JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −1.170%

Price spread now: Hyperliquid against dYdX+0.148%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

The price spread pays, funding is against you. Hyperliquid is 0.148% dearer against dYdX than usual: you sell high and buy low (spread +0.148% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX JUP-USD	0.2976	0.0192	pay 0.0024% / 1h	56m 15s	$39K	$35K	5x
Short	Hyperliquid JUP	0.2980	0.0168	get 0.0021% / 1h	56m 15s	$19.2M	$13.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against dYdX. 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 dYdXbpFee HyperliquidbpOrdersPrice spread, now +0.148%Rate

Funding earned: −$5.02
Price spread: +0.148% → 0.000%: $14.84
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$9.18
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: dYdX: no order-book sample; Hyperliquid: live order book, 7 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 dYdX no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 7 min ago	0.34 bp	13.7 bp −$14	doesn't fit	doesn't fit	doesn't fit

dYdX: 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	0.2935	−1.364%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2977	+0.051%	$15K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2977	+0.037%	$602K	$618K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2975	−0.010%	$283K	$169K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2977	+0.051%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2976	+0.014%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0046%	4h	0.2973	−0.087%	$749K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2974	−0.067%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0062%	4h	0.2973	−0.087%	$16.3M	$23.0M	50x	as long as short
01 Exchange JUPUSD	+0.0080%	1h	0.2977	+0.034%	$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
Paradex JUP-USD-PERP	+0.0080%	8h	0.2975	−0.011%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2979	+0.108%	$798K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2973	−0.078%	$614K	$667K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2977	+0.044%	$107K	$356K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2976	+0.014%	$16.4M	$53.8M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2973	−0.087%	$4.0M	$16.5M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2976	+0.014%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2977	+0.048%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2976	+0.014%	$5.7M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2975	−0.020%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2977	+0.061%	$985K	$248K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2961	−0.487%	$715K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	−0.322%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2969	−0.221%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2981	+0.175%	$94K	$130K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2976	+0.014%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2969	−0.221%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2980	+0.148%	$2.9M	$4.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2966	−0.322%	$58K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2976	+0.003%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0109%	4h	0.2976	+0.014%	$846K	$329K	50x	as long as short
Hyperliquid JUPshort	+0.0168%	1h	0.2980	+0.148%	$19.2M	$13.3M	10x
Phoenix JUP	+0.0190%	1h	0.2973	−0.080%	$97K	$479K	10x	as long as short
dYdX JUP-USDlong	+0.0192%	1h	0.2976	long leg	$39K	$35K	5x
Extended JUP-USD	+0.0216%	1h	0.2974	−0.046%	$2.2M	$505K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2977	+0.051%	$74K	$95K	50x	as long as short