JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.12 per $10,000 · paid last 24h −0.015%

Price spread now: Nado against Phoenix−0.689%57s7-day average −0.138% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$460.463% of the position

Long on Phoenix Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.057%−$6 on $10k

Price spread, last 3 days (all we have)+0.465%+$47 · spread now −0.689%, 7d avg −0.138%

Together, before fees+0.408%+ Points / potential airdropNado: Active · farm board+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.551% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.689% now, against its 7-day average of −0.138%). If the spread goes back, that is −$55 on $10k: about 18 days of funding at the current rate (+$3 a day). Mind the row above: over the last 3 days funding on this pair cost −0.057%, so the current rate has only just turned in your favour. 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	0.2977	0	get 0.0000% / 1h	11m 40s	$95K	$447K	10x
Short	Nado JUP-PERP	0.2956	0.0100	get 0.0012% / 1h	11m 40s	$596K	$668K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.689%Rate

Funding earned: $21
Price spread: −0.689% → −0.138%: −$55.1
Slippage, 4 orders: −$32.34
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$80.45
Costs to cover: 0.463%
Break-even: 33.8 days

Slippage from Phoenix: live order book, 10 min ago; Nado: live order book, 11 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 Phoenix live order book, 10 min ago	2.51 bp	14.3 bp −$14	29.0 bp −$290	doesn't fit	doesn't fit
Sell Nado live order book, 11 min ago	1.34 bp	8.2 bp −$8	33.5 bp −$335	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	0.2978	+0.050%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0888% / S +0.0332%	1h	0.2959	−0.573%	$13K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0561%	1h	0.2958	−0.608%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0141%	4h	0.2956	−0.689%	$16.2M	$24.0M	50x	as long as short
Gate JUP_USDT	−0.0020%	4h	0.2954	−0.756%	$735K	$2.0M	75x	as long as short
Phoenix JUPlong	0.0000%	1h	0.2977	long leg	$95K	$447K	10x
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2961	−0.530%	$17K	—	150x	as long as short
01 Exchange JUPUSD	+0.0008%	1h	0.2957	−0.662%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2961	−0.509%	$600K	$624K	20x	as long as short
dYdX JUP-USD	+0.0025%	1h	0.2961	−0.529%	$39K	$36K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2955	−0.715%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2957	−0.666%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2960	−0.554%	$838K	$1.3M	10x	as long as short
BloFin JUP-USDT	+0.0098%	4h	0.2969	−0.252%	$858K	$333K	50x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2956	−0.689%	$596K	$668K	10x
Hyperliquid JUP	+0.0100%	1h	0.2962	−0.494%	$18.9M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2961	−0.537%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2958	−0.623%	$282K	$181K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2958	−0.622%	$16.4M	$56.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2956	−0.689%	$4.1M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2957	−0.655%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2960	−0.554%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2957	−0.655%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2956	−0.689%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2958	−0.611%	$979K	$266K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2971	−0.172%	$727K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2979	+0.068%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2972	−0.151%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2966	−0.366%	$93K	$139K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2958	−0.622%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	−0.857%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	−0.420%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	−0.638%	$57K	$3K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2955	−0.707%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0224%	1h	0.2955	−0.707%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.437%	$74K	$95K	50x	as long as short