JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0298%/8h= −32.6% APRnext payment −$0.37 per $10,000 · paid last 24h −0.054%

Price spread now: Backpack against Coinbase International−0.987%52s7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.111%−$11 on $10k

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 −$9 a day on $10k at the current rate, and Backpack is 0.987% cheaper against Coinbase International than usual: you would sell low and buy high (−$99 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 52 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 -0.111% in total (about -5.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 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	Coinbase International JUP-PERP-INTX	0.2988	0.0248	pay 0.0031% / 1h	44m 15s	$74K	$95K	50x
Short	Backpack JUP_USDC_PERP	0.2958	−0.0050	pay 0.0006% / 1h	44m 15s	$981K	$270K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Coinbase International. 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 Coinbase InternationalbpFee BackpackbpOrdersPrice spread, now −0.987%Rate

Funding earned: −$62.57
Price spread: −0.987% → 0.000%: −$98.74
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$181.31
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; Backpack: live order book, 44 min ago. 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Backpack live order book, 44 min ago	2.01 bp	8.8 bp −$9	doesn't fit	doesn't fit	doesn't fit

Coinbase International: 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	−0.5000%	1h	0.2934	−1.797%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0738% / S +0.0255%	1h	0.2960	−0.923%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0392%	4h	0.2955	−1.094%	$16.2M	$24.1M	50x	as long as short
Backpack JUP_USDC_PERPshort	−0.0050%	1h	0.2958	−0.987%	$981K	$270K	10x
Gate JUP_USDT	−0.0040%	4h	0.2955	−1.094%	$737K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2964	−0.800%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	−0.924%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2960	−0.938%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2961	−0.904%	$601K	$624K	20x	as long as short
dYdX JUP-USD	+0.0013%	1h	0.2961	−0.894%	$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
01 Exchange JUPUSD	+0.0032%	1h	0.2959	−0.967%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2957	−1.023%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2957	−1.030%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2962	−0.853%	$896K	$1.3M	10x	as long as short
Variational Omni JUP	+0.0098%	4h	0.2958	−0.994%	$724K	$1.2M	—	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2960	−0.927%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2958	−1.011%	$596K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2962	−0.850%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2960	−0.927%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2957	−1.030%	$282K	$185K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2959	−0.961%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2956	−1.061%	$4.1M	$16.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	−0.771%	$58K	$4K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	−0.961%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2959	−0.961%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2957	−1.028%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2958	−0.994%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2962	−0.860%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2963	−0.827%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2962	−0.847%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	−1.228%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	−0.793%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	−1.028%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0113%	4h	0.2962	−0.860%	$867K	$330K	50x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2957	−1.040%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTXlong	+0.0248%	1h	0.2988	long leg	$74K	$95K	50x