Spread before costs (cost unknown: a leg has no order-book sample)+0.114%
7d average—if it closes, per $10,000$11funding while held, a day+$3.51
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX JUP/USD [WBTC.b-USDC] | 0.3055 | L +0.0013% / S +0.0021% | pay 0.0002% / 1h | 55m 55s | $12K | — | 100x |
| Short | Phemex JUPUSDT | 0.3058 | 0.0130 | get 0.0065% / 4h | 55m 55s | $3.0M | $3.9M | 50x |
GMX JUP/USD [WBTC.b-USDC]
Phemex JUPUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $11.36
- Funding while held
- $3.51
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$9.13
- Spread needed to break even
- 0.240%
Slippage unknown: GMX: no order-book sample; Phemex: live order book, 4 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0117%
- Per $10,000 a day
- +$3.51
- Average in range /8h
- —
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 Phemex live order book, 4 min ago | 16.35 bp | 35.6 bp −$36 | 82.0 bp −$820 | 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 price on every exchange
against the cheapest. Click to use as the short leg.Variational Omni0.3039cheapestBloFin0.3043+0.131%Phoenix0.3044+0.160%ApeX Omni0.3044+0.164%HTX0.3047+0.262%Nado0.3048+0.303%Bybit0.3049+0.338%Paradex0.3049+0.341%OKX0.3050+0.361%Gate0.3050+0.361%BingX0.3050+0.361%Reya0.3050+0.370%Extended0.3051+0.385%Bitget0.3051+0.394%Coinbase International0.3051+0.394%Bulk0.3052+0.412%Binance0.3052+0.422%Pacifica0.3052+0.425%MEXC0.3053+0.460%KuCoin0.3053+0.460%Orderly0.3053+0.460%Aevo0.3053+0.464%dYdX0.3054+0.477%01 Exchange0.3054+0.483%Aster0.3054+0.493%gTrade (Gains Network)0.3054+0.501%Deribit0.3054+0.506%
Variational Omni
BloFin
Phoenix
ApeX Omni
HTX
Nado
Bybit
Paradex
OKX
Gate
BingX
Reya
Extended
Bitget
Coinbase International
Bulk
Binance
Pacifica
MEXC
KuCoin
Orderly
Aevo
dYdX
Aster
gTrade (Gains Network)
DeribitGMX0.3055+0.510%
Backpack0.3055+0.526%Kraken Futures0.3056+0.563%Lighter0.3056+0.572%Polymarket Perps0.3057+0.605%Hyperliquid0.3058+0.611%
Backpack
Kraken Futures
Lighter
Polymarket Perps
HyperliquidPhemex0.3058+0.624%
Injective0.3079+1.315%
InjectiveJUP on 35 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni JUP | −0.507% | +0.0100% | 4h | $743K | $1.2M | — | as long as short |
| BloFin JUP-USDT | −0.377% | +0.0078% | 4h | $970K | $247K | 50x | as long as short |
| Phoenix JUP | −0.348% | +0.0105% | 1h | $41K | $339K | 10x | as long as short |
| ApeX Omni JUPUSDT | −0.345% | +0.0100% | 1h | $162K | $317K | 50x | as long as short |
| HTX JUP-USDT | −0.247% | +0.0100% | 4h | $117K | $84K | 20x | as long as short |
| Nado JUP-PERP | −0.206% | +0.0100% | 1h | $617K | $600K | 10x | as long as short |
| Bybit JUPUSDT | −0.171% | +0.0100% | 4h | $17.7M | $22.1M | 50x | as long as short |
| Paradex JUP-USD-PERP | −0.168% | +0.0093% | 8h | $10K | $15K | 10x | as long as short |
| OKX JUP-USDT-SWAP | −0.148% | −0.0065% | 4h | $4.4M | $16.1M | 50x | as long as short |
| Gate JUP_USDT | −0.148% | +0.0040% | 4h | $828K | $1.8M | 75x | as long as short |
Show all 35 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX JUP-USDT | −0.148% | +0.0100% | 4h | — | $20.7M | — | as long as short |
| Reya JUPRUSDPERP | −0.139% | +0.0057% | 1h | — | — | 20x | as long as short |
| Extended JUP-USD | −0.125% | +0.0688% | 1h | $2.3M | $323K | 25x | as long as short |
| Bitget JUPUSDT | −0.116% | +0.0100% | 4h | $5.8M | $8.7M | 75x | as long as short |
| Coinbase International JUP-PERP-INTX | −0.116% | +0.0208% | 1h | $81K | $162K | 50x | as long as short |
| Bulk JUP-USD | −0.097% | +0.0100% | 1h | $61K | $3K | 10x | as long as short |
| Binance JUPUSDT | −0.087% | +0.0100% | 4h | $17.6M | $53.2M | 75x | as long as short |
| Pacifica JUP | −0.084% | +0.0056% | 1h | $292K | $181K | 10x | as long as short |
| MEXC JUP_USDT | −0.050% | +0.0100% | 4h | $8.4M | $6.6M | 200x | as long as short |
| KuCoin JUPUSDTM | −0.050% | +0.0100% | 4h | $4.4M | $7.4M | 50x | as long as short |
| Orderly PERP_JUP_USDC | −0.050% | +0.0099% | 4h | $26K | $34K | 10x | as long as short |
| Aevo JUP-PERP | −0.046% | +0.0104% | 1h | $42K | — | 3x | as long as short |
| dYdX JUP-USD | −0.033% | +0.0243% | 1h | $40K | $37K | 5x | as long as short |
| 01 Exchange JUPUSD | −0.027% | −0.0048% | 1h | $27K | $20K | 5x | as long as short |
| Aster JUPUSDT | −0.017% | +0.0100% | 4h | $129K | $354K | 10x | as long as short |
| gTrade (Gains Network) JUP/USD | −0.009% | L +0.0002% / S −0.0001% | 1h | $18K | — | 150x | as long as short |
| Deribit JUP_USDC-PERPETUAL | −0.004% | −0.0241% | 1h | $59K | $13K | 10x | as long as short |
| GMX JUP/USD [WBTC.b-USDC]long | 0.000% | L +0.0013% / S +0.0021% | 1h | $12K | — | 100x | |
| Backpack JUP_USDC_PERP | +0.015% | +0.0100% | 1h | $1.0M | $267K | 10x | as long as short |
| Kraken Futures PF_JUPUSD | +0.053% | +0.0418% | 1h | $653K | $566K | 20x | as long as short |
| Lighter JUP | +0.061% | +0.0096% | 1h | $921K | $1.0M | 10x | as long as short |
| Polymarket Perps JUP-USD | +0.094% | +0.0100% | 1h | $111K | $90K | 10x | as long as short |
| Hyperliquid JUP | +0.101% | +0.0231% | 1h | $20.3M | $12.7M | 10x | as long as short |
| Phemex JUPUSDTshort | +0.114% | +0.0130% | 4h | $3.0M | $3.9M | 50x | |
| Injective JUP/USDC PERP | +0.801% | +0.3440% | 1h | $6K | $9K | 5.5x | as long as short |