JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0199%/8h= +21.8% APRnext payment +$0.25 per $10,000 · paid last 24h +0.006%

Price spread now: Extended against Kraken Futures−0.059%7-day average −0.179% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$770.765% of the position

Long on Kraken Futures Short on Extended

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)−0.295%−$29 · spread now −0.059%, 7d avg −0.179%

Together, before fees−0.218%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Extended is 0.120% dearer against Kraken Futures than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.179%.

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 +$0.25 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	Kraken Futures PF_JUPUSD	0.2961	0.0009	pay 0.0001% / 1h	8m 46s	$600K	$624K	20x
Short	Extended JUP-USD	0.2959	0.0208	get 0.0026% / 1h	8m 46s	$2.2M	$541K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.059%Rate

Funding earned: $41.87
Price spread: −0.059% → −0.179%: $12.01
Slippage, 4 orders: −$61.54
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$22.66
Costs to cover: 0.765%
Break-even: 10.8 days

Slippage from Kraken Futures: live order book, 14 min ago; Extended: live order book, 5 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 Kraken Futures live order book, 14 min ago	20.13 bp	28.1 bp −$28	223.8 bp −$2,238	doesn't fit	doesn't fit
Sell Extended live order book, 5 min ago	5.04 bp	10.7 bp −$11	doesn't fit	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	0.2934	−0.902%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0894% / S +0.0334%	1h	0.2961	−0.001%	$13K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0189%	1h	0.2962	+0.044%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0119%	4h	0.2958	−0.092%	$16.2M	$24.0M	50x	as long as short
Gate JUP_USDT	−0.0016%	4h	0.2957	−0.125%	$735K	$2.0M	75x	as long as short
01 Exchange JUPUSD	0.0000%	1h	0.2958	−0.088%	$26K	$19K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2963	+0.067%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2961	0.000%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSDlong	+0.0009%	1h	0.2961	long leg	$600K	$624K	20x
dYdX JUP-USD	+0.0029%	1h	0.2961	+0.002%	$39K	$36K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2957	−0.126%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2958	−0.076%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2962	+0.054%	$833K	$1.3M	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2956	−0.145%	$723K	$1.2M	—	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2957	−0.125%	$595K	$665K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.121%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	+0.046%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2959	−0.070%	$282K	$179K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2960	−0.040%	$16.3M	$56.2M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2959	−0.058%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2960	−0.024%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	+0.010%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2959	−0.058%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2959	−0.058%	—	$21.0M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2961	+0.010%	$980K	$266K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2959	−0.065%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2960	−0.024%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2963	+0.084%	$94K	$139K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2962	+0.044%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	−0.328%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2967	+0.212%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	−0.108%	$57K	$3K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2959	−0.075%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0123%	4h	0.2960	−0.024%	$858K	$332K	50x	as long as short
Extended JUP-USDshort	+0.0208%	1h	0.2959	−0.059%	$2.2M	$541K	25x
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.972%	$74K	$95K	50x	as long as short