JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.4147%/8h= −454.1% APRnext payment −$5.18 per $10,000 · paid last 24h −0.276%

Price spread now: Injective against GMX−1.540%7-day average — · you buy dearer than you sell

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

Long on GMX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 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

Both sides work against this trade now: funding costs −$124 a day on $10k at the current rate, and Injective is 1.540% cheaper against GMX than usual: you would sell low and buy high (−$154 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX JUP/USD [WBTC.b-USDC]	0.2979	L −0.0853% / S +0.0321%	get 0.0107% / 1h	20m 59s	$13K	—	100x
Short	Injective JUP/USDC PERP	0.2933	−0.5000	pay 0.0625% / 1h	20m 59s	$3K	$154K	5.5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against GMX. 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 GMXbpFee InjectivebpOrdersPrice spread, now −1.540%Rate

Funding earned: −$870.95
Price spread: −1.540% → 0.000%: −$153.98
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1,036.95
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Injective: live order book, 3 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 GMX no order-book sample	—	—	—	—	—
Sell Injective live order book, 3 min ago	70.66 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

GMX: 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	−0.5000%	1h	0.2933	−1.540%	$3K	$154K	5.5x
GMX JUP/USD [WBTC.b-USDC]long	L −0.0853% / S +0.0321%	1h	0.2979	long leg	$13K	—	100x
Bybit JUPUSDT	−0.0091%	4h	0.2977	−0.063%	$16.3M	$24.1M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0018%	1h	0.2979	−0.002%	$56K	$14K	10x	as long as short
Phoenix JUP	0.0000%	1h	0.2986	+0.249%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2980	+0.044%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2979	+0.020%	$604K	$624K	20x	as long as short
dYdX JUP-USD	+0.0031%	1h	0.2983	+0.134%	$39K	$36K	5x	as long as short
Gate JUP_USDT	+0.0042%	4h	0.2977	−0.063%	$741K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2977	−0.059%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0064%	1h	0.2983	+0.152%	$26K	$19K	5x	as long as short
BloFin JUP-USDT	+0.0067%	4h	0.2981	+0.072%	$858K	$331K	50x	as long as short
Paradex JUP-USD-PERP	+0.0093%	8h	0.2980	+0.038%	$9K	$15K	10x	as long as short
Variational Omni JUP	+0.0094%	4h	0.2982	+0.118%	$728K	$1.2M	—	as long as short
Lighter JUP	+0.0096%	1h	0.2982	+0.088%	$870K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2979	+0.004%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2980	+0.046%	$601K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2982	+0.108%	$19.1M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2980	+0.032%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2981	+0.074%	$284K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2978	−0.029%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2977	−0.063%	$4.1M	$16.8M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2979	+0.004%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2980	+0.038%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2978	−0.029%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2979	+0.004%	—	$21.0M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2979	+0.004%	$987K	$266K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2982	+0.119%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2981	+0.072%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2987	+0.266%	$94K	$138K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2974	−0.163%	$112K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2984	+0.172%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2982	+0.105%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2977	−0.056%	$41K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.357%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0264%	1h	0.2976	−0.092%	$2.2M	$539K	25x	as long as short