JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.19 per $10,000 · paid last 24h −0.027%

Price spread now: ApeX Omni against Kraken Futures−0.054%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$151as in the Funding arb table

Net, price: spread back to 7d avg − costs−$85as in the Price arb table

costs, in and out, $10k−$850.848% of the position

Long on Kraken Futures Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.657%−$66 on $10k

Price spread, last 4 days (all we have)−0.255%−$26 · spread now −0.054%, 7d avg −0.056%

Together, before fees−0.912%−$91 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.056%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JUPUSD	0.2953	0.0256	pay 0.0032% / 1h	48m 57s	$586K	$465K	20x
Short	ApeX Omni JUPUSDT	0.2951	0.0100	get 0.0013% / 1h	48m 57s	$163K	$255K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Kraken Futures. 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 Kraken FuturesbpFee ApeX OmnibpOrdersPrice spread, now −0.054%Rate

Funding earned: −$32.71
Price spread: −0.054% → −0.056%: $0.21
Slippage, 4 orders: −$64.85
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$117.35
Costs to cover: 0.848%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 64 min ago; ApeX Omni: live order book, 63 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 Kraken Futures live order book, 64 min ago	16.83 bp	26.4 bp −$26	133.8 bp −$1,338	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 63 min ago	10.13 bp	17.6 bp −$18	109.3 bp −$1,093	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	−0.4499%	1h	0.2910	−1.443%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2951	−0.055%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2950	−0.075%	$281K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2952	−0.020%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2951	−0.046%	—	—	150x	as long as short
dYdX JUP-USD	+0.0040%	1h	0.2952	−0.020%	$39K	$21K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2950	−0.079%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2954	+0.047%	$779K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2951	−0.047%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2951	−0.046%	$595K	$488K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2954	+0.031%	$18.6M	$8.8M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2952	−0.013%	$109K	$270K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2952	−0.027%	$16.2M	$39.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2948	−0.156%	$15.9M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2951	−0.054%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	+0.064%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2951	−0.054%	$732K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2951	−0.054%	$7.3M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2952	−0.020%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2951	−0.054%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2951	−0.054%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2952	−0.034%	$977K	$188K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2949	−0.122%	$721K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2956	+0.126%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDTshort	+0.0100%	1h	0.2951	−0.054%	$163K	$255K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2955	+0.075%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2951	−0.054%	$30K	$26K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2943	−0.325%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2958	+0.183%	$2.9M	$3.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2949	−0.139%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0184%	1h	0.2950	−0.090%	$2.2M	$508K	25x	as long as short
01 Exchange JUPUSD	+0.0192%	1h	0.2953	+0.020%	$26K	$14K	5x	as long as short
Kraken Futures PF_JUPUSDlong	+0.0256%	1h	0.2953	long leg	$586K	$465K	20x
Phoenix JUP	+0.0271%	1h	0.2957	+0.159%	$99K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2968	+0.515%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2953	+0.014%	$830K	$378K	50x	as long as short