JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.4634%/8h= −507.5% APRnext payment −$5.79 per $10,000 · paid last 24h −0.495%

Price spread now: Injective against Deribit+0.486%63s7-day average — · you sell dearer than you buy

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

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−2.109%−$211 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 0.486% dearer against Deribit than usual: you sell high and buy low (spread +0.486% now, against zero (this spread has no 7-day history yet)): +$49 on $10k if it goes back. Holding the pair costs −$139 a day in funding at the current rate, which eats that in about 8 hours. At the pace of the last 7 days (−2.109% in total) that is about 37 hours. The two prices were read 63 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 -2.109% in total (about -115.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$5.79 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	Deribit JUP_USDC-PERPETUAL	0.2984	0	get 0.0000% / 1h	57m 44s	$56K	$14K	10x
Short	Injective JUP/USDC PERP	0.2998	−0.4634	pay 0.0579% / 1h	57m 44s	$3K	$206K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. 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 DeribitbpFee InjectivebpOrdersPrice spread, now +0.486%Rate

Funding earned: −$973.23
Price spread: +0.486% → 0.000%: $48.6
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$931.64
Costs to cover: 0.070%
Break-even: from the start

Slippage unknown: Deribit: no order-book sample; Injective: live order book, 16 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 Deribit no order-book sample	—	—	—	—	—
Sell Injective live order book, 16 min ago	104.27 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Deribit: 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 PERPshort	−0.4634%	1h	0.2998	+0.486%	$3K	$206K	5.5x
Gate JUP_USDT	−0.0444%	4h	0.2986	+0.084%	$746K	$1.5M	75x	as long as short
Pacifica JUP	−0.0356%	1h	0.2985	+0.056%	$284K	$158K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2984	+0.011%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0172%	4h	0.2983	−0.017%	$16.2M	$22.0M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.2987	+0.116%	$602K	$588K	20x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2987	+0.102%	$39K	$32K	5x	as long as short
Deribit JUP_USDC-PERPETUALlong	0.0000%	1h	0.2984	long leg	$56K	$14K	10x
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2983	0.000%	$17K	—	150x	as long as short
01 Exchange JUPUSD	+0.0016%	1h	0.2983	−0.013%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX JUP-USDT-SWAP	+0.0042%	4h	0.2981	−0.084%	$4.1M	$16.2M	50x	as long as short
Variational Omni JUP	+0.0052%	4h	0.2976	−0.248%	$719K	$776K	—	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2979	−0.140%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0082%	8h	0.2985	+0.056%	$9K	$13K	10x	as long as short
BloFin JUP-USDT	+0.0092%	4h	0.2984	+0.017%	$843K	$304K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2987	+0.124%	$798K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2983	−0.017%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2980	−0.126%	$617K	$649K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2991	+0.248%	$19.2M	$13.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2987	+0.129%	$116K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2985	+0.053%	$16.4M	$51.8M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2979	−0.151%	$62K	$9K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2985	+0.050%	$8.1M	$7.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2988	+0.151%	$4.3M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2988	+0.151%	$5.8M	$7.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2985	+0.050%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2986	+0.094%	$988K	$233K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2981	−0.084%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2981	−0.084%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2987	+0.124%	$94K	$119K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2975	−0.285%	$112K	$62K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2984	+0.032%	$2.2M	$502K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2982	−0.050%	$41K	—	3x	as long as short
Phoenix JUP	+0.0162%	1h	0.2977	−0.204%	$97K	$468K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2989	+0.188%	$75K	$92K	50x	as long as short
Phemex JUPUSDT	+0.0418%	4h	0.2989	+0.184%	$2.9M	$3.8M	50x	as long as short