JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0232%/8h= −25.5% APRnext payment −$0.29 per $10,000 · paid last 24h −0.036%

Price spread now: Kraken Futures against Extended+0.096%7-day average +0.175% · you sell dearer than you buy

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$730.734% of the position

Long on Extended Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)+0.491%+$49 · spread now +0.096%, 7d avg +0.175%

Together, before fees+0.414%+ Points / potential airdropExtended: Active · farm board+$41 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Kraken Futures is 0.080% cheaper against Extended than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.175%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.077% in total (about -4.0% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.29 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	Extended JUP-USD	0.2965	0.0432	pay 0.0054% / 1h	11m 59s	$2.2M	$497K	25x
Short	Kraken Futures PF_JUPUSD	0.2968	0.0200	get 0.0025% / 1h	11m 59s	$594K	$488K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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 ExtendedbpFee Kraken FuturesbpOrdersPrice spread, now +0.096%Rate

Funding earned: −$48.82
Price spread: +0.096% → +0.175%: −$7.96
Slippage, 4 orders: −$58.39
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$130.17
Costs to cover: 0.734%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Kraken Futures: live order book, 51 min ago.

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 Extended live order book, 2 min ago	6.72 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 51 min ago	13.56 bp	25.2 bp −$25	57.6 bp −$576	doesn't fit	doesn't fit

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	0.2941	−0.826%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2967	+0.063%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2970	+0.145%	$283K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2968	+0.098%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2969	+0.126%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2966	+0.033%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0083%	4h	0.2966	+0.017%	$15.9M	$19.0M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2970	+0.138%	$784K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2969	+0.122%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2968	+0.101%	$600K	$503K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2969	+0.132%	$18.8M	$9.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2970	+0.152%	$115K	$288K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2967	+0.034%	$16.3M	$42.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2966	+0.017%	$4.1M	$12.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2977	+0.388%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2968	+0.085%	$742K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2967	+0.051%	$7.4M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2967	+0.051%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2967	+0.051%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2966	+0.017%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2967	+0.041%	$982K	$247K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2978	+0.436%	$727K	$694K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2981	+0.523%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2980	+0.489%	$158K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2971	+0.196%	$94K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2968	+0.085%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2969	+0.118%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2975	+0.321%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2967	+0.034%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0126%	1h	0.2972	+0.233%	$39K	$26K	5x	as long as short
Kraken Futures PF_JUPUSDshort	+0.0200%	1h	0.2968	+0.096%	$594K	$488K	20x
01 Exchange JUPUSD	+0.0208%	1h	0.2971	+0.189%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2972	+0.223%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2986	+0.685%	$98K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2969	+0.118%	$644K	$387K	50x	as long as short
Extended JUP-USDlong	+0.0432%	1h	0.2965	long leg	$2.2M	$497K	25x