JUP

Alert

Funding spread now, next payment 16:00 UTC+0.0240%/8h

next payment, per $10,000+$0.30paid, last 24h+0.001%paid, last 3 days−0.050%to open and closeno order book

The current rate is far above what this pair has been paying: over the last 3 days it paid -0.050% in total (about -6.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.30 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	GMX JUP/USD [WBTC.b-USDC]	0.3019	L −0.0188% / S +0.0093%	get 0.0023% / 1h	23m 32s	$13K	—	100x
Short	Phoenix JUP	0.3029	0.0053	get 0.0007% / 1h	23m 32s	$44K	$340K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee GMXbpFee PhoenixbpOrdersRate

Funding earned: $50.44
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $31.44
Break-even: 2.6 days

Slippage unknown: GMX: no order-book sample; Phoenix: live order book, 11 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.331%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 GMX no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 11 min ago	2.47 bp	14.2 bp −$14	29.5 bp −$295	doesn't fit	doesn't fit

GMX: 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 35 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Injective JUP/USDC PERP	−0.3509%	1h	$5K	$17K	5.5x	as long as short
OKX JUP-USDT-SWAP	−0.0238%	4h	$4.3M	$16.3M	50x	as long as short
01 Exchange JUPUSD	−0.0192%	1h	$27K	$19K	5x	as long as short
GMX JUP/USD [WBTC.b-USDC]long	L −0.0188% / S +0.0093%	1h	$13K	—	100x
dYdX JUP-USD	0.0000%	1h	$39K	$41K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	$58K	$13K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	$16K	—	150x	as long as short
Aster JUPUSDT	+0.0044%	4h	$121K	$356K	10x	as long as short
Phoenix JUPshort	+0.0053%	1h	$44K	$340K	10x
Reya JUPRUSDPERP	+0.0057%	1h	—	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0073%	8h	$9K	$15K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0080%	1h	$77K	$134K	50x	as long as short
Backpack JUP_USDC_PERP	+0.0085%	1h	$996K	$280K	10x	as long as short
Lighter JUP	+0.0096%	1h	$883K	$1.1M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	$26K	$36K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	$621K	$612K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	$20.0M	$13.0M	10x	as long as short
Pacifica JUP	+0.0100%	1h	$288K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	$17.0M	$54.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	$17.2M	$22.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	$60K	$1K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	$811K	$1.8M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	$8.3M	$7.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	$4.2M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	$5.7M	$8.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	—	$21.1M	—	as long as short
Variational Omni JUP	+0.0100%	4h	$741K	$1.2M	—	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	$161K	$318K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	$94K	$148K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	$113K	$88K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0156%	4h	$937K	$264K	50x	as long as short
Extended JUP-USD	+0.0160%	1h	$2.3M	$456K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0270%	1h	$585K	$610K	20x	as long as short