JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0429%/8h= +47.0% APRnext payment +$2.15 per $10,000 · paid last 24h +0.004%

Price spread now: Phemex against KuCoin+0.102%7-day average +0.129% · you sell dearer than you buy

Net, funding: paid 7d − costs−$97as in the Funding arb table

Net, price: spread back to 7d avg − costs−$110as in the Price arb table

costs, in and out, $10k−$1071.068% of the position

Long on KuCoin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 4 days (all we have)+0.048%+$5 · spread now +0.102%, 7d avg +0.129%

Together, before fees+0.143%+$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.027% cheaper against KuCoin than usual: you would sell low and buy high (spread +0.102% now, against its 7-day average of +0.129%). If the spread goes back, that is −$3 on $10k: about 5 hours of funding at the current rate (+$13 a day). At the pace of the last 7 days (+0.096% in total) that is about 47 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.096% in total (about 5.0% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.15 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	KuCoin JUPUSDTM	0.2935	0.0100	pay 0.0050% / 4h	1h 12m	$4.0M	$6.7M	50x
Short	Phemex JUPUSDT	0.2938	0.0529	get 0.0265% / 4h	1h 12m	$2.9M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against KuCoin. 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 KuCoinbpFee PhemexbpOrdersPrice spread, now +0.102%Rate

Funding earned: $90.19
Price spread: +0.102% → +0.129%: −$2.67
Slippage, 4 orders: −$82.84
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$19.33
Costs to cover: 1.068%
Break-even: 8.5 days

Slippage from KuCoin: live order book, 1 min ago; Phemex: live order book, 1 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 KuCoin live order book, 1 min ago	5.11 bp	35.8 bp −$36	115.6 bp −$1,156	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	3.40 bp	21.4 bp −$21	71.0 bp −$710	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	−0.5000%	1h	0.2906	−0.988%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2934	−0.048%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2934	−0.036%	$280K	$140K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2934	−0.029%	—	—	150x	as long as short
dYdX JUP-USD	+0.0038%	1h	0.2935	+0.014%	$39K	$17K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2933	−0.059%	—	—	20x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0091%	1h	0.2935	+0.007%	$53K	$17K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2937	+0.078%	$760K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2934	−0.037%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2934	−0.043%	$572K	$490K	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	0.2936	+0.027%	$18.1M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2934	−0.050%	$106K	$280K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2934	−0.034%	$16.1M	$39.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2931	−0.126%	$15.9M	$17.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2934	−0.034%	$4.0M	$10.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2937	+0.057%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2933	−0.068%	$700K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2934	−0.034%	$6.7M	$5.6M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2935	long leg	$4.0M	$6.7M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2935	0.000%	$5.8M	$5.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2933	−0.068%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2934	−0.044%	$971K	$227K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2933	−0.052%	$711K	$531K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2936	+0.036%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2933	−0.068%	$162K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2935	+0.014%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2934	−0.034%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2928	−0.239%	$110K	$43K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2933	−0.085%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0200%	1h	0.2936	+0.020%	$26K	$6K	5x	as long as short
Phoenix JUP	+0.0244%	1h	0.2940	+0.184%	$98K	$285K	10x	as long as short
Extended JUP-USD	+0.0304%	1h	0.2933	−0.070%	$2.2M	$572K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2940	+0.187%	$74K	$48K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2931	−0.136%	$819K	$373K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0375%	1h	0.2936	+0.022%	$579K	$418K	20x	as long as short
Phemex JUPUSDTshort	+0.0529%	4h	0.2938	+0.102%	$2.9M	$3.0M	50x