JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0205%/8h= +22.5% APRnext payment +$1.03 per $10,000 · paid last 24h +0.004%

Price spread now: Phemex against Bitget0.000%56s7-day average +0.177% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as 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−$650.649% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.067%+$7 on $10k

Price spread, last 4 days (all we have)+0.206%+$21 · spread now 0.000%, 7d avg +0.177%

Together, before fees+0.273%+$27 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.177% cheaper against Bitget than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.177%). If the spread goes back, that is −$18 on $10k: about 2.9 days of funding at the current rate (+$6 a day). At the pace of the last 7 days (+0.067% in total) that is about 19 days. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.067% in total (about 3.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.03 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget JUPUSDT	0.2936	0.0100	pay 0.0050% / 4h	3h 58m	$5.8M	$4.9M	75x
Short	Phemex JUPUSDT	0.2936	0.0305	get 0.0153% / 4h	3h 58m	$2.9M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee PhemexbpOrdersPrice spread, now 0.000%Rate

Funding earned: $43.07
Price spread: 0.000% → +0.177%: −$17.69
Slippage, 4 orders: −$40.88
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$39.5
Costs to cover: 0.649%
Break-even: 13.4 days

Slippage from Bitget: live order book, 5 min ago; Phemex: live order book, 5 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 Bitget live order book, 5 min ago	5.11 bp	14.7 bp −$15	24.5 bp −$245	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	3.41 bp	19.0 bp −$19	doesn't fit	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	−0.3798%	1h	0.2903	−1.124%	$3K	$205K	5.5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.2648%	1h	0.2925	−0.375%	$53K	$17K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2934	−0.059%	$16K	—	100x	as long as short
HTX JUP-USDT	−0.0085%	4h	0.2924	−0.409%	$111K	$45K	20x	as long as short
Pacifica JUP	−0.0070%	1h	0.2935	−0.024%	$280K	$137K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2933	−0.092%	$39K	$15K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2936	+0.010%	$16K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2934	−0.074%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2938	+0.061%	$759K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2935	−0.038%	$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	0.2935	−0.026%	$578K	$491K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2937	+0.048%	$18.1M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2936	−0.010%	$101K	$295K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2935	−0.024%	$16.1M	$38.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2931	−0.160%	$15.9M	$17.1M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2933	−0.102%	$4.1M	$10.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2934	−0.068%	$699K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2934	−0.068%	$7.1M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2936	0.000%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDTlong	+0.0100%	4h	0.2936	long leg	$5.8M	$4.9M	75x
BingX JUP-USDT	+0.0100%	4h	0.2933	−0.102%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2935	−0.044%	$971K	$223K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2928	−0.269%	$711K	$528K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2934	−0.075%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2928	−0.272%	$161K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2937	+0.034%	$92K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2935	−0.034%	$33K	$29K	10x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2935	−0.046%	$61K	$2K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2934	−0.060%	$2.2M	$576K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2933	−0.119%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0192%	1h	0.2940	+0.146%	$26K	$2K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0279%	1h	0.2934	−0.059%	$577K	$415K	20x	as long as short
Phemex JUPUSDTshort	+0.0305%	4h	0.2936	0.000%	$2.9M	$3.0M	50x
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2935	−0.020%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2931	−0.170%	$815K	$376K	50x	as long as short
Phoenix JUP	+0.0355%	1h	0.2936	−0.010%	$105K	$267K	10x	as long as short