JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0096%/8h= −10.5% APRnext payment −$0.48 per $10,000 · paid last 24h −0.024%

Price spread now: OKX against Phemex+0.442%7-day average −0.208% · you sell dearer than you buy

Net, funding: paid 7d − costs−$94as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$830.831% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.106%−$11 on $10k

Price spread, last 3 days (all we have)−0.661%−$66 · spread now +0.442%, 7d avg −0.208%

Together, before fees−0.767%−$77 on $10k · with fees, hour by hour

The price spread pays, funding is against you. OKX is 0.651% dearer against Phemex than usual: you sell high and buy low (spread +0.442% now, against its 7-day average of −0.208%): +$65 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex JUPUSDT	0.2940	0.0100	pay 0.0050% / 4h	1h 56m	$2.9M	$3.4M	50x
Short	OKX JUP-USDT-SWAP	0.2953	0.0004	get 0.0002% / 4h	1h 56m	$4.1M	$12.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.442%Rate

Funding earned: −$20.14
Price spread: +0.442% → −0.208%: $65.06
Slippage, 4 orders: −$61.09
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$38.17
Costs to cover: 0.831%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; OKX: live order book, 2 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, 2 min ago	8.48 bp	27.6 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.70 bp	18.6 bp −$19	49.7 bp −$497	doesn't fit	doesn't fit

JUP on 35 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	0.2904	−1.224%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2936	−0.120%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2951	+0.386%	$281K	$147K	10x	as long as short
Backpack JUP_USDC_PERP	−0.0163%	1h	0.2939	−0.037%	$975K	$222K	10x	as long as short
Bybit JUPUSDT	−0.0030%	4h	0.2952	+0.408%	$15.8M	$19.4M	50x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2947	+0.255%	$38K	$27K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2936	−0.122%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2955	+0.522%	—	—	150x	as long as short
OKX JUP-USDT-SWAPshort	+0.0004%	4h	0.2953	+0.442%	$4.1M	$12.7M	50x
Reya JUPRUSDPERP	+0.0057%	1h	0.2955	+0.494%	—	—	20x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0072%	1h	0.2956	+0.551%	$26K	$19K	5x	as long as short
Variational Omni JUP	+0.0075%	4h	0.2942	+0.085%	$719K	$720K	—	as long as short
Paradex JUP-USD-PERP	+0.0095%	8h	0.2955	+0.516%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2951	+0.384%	$781K	$1.1M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2954	+0.493%	$597K	$510K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2959	+0.646%	$18.8M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2945	+0.176%	$114K	$308K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2952	+0.408%	$16.3M	$43.8M	75x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2946	+0.204%	$731K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2957	+0.578%	$7.4M	$6.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2953	+0.442%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2955	+0.510%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2950	+0.340%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2945	+0.171%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2944	+0.136%	$156K	$274K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2959	+0.663%	$93K	$108K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2936	−0.136%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2929	−0.374%	$110K	$47K	20x	as long as short
Phemex JUPUSDTlong	+0.0100%	4h	0.2940	long leg	$2.9M	$3.4M	50x
Bulk JUP-USD	+0.0100%	1h	0.2951	+0.374%	$61K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2937	−0.117%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2950	+0.347%	$97K	$328K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0202%	1h	0.2937	−0.093%	$586K	$498K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2937	−0.092%	$74K	$49K	50x	as long as short
Extended JUP-USD	+0.0376%	1h	0.2955	+0.512%	$2.2M	$490K	25x	as long as short