JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0276%/8h= +30.2% APRnext payment +$0.35 per $10,000 · paid last 24h −0.068%

Price spread now: Bulk against Kraken Futures−0.402%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures Short on Bulk

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

Funding pays, the price is against you. Bulk is 0.402% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.402% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$40 on $10k: about 4.9 days of funding at the current rate (+$8 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JUPUSD	0.2953	−0.0176	get 0.0022% / 1h	26m 34s	$600K	$618K	20x
Short	Bulk JUP-USD	0.2941	0.0100	get 0.0013% / 1h	26m 34s	$57K	$3K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bulk against Kraken Futures. 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 Kraken FuturesbpFee BulkbpOrdersPrice spread, now −0.402%Rate

Funding earned: $57.97
Price spread: −0.402% → 0.000%: −$40.18
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bulk: 3.5 bp × 2 orders: −$7
Net: $0.79
Costs to cover: 0.170%
Break-even: 6.9 days

Slippage unknown: Kraken Futures: live order book, 56 min ago; Bulk: no order-book sample. 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 Kraken Futures live order book, 56 min ago	20.13 bp	28.1 bp −$28	223.8 bp −$2,238	doesn't fit	doesn't fit
Sell Bulk no order-book sample	—	—	—	—	—

Bulk: 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	−0.3508%	1h	0.2911	−1.433%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2952	−0.039%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2950	−0.097%	$281K	$171K	10x	as long as short
Kraken Futures PF_JUPUSDlong	−0.0176%	1h	0.2953	long leg	$600K	$618K	20x
01 Exchange JUPUSD	−0.0072%	1h	0.2952	−0.055%	$26K	$19K	5x	as long as short
Gate JUP_USDT	−0.0020%	4h	0.2949	−0.146%	$741K	$1.9M	75x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2953	−0.007%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2952	−0.061%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0050%	4h	0.2947	−0.214%	$16.1M	$23.4M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2950	−0.100%	—	—	20x	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	+0.0067%	8h	0.2948	−0.195%	$9K	$13K	10x	as long as short
dYdX JUP-USD	+0.0091%	1h	0.2954	+0.009%	$39K	$35K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2951	−0.092%	$791K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2949	−0.155%	$612K	$673K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2957	+0.138%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2951	−0.068%	$106K	$365K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2950	−0.112%	$16.3M	$55.2M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2947	−0.214%	$4.0M	$16.5M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2949	−0.146%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2953	−0.011%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2948	−0.180%	$5.6M	$8.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2948	−0.180%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2954	+0.016%	$977K	$258K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2939	−0.480%	$711K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	−0.093%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2949	−0.146%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2956	+0.094%	$93K	$133K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	−0.011%	$31K	$50K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2942	−0.383%	$110K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2956	+0.091%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USDshort	+0.0100%	1h	0.2941	−0.402%	$57K	$3K	10x
Extended JUP-USD	+0.0104%	1h	0.2947	−0.197%	$2.2M	$503K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2954	+0.012%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0137%	4h	0.2953	−0.011%	$850K	$324K	50x	as long as short
Phoenix JUP	+0.0190%	1h	0.2955	+0.050%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.225%	$74K	$93K	50x	as long as short