JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0156%/8h= −17.1% APRnext payment −$0.20 per $10,000 · paid last 24h +0.101%

Price spread now: Kraken Futures against Deribit+0.063%7-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 Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.898%+$90 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. Kraken Futures is 0.063% dearer against Deribit than usual: you sell high and buy low (spread +0.063% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 32 hours. Mind the row above: over the last 7 days funding on this pair paid +0.898%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit JUP_USDC-PERPETUAL	0.2976	−0.0052	get 0.0007% / 1h	26m 05s	$56K	$14K	10x
Short	Kraken Futures PF_JUPUSD	0.2978	−0.0209	pay 0.0026% / 1h	26m 05s	$600K	$597K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Deribit. 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 DeribitbpFee Kraken FuturesbpOrdersPrice spread, now +0.063%Rate

Funding earned: −$32.86
Price spread: +0.063% → 0.000%: $6.28
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$43.58
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Deribit: no order-book sample; Kraken Futures: live order book, 52 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 Kraken Futures live order book, 52 min ago	11.84 bp	21.0 bp −$21	69.6 bp −$696	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 PERP	−0.4371%	1h	0.2950	−0.864%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2977	+0.039%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSDshort	−0.0209%	1h	0.2978	+0.063%	$600K	$597K	20x
Pacifica JUP	−0.0199%	1h	0.2980	+0.131%	$284K	$167K	10x	as long as short
Deribit JUP_USDC-PERPETUALlong	−0.0052%	1h	0.2976	long leg	$56K	$14K	10x
Bybit JUPUSDT	−0.0049%	4h	0.2971	−0.168%	$16.2M	$22.6M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2977	+0.060%	$17K	—	150x	as long as short
01 Exchange JUPUSD	+0.0016%	1h	0.2977	+0.057%	$26K	$19K	5x	as long as short
Gate JUP_USDT	+0.0046%	4h	0.2974	−0.057%	$745K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2974	−0.044%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0064%	1h	0.2981	+0.195%	$39K	$33K	5x	as long as short
Variational Omni JUP	+0.0075%	4h	0.2975	−0.018%	$720K	$880K	—	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2977	+0.052%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2977	+0.040%	$795K	$1.4M	10x	as long as short
BloFin JUP-USDT	+0.0099%	4h	0.2981	+0.178%	$851K	$327K	50x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2976	+0.010%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2976	+0.027%	$614K	$657K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2978	+0.082%	$115K	$361K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2973	−0.086%	$16.3M	$53.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2971	−0.158%	$4.1M	$16.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2981	+0.181%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2974	−0.057%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2978	+0.077%	$4.2M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2974	−0.057%	$5.8M	$8.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2973	−0.091%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2975	−0.020%	$985K	$242K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2984	+0.279%	$1.7M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2983	+0.245%	$159K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2982	+0.198%	$94K	$129K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2973	−0.091%	$112K	$66K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2982	+0.212%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2972	−0.117%	$41K	—	3x	as long as short
Hyperliquid JUP	+0.0128%	1h	0.2980	+0.131%	$19.2M	$13.1M	10x	as long as short
Phoenix JUP	+0.0162%	1h	0.2986	+0.343%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2973	−0.092%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.830%	$75K	$93K	50x	as long as short