JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0272%/8h= −29.8% APRnext payment −$0.34 per $10,000 · paid last 24h −0.045%

Price spread now: gTrade (Gains Network) against Phoenix−0.048%57s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and gTrade (Gains Network) is 0.048% cheaper against Phoenix than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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	Phoenix JUP	0.3025	0.0272	pay 0.0034% / 1h	58m 52s	$109K	$263K	10x
Short	gTrade (Gains Network) JUP/USD	0.3023	L +0.0001% / S 0.0000%	get 0.0000% / 1h	58m 52s	$18K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against Phoenix. 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 PhoenixbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.048%Rate

Funding earned: −$57.14
Price spread: −0.048% → 0.000%: −$4.79
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$78.94
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 32 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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 Phoenix live order book, 32 min ago	2.56 bp	14.2 bp −$14	29.1 bp −$291	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3614%	1h	0.3025	+0.013%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.3017	−0.245%	$17K	—	100x	as long as short
Pacifica JUP	−0.0070%	1h	0.3017	−0.260%	$287K	$131K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.3010	−0.493%	$54K	$8K	10x	as long as short
gTrade (Gains Network) JUP/USDshort	L +0.0001% / S 0.0000%	1h	0.3023	−0.048%	$18K	—	150x
dYdX JUP-USD	+0.0037%	1h	0.3015	−0.330%	$40K	$16K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3009	−0.501%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.3009	−0.506%	$772K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.3016	−0.275%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3013	−0.400%	$588K	$480K	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	0.3010	−0.493%	$18.6M	$8.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3012	−0.430%	$104K	$295K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3007	−0.584%	$16.7M	$37.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3004	−0.668%	$16.3M	$16.6M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.3003	−0.714%	$4.1M	$10.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3016	−0.284%	$63K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3008	−0.549%	$719K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3010	−0.483%	$8.1M	$5.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3010	−0.483%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3008	−0.549%	$5.9M	$4.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3006	−0.615%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3011	−0.463%	$998K	$213K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3011	−0.452%	$729K	$470K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3019	−0.185%	$1.7M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3016	−0.284%	$166K	$250K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3020	−0.162%	$95K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3010	−0.483%	$34K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3009	−0.516%	$114K	$51K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3016	−0.284%	$2.9M	$2.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3008	−0.560%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0160%	1h	0.3006	−0.609%	$2.2M	$543K	25x	as long as short
01 Exchange JUPUSD	+0.0200%	1h	0.3018	−0.225%	$27K	$2K	5x	as long as short
Phoenix JUPlong	+0.0272%	1h	0.3025	long leg	$109K	$263K	10x
BloFin JUP-USDT	+0.0340%	4h	0.3016	−0.284%	$837K	$384K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0360%	1h	0.3025	+0.017%	$77K	$52K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0384%	1h	0.3011	−0.440%	$591K	$397K	20x	as long as short