JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0271%/8h= +29.7% APRnext payment +$0.34 per $10,000 · paid last 24h +0.045%

Price spread now: Phoenix against gTrade (Gains Network)−0.786%297s7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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 0.786% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.786% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$79 on $10k: about 9.6 days of funding at the current rate (+$8 a day). The two prices were read 297 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	gTrade (Gains Network) JUP/USD	0.3023	L +0.0001% / S 0.0000%	pay 0.0000% / 1h	54m 57s	$18K	—	150x
Short	Phoenix JUP	0.2999	0.0272	get 0.0034% / 1h	54m 57s	$104K	$265K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PhoenixbpOrdersPrice spread, now −0.786%Rate

Funding earned: $56.99
Price spread: −0.786% → 0.000%: −$78.56
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$38.57
Costs to cover: 0.170%
Break-even: 11.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Phoenix: live order book, 36 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 36 min ago	2.56 bp	14.2 bp −$14	29.7 bp −$297	doesn't fit	doesn't fit

gTrade (Gains Network): 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	−0.3614%	1h	0.3025	+0.061%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2977	−1.525%	$16K	—	100x	as long as short
ApeX Omni JUPUSDT	−0.0330%	1h	0.3001	−0.733%	$165K	$250K	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0119%	1h	0.2977	−1.533%	$53K	$8K	10x	as long as short
Pacifica JUP	−0.0028%	1h	0.2979	−1.472%	$284K	$131K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2978	−1.481%	$39K	$16K	5x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0001% / S 0.0000%	1h	0.3023	long leg	$18K	—	150x
01 Exchange JUPUSD	+0.0056%	1h	0.2975	−1.586%	$26K	$2K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2975	−1.589%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0095%	8h	0.2974	−1.622%	$9K	$11K	10x	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	0.2978	−1.500%	$764K	$1.0M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2974	−1.609%	$578K	$484K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2979	−1.464%	$18.4M	$8.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2977	−1.536%	$103K	$293K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2972	−1.679%	$16.5M	$38.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2971	−1.718%	$16.1M	$16.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2972	−1.692%	$4.1M	$10.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3002	−0.713%	$62K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2975	−1.593%	$708K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2974	−1.626%	$7.9M	$5.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2977	−1.527%	$4.1M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2975	−1.593%	$5.9M	$4.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2973	−1.659%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2975	−1.599%	$990K	$226K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2988	−1.149%	$723K	$470K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3003	−0.659%	$1.7M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2980	−1.431%	$94K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2977	−1.527%	$34K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2968	−1.824%	$113K	$51K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2976	−1.546%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2972	−1.705%	$2.2M	$543K	25x	as long as short
Phemex JUPUSDT	+0.0228%	4h	0.2983	−1.328%	$2.9M	$2.9M	50x	as long as short
Phoenix JUPshort	+0.0272%	1h	0.2999	−0.786%	$104K	$265K	10x
BloFin JUP-USDT	+0.0340%	4h	0.2984	−1.295%	$840K	$380K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0360%	1h	0.2980	−1.421%	$77K	$52K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0388%	1h	0.2979	−1.462%	$586K	$397K	20x	as long as short