JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0205%/8h= +22.5% APRnext payment +$0.26 per $10,000 · paid last 24h −0.231%

Price spread now: Phoenix against dYdX−0.468%46s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.468% cheaper against dYdX than usual: you would sell low and buy high (spread −0.468% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$47 on $10k: about 7.6 days of funding at the current rate (+$6 a day). The two prices were read 46 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	dYdX JUP-USD	0.2947	0.0067	pay 0.0008% / 1h	49m 39s	$39K	$15K	5x
Short	Phoenix JUP	0.2934	0.0272	get 0.0034% / 1h	49m 39s	$105K	$275K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.468%Rate

Funding earned: $43.06
Price spread: −0.468% → 0.000%: −$46.82
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$20.76
Costs to cover: 0.170%
Break-even: 10.4 days

Slippage unknown: dYdX: no order-book sample; Phoenix: live order book, 46 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 Phoenix live order book, 46 min ago	2.57 bp	14.3 bp −$14	29.3 bp −$293	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	−0.3798%	1h	0.2898	−1.679%	$3K	$205K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2942	−0.172%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0240%	4h	0.2942	−0.187%	$15.9M	$17.1M	50x	as long as short
Pacifica JUP	−0.0070%	1h	0.2945	−0.098%	$281K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2944	−0.122%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2948	+0.029%	$16K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2941	−0.219%	—	—	20x	as long as short
dYdX JUP-USDlong	+0.0067%	1h	0.2947	long leg	$39K	$15K	5x
ApeX Omni JUPUSDT	+0.0090%	1h	0.2936	−0.390%	$162K	$249K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2948	+0.027%	$762K	$1.0M	10x	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	+0.0098%	8h	0.2945	−0.079%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2944	−0.127%	$580K	$491K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2948	+0.010%	$18.2M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2945	−0.074%	$103K	$300K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2945	−0.085%	$16.1M	$38.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2947	−0.017%	$4.1M	$10.2M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2947	−0.017%	$701K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2943	−0.153%	$7.2M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2946	−0.051%	$4.0M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2950	+0.085%	$5.8M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2948	+0.017%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2943	−0.156%	$976K	$222K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2946	−0.050%	$712K	$527K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2938	−0.322%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2946	−0.051%	$93K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2943	−0.153%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2935	−0.424%	$112K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2946	−0.051%	$2.9M	$3.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2935	−0.436%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2941	−0.233%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2948	0.000%	$2.2M	$567K	25x	as long as short
01 Exchange JUPUSD	+0.0192%	1h	0.2950	+0.085%	$26K	$2K	5x	as long as short
Phoenix JUPshort	+0.0272%	1h	0.2934	−0.468%	$105K	$275K	10x
Kraken Futures PF_JUPUSD	+0.0278%	1h	0.2944	−0.104%	$579K	$414K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2952	+0.166%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2940	−0.254%	$819K	$377K	50x	as long as short