JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0191%/8h= −20.9% APRnext payment −$0.96 per $10,000 · paid last 24h +0.018%

Price spread now: Bybit against OKX−0.050%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 7 days+0.036%+$4 · spread now −0.050%, 7d avg +0.004%

Together, before fees+0.080%+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Bybit is 0.055% cheaper against OKX than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.044% in total (about 2.3% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.96 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	OKX JUP-USDT-SWAP	0.2977	0.0100	pay 0.0050% / 4h	2h 20m	$4.1M	$16.8M	50x
Short	Bybit JUPUSDT	0.2975	−0.0091	pay 0.0046% / 4h	2h 20m	$16.3M	$24.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now −0.050%Rate

Funding earned: −$40.15
Price spread: −0.050% → +0.004%: −$5.45
Slippage, 4 orders: −$39.72
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$106.32
Costs to cover: 0.607%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Bybit: live order book, 3 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 OKX live order book, 3 min ago	1.68 bp	16.8 bp −$17	80.3 bp −$803	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	3.36 bp	14.2 bp −$14	37.3 bp −$373	259.4 bp −$25.9K	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	0.2933	−1.478%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0853% / S +0.0321%	1h	0.2979	+0.063%	$13K	—	100x	as long as short
Bybit JUPUSDTshort	−0.0091%	4h	0.2975	−0.050%	$16.3M	$24.1M	50x
Deribit JUP_USDC-PERPETUAL	−0.0018%	1h	0.2979	+0.060%	$56K	$14K	10x	as long as short
Phoenix JUP	0.0000%	1h	0.2986	+0.312%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2980	+0.106%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2979	+0.083%	$604K	$624K	20x	as long as short
dYdX JUP-USD	+0.0031%	1h	0.2983	+0.197%	$39K	$36K	5x	as long as short
Gate JUP_USDT	+0.0042%	4h	0.2977	0.000%	$741K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2977	+0.004%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0064%	1h	0.2983	+0.215%	$26K	$19K	5x	as long as short
BloFin JUP-USDT	+0.0067%	4h	0.2981	+0.134%	$858K	$331K	50x	as long as short
Paradex JUP-USD-PERP	+0.0093%	8h	0.2980	+0.101%	$9K	$15K	10x	as long as short
Variational Omni JUP	+0.0094%	4h	0.2982	+0.181%	$728K	$1.2M	—	as long as short
Lighter JUP	+0.0096%	1h	0.2979	+0.071%	$869K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2979	+0.067%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2980	+0.109%	$601K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2980	+0.104%	$19.1M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2980	+0.095%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2981	+0.136%	$284K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2978	+0.028%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAPlong	+0.0100%	4h	0.2977	long leg	$4.1M	$16.8M	50x
MEXC JUP_USDT	+0.0100%	4h	0.2979	+0.067%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2980	+0.101%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2977	0.000%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2978	+0.034%	—	$21.0M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2979	+0.067%	$987K	$266K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2982	+0.182%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2981	+0.134%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2987	+0.329%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2974	−0.101%	$112K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2984	+0.235%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2982	+0.168%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2977	+0.006%	$41K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.420%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0264%	1h	0.2976	−0.029%	$2.2M	$539K	25x	as long as short