JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.4849%/8h= +530.9% APRnext payment +$6.06 per $10,000 · paid last 24h +0.602%

Price spread now: Phoenix against Injective+1.142%7-day average +2.172% · you sell dearer than you buy

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

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+2.438%+$244 on $10k

Price spread, last 3 days (all we have)−0.632%−$63 · spread now +1.142%, 7d avg +2.172%

Together, before fees+1.806%+$181 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 1.029% cheaper against Injective than usual: you would sell low and buy high (spread +1.142% now, against its 7-day average of +2.172%). If the spread goes back, that is −$103 on $10k: about 17 hours of funding at the current rate (+$145 a day). At the pace of the last 7 days (+2.438% in total) that is about 3.0 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 2.438% in total (about 127.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$6.06 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	Injective JUP/USDC PERP	0.2985	−0.4634	get 0.0579% / 1h	9m 07s	$3K	$206K	5.5x
Short	Phoenix JUP	0.3019	0.0214	get 0.0027% / 1h	9m 07s	$98K	$469K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Injective. 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 InjectivebpFee PhoenixbpOrdersPrice spread, now +1.142%Rate

Funding earned: $1,018.22
Price spread: +1.142% → +2.172%: −$102.92
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $908.27
Costs to cover: 0.070%
Break-even: 0.8 days

Slippage unknown: Injective: live order book, 65 min ago; Phoenix: live order book, 63 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 Injective live order book, 65 min ago	104.27 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 63 min ago	2.52 bp	14.4 bp −$14	28.8 bp −$288	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 PERPlong	−0.4634%	1h	0.2985	long leg	$3K	$206K	5.5x
Pacifica JUP	−0.0356%	1h	0.3017	+1.075%	$287K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3017	+1.079%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0100%	1h	0.3015	+0.992%	$607K	$525K	20x	as long as short
01 Exchange JUPUSD	−0.0048%	1h	0.3017	+1.072%	$27K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0042%	4h	0.3012	+0.905%	$4.1M	$15.7M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.3016	+1.052%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3017	+1.066%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0045%	1h	0.3018	+1.122%	$39K	$31K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3015	+0.990%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0081%	8h	0.3018	+1.094%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3016	+1.025%	$755K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3017	+1.072%	$32K	$45K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3016	+1.030%	$623K	$625K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3018	+1.119%	$19.4M	$11.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3018	+1.113%	$116K	$328K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3014	+0.972%	$16.6M	$48.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3012	+0.905%	$16.5M	$20.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3001	+0.536%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3014	+0.972%	$757K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3014	+0.972%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3015	+1.005%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3016	+1.039%	$5.9M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3014	+0.972%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3015	+1.018%	$997K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3010	+0.838%	$728K	$770K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3023	+1.273%	$1.7M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3015	+1.005%	$160K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3020	+1.179%	$95K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3010	+0.838%	$113K	$54K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3021	+1.206%	$3.0M	$3.7M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3013	+0.932%	$2.2M	$490K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3014	+0.955%	$41K	—	3x	as long as short
Phoenix JUPshort	+0.0214%	1h	0.3019	+1.142%	$98K	$469K	10x
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3019	+1.142%	$75K	$61K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3013	+0.938%	$852K	$358K	50x	as long as short