982	+0.095%	$847K	$330K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0080%	1h	0.2983	+0.125%	$26K	$19K	5x	as long as short
Paradex JUP-USD-PERP	+0.0082%	8h	0.2982	+0.090%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2983	+0.135%	$800K	$1.3M	10x	as long as short
dYdX JUP-USD	+0.0098%	1h	0.2981	+0.077%	$39K	$34K	5x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2979	−0.014%	$615K	$664K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2983	+0.116%	$109K	$363K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2981	+0.061%	$16.4M	$53.9M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2980	+0.028%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2983	+0.116%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2981	+0.061%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2984	+0.162%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2981	+0.061%	$5.7M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2980	+0.028%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2982	+0.105%	$987K	$246K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2978	−0.035%	$718K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2977	−0.075%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2979	−0.006%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2986	+0.219%	$94K	$129K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2980	+0.028%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2971	−0.274%	$112K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2986	+0.229%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2978	−0.056%	$41K	—	3x	as long as short
Phoenix JUPshort	+0.0162%	1h	0.2984	+0.145%	$97K	$479K	10x
Hyperliquid JUP	+0.0170%	1h	0.2988	+0.283%	$19.2M	$13.2M	10x	as long as short
Extended JUP-USDlong	+0.0224%	1h	0.2979	long leg	$2.2M	$506K	25x
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2987	+0.256%	$74K	$95K	50x	as long as short