JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0136%/8h= −14.9% APRnext payment −$0.68 per $10,000 · paid last 24h −0.012%

Price spread now: Phemex against BloFin+0.236%59s7-day average +0.163% · you sell dearer than you buy

Net, funding: paid 7d − costs−$103as 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−$750.749% of the position

Long on BloFin Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.276%−$28 on $10k

Price spread, last 4 days (all we have)−0.106%−$11 · spread now +0.236%, 7d avg +0.163%

Together, before fees−0.382%−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.073% dearer against BloFin than usual: you sell high and buy low (spread +0.236% now, against its 7-day average of +0.163%): +$7 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 43 hours. The two prices were read 59 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	BloFin JUP-USDT	0.2962	0.0340	pay 0.0170% / 4h	2h 17m	$829K	$371K	50x
Short	Phemex JUPUSDT	0.2969	0.0204	get 0.0102% / 4h	2h 17m	$2.9M	$2.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against BloFin. 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 BloFinbpFee PhemexbpOrdersPrice spread, now +0.236%Rate

Funding earned: −$28.64
Price spread: +0.236% → +0.163%: $7.33
Slippage, 4 orders: −$50.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$96.21
Costs to cover: 0.749%
Break-even: never at this rate

Slippage from BloFin: live order book, 32 min ago; Phemex: live order book, 4 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 BloFin live order book, 32 min ago	1.68 bp	13.6 bp −$14	22.0 bp −$220	135.4 bp −$13.5K	doesn't fit
Sell Phemex live order book, 4 min ago	8.41 bp	23.7 bp −$24	doesn't fit	doesn't fit	doesn't fit

JUP on 36 exchanges

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	0.3020	+1.958%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2962	+0.005%	$16K	—	100x	as long as short
Pacifica JUP	−0.0028%	1h	0.2962	−0.012%	$282K	$130K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2962	+0.014%	$39K	$13K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2965	+0.095%	$55K	$9K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2962	+0.009%	$18K	—	150x	as long as short
ApeX Omni JUPUSDT	+0.0051%	1h	0.2964	+0.068%	$163K	$235K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2963	+0.030%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2966	+0.138%	$762K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2961	−0.035%	$9K	$11K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2964	+0.076%	$576K	$478K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2967	+0.176%	$18.3M	$8.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2964	+0.068%	$101K	$293K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2962	+0.015%	$16.3M	$37.3M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2961	−0.030%	$16.1M	$16.6M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2962	0.000%	$4.1M	$9.9M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2962	0.000%	$708K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2963	+0.034%	$8.0M	$5.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2963	+0.034%	$4.0M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2964	+0.068%	$5.9M	$4.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2962	0.000%	—	$21.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2964	+0.057%	$983K	$231K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2963	+0.030%	$717K	$462K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	−0.059%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2967	+0.169%	$94K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2965	+0.101%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2957	−0.169%	$112K	$50K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2964	+0.084%	$61K	$2K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2961	−0.046%	$2.2M	$548K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2964	+0.051%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0176%	1h	0.2966	+0.128%	$26K	$2K	5x	as long as short
Phemex JUPUSDTshort	+0.0204%	4h	0.2969	+0.236%	$2.9M	$2.8M	50x
Phoenix JUP	+0.0318%	1h	0.2969	+0.240%	$98K	$265K	10x	as long as short
BloFin JUP-USDTlong	+0.0340%	4h	0.2962	long leg	$829K	$371K	50x
Coinbase International JUP-PERP-INTX	+0.0360%	1h	0.2972	+0.344%	$82K	$56K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0389%	1h	0.2968	+0.189%	$584K	$387K	20x	as long as short