JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0031%/8h= +3.4% APRnext payment +$0.16 per $10,000 · paid last 24h +0.012%

Price spread now: BloFin against Phemex+0.136%59s7-day average −0.165% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$700.700% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.276%+$28 on $10k

Price spread, last 4 days (all we have)−0.285%−$28 · spread now +0.136%, 7d avg −0.165%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.301% dearer against Phemex than usual: you sell high and buy low: +$30 more if the spread goes back to its 7-day average of −0.165%. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex JUPUSDT	0.2932	0.0309	pay 0.0154% / 4h	3h 32m	$2.9M	$2.9M	50x
Short	BloFin JUP-USDT	0.2936	0.0340	get 0.0170% / 4h	3h 32m	$822K	$375K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phemex. 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 PhemexbpFee BloFinbpOrdersPrice spread, now +0.136%Rate

Funding earned: $6.53
Price spread: +0.136% → −0.165%: $30.14
Slippage, 4 orders: −$46.03
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$33.36
Costs to cover: 0.700%
Break-even: 42.8 days

Slippage from Phemex: live order book, 1 min ago; BloFin: live order book, 44 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 Phemex live order book, 1 min ago	5.11 bp	20.9 bp −$21	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 44 min ago	5.13 bp	11.9 bp −$12	27.5 bp −$275	92.9 bp −$9,287	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	−0.3798%	1h	0.2898	−1.160%	$3K	$205K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2928	−0.127%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0074%	4h	0.2926	−0.191%	$15.9M	$17.0M	50x	as long as short
Pacifica JUP	−0.0070%	1h	0.2933	+0.023%	$280K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2929	−0.106%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2929	−0.093%	$16K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2927	−0.161%	—	—	20x	as long as short
dYdX JUP-USD	+0.0081%	1h	0.2934	+0.077%	$39K	$16K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2932	−0.017%	$757K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2933	+0.028%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2929	−0.102%	$577K	$487K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2932	+0.014%	$18.1M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2929	−0.102%	$101K	$297K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2928	−0.144%	$16.0M	$38.5M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2927	−0.171%	$4.0M	$10.0M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2931	−0.034%	$695K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2928	−0.136%	$7.8M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2930	−0.068%	$4.0M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2926	−0.205%	$5.8M	$4.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2928	−0.136%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2933	+0.041%	$974K	$222K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2940	+0.256%	$715K	$527K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2942	+0.341%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2948	+0.546%	$163K	$250K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2931	−0.034%	$92K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2929	−0.102%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2920	−0.409%	$112K	$46K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2946	+0.468%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2922	−0.337%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0152%	1h	0.2926	−0.196%	$2.2M	$576K	25x	as long as short
01 Exchange JUPUSD	+0.0232%	1h	0.2932	−0.017%	$26K	$2K	5x	as long as short
Phoenix JUP	+0.0272%	1h	0.2943	+0.382%	$107K	$275K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0280%	1h	0.2929	−0.091%	$578K	$409K	20x	as long as short
Phemex JUPUSDTlong	+0.0309%	4h	0.2932	long leg	$2.9M	$2.9M	50x
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2957	+0.836%	$75K	$49K	50x	as long as short
BloFin JUP-USDTshort	+0.0340%	4h	0.2936	+0.136%	$822K	$375K	50x