After costs, if the gap returns to its 7d average, $10k−$64
spread now+0.097%7d average+0.077%fees + slippage, in and out−$66spread needed0.663%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack JUP_USDC_PERP | 0.3045 | −0.0171 | get 0.0021% / 1h | 16m 08s | $1.0M | $276K | 10x |
| Short | Kraken Futures PF_JUPUSD | 0.3048 | 0.0419 | get 0.0052% / 1h | 16m 08s | $642K | $569K | 20x |
Backpack JUP_USDC_PERP
Kraken Futures PF_JUPUSDPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $9.72
- Funding while held
- $17.72
- Slippage, 4 orders
- −$46.31
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$38.87
- Spread needed to break even
- 0.663%
Slippage from Backpack: live order book, 29 min ago; Kraken Futures: live order book, 33 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0591%
- Per $10,000 a day
- +$17.72
- Average in range /8h
- —
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 Backpack live order book, 29 min ago | 0.17 bp | 9.9 bp −$10 | doesn't fit | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 33 min ago | 13.11 bp | 21.4 bp −$21 | 105.8 bp −$1,058 | doesn't fit | doesn't fit |
JUP price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2995cheapestVariational Omni0.3006+0.359%Bulk0.3014+0.628%Phoenix0.3030+1.155%ApeX Omni0.3033+1.269%HTX0.3039+1.469%OKX0.3041+1.536%Bybit0.3041+1.546%Extended0.3042+1.583%Nado0.3043+1.594%Aevo0.3043+1.606%Reya0.3044+1.629%Pacifica0.3044+1.636%Bitget0.3044+1.636%BingX0.3044+1.636%Paradex0.3045+1.661%Gate0.3045+1.669%BloFin0.3045+1.669%
Injective
Variational Omni
Bulk
Phoenix
ApeX Omni
HTX
OKX
Bybit
Extended
Nado
Aevo
Reya
Pacifica
Bitget
BingX
Paradex
Gate
BloFinBackpack0.3045+1.683%
Binance0.3046+1.697%MEXC0.3046+1.703%Orderly0.3046+1.703%Aster0.3046+1.719%Lighter0.3047+1.726%dYdX0.3047+1.731%Deribit0.3047+1.736%01 Exchange0.3047+1.750%Hyperliquid0.3048+1.760%gTrade (Gains Network)0.3048+1.765%KuCoin0.3048+1.770%Phemex0.3048+1.770%
Binance
MEXC
Orderly
Aster
Lighter
dYdX
Deribit
Hyperliquid
gTrade (Gains Network)
KuCoin
PhemexKraken Futures0.3048+1.782%
Coinbase International0.3049+1.803%GMX0.3049+1.804%Polymarket Perps0.3051+1.856%
Coinbase International
GMX
Polymarket PerpsJUP on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective JUP/USDC PERP | −1.655% | +0.3440% | 1h | $5K | $17K | 5.5x | as long as short |
| Variational Omni JUP | −1.302% | +0.0100% | 4h | $733K | $1.2M | — | as long as short |
| Bulk JUP-USD | −1.037% | +0.0100% | 1h | $60K | $1K | 10x | as long as short |
| Phoenix JUP | −0.519% | +0.0131% | 1h | $43K | $355K | 10x | as long as short |
| ApeX Omni JUPUSDT | −0.407% | +0.0100% | 1h | $161K | $317K | 50x | as long as short |
| HTX JUP-USDT | −0.210% | +0.0100% | 4h | $114K | $88K | 20x | as long as short |
| OKX JUP-USDT-SWAP | −0.144% | −0.0125% | 4h | $4.4M | $16.4M | 50x | as long as short |
| Bybit JUPUSDT | −0.135% | +0.0100% | 4h | $17.5M | $22.1M | 50x | as long as short |
| Extended JUP-USD | −0.098% | +0.0552% | 1h | $2.3M | $343K | 25x | as long as short |
| Nado JUP-PERP | −0.087% | +0.0100% | 1h | $617K | $609K | 10x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aevo JUP-PERP | −0.076% | +0.0104% | 1h | $41K | — | 3x | as long as short |
| Reya JUPRUSDPERP | −0.053% | +0.0057% | 1h | — | — | 20x | as long as short |
| Pacifica JUP | −0.046% | +0.0056% | 1h | $290K | $179K | 10x | as long as short |
| Bitget JUPUSDT | −0.046% | +0.0100% | 4h | $5.8M | $8.7M | 75x | as long as short |
| BingX JUP-USDT | −0.046% | +0.0100% | 4h | — | $21.0M | — | as long as short |
| Paradex JUP-USD-PERP | −0.022% | +0.0090% | 8h | $10K | $15K | 10x | as long as short |
| Gate JUP_USDT | −0.013% | 0.0000% | 4h | $819K | $1.8M | 75x | as long as short |
| BloFin JUP-USDT | −0.013% | +0.0125% | 4h | $968K | $259K | 50x | as long as short |
| Backpack JUP_USDC_PERPlong | 0.000% | −0.0171% | 1h | $1.0M | $276K | 10x | |
| Binance JUPUSDT | +0.014% | +0.0100% | 4h | $17.4M | $54.6M | 75x | as long as short |
| MEXC JUP_USDT | +0.020% | +0.0100% | 4h | $8.2M | $7.1M | 200x | as long as short |
| Orderly PERP_JUP_USDC | +0.020% | +0.0099% | 4h | $26K | $35K | 10x | as long as short |
| Aster JUPUSDT | +0.036% | +0.0094% | 4h | $124K | $358K | 10x | as long as short |
| Lighter JUP | +0.043% | +0.0096% | 1h | $903K | $1.0M | 10x | as long as short |
| dYdX JUP-USD | +0.048% | +0.1874% | 1h | $40K | $40K | 5x | as long as short |
| Deribit JUP_USDC-PERPETUAL | +0.053% | −0.0045% | 1h | $59K | $13K | 10x | as long as short |
| 01 Exchange JUPUSD | +0.066% | −0.0056% | 1h | $27K | $20K | 5x | as long as short |
| Hyperliquid JUP | +0.076% | +0.0100% | 1h | $20.0M | $12.9M | 10x | as long as short |
| gTrade (Gains Network) JUP/USD | +0.081% | L +0.0002% / S −0.0001% | 1h | $17K | — | 150x | as long as short |
| KuCoin JUPUSDTM | +0.085% | +0.0100% | 4h | $4.3M | $7.4M | 50x | as long as short |
| Phemex JUPUSDT | +0.085% | +0.0100% | 4h | $3.0M | $4.0M | 50x | as long as short |
| Kraken Futures PF_JUPUSDshort | +0.097% | +0.0419% | 1h | $642K | $569K | 20x | |
| Coinbase International JUP-PERP-INTX | +0.118% | +0.0208% | 1h | $79K | $168K | 50x | as long as short |
| GMX JUP/USD [WBTC.b-USDC] | +0.119% | L −0.0203% / S +0.0056% | 1h | $11K | — | 100x | as long as short |
| Polymarket Perps JUP-USD | +0.171% | +0.0100% | 1h | $95K | $150K | 10x | as long as short |