JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.11 per $10,000 · paid last 24h −0.009%

Price spread now: BloFin against Phemex−0.169%59s7-day average −0.158% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$750.750% of the position

Long on Phemex Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.269%+$27 on $10k

Price spread, last 3 days (all we have)+0.038%+$4 · spread now −0.169%, 7d avg −0.158%

Together, before fees+0.308%+$31 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.158%, so right now this pair is about funding alone: +$1 a day on $10k at the current rate. The two prices were read 59 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex JUPUSDT	0.2965	0.0100	pay 0.0050% / 4h	2h 07m	$2.9M	$4.1M	50x
Short	BloFin JUP-USDT	0.2960	0.0123	get 0.0061% / 4h	2h 07m	$858K	$332K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Phemex. 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 PhemexbpFee BloFinbpOrdersPrice spread, now −0.169%Rate

Funding earned: $4.82
Price spread: −0.169% → −0.158%: −$1.02
Slippage, 4 orders: −$51.02
Fee Phemex: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$71.22
Costs to cover: 0.750%
Break-even: 110.4 days

Slippage from Phemex: live order book, 6 min ago; BloFin: live order book, 14 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 Phemex live order book, 6 min ago	8.41 bp	24.9 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 14 min ago	1.68 bp	11.6 bp −$12	19.1 bp −$191	66.0 bp −$6,603	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	−1.046%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0894% / S +0.0334%	1h	0.2961	−0.127%	$13K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0189%	1h	0.2961	−0.128%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0119%	4h	0.2957	−0.270%	$16.2M	$24.0M	50x	as long as short
Gate JUP_USDT	−0.0018%	4h	0.2957	−0.270%	$735K	$2.0M	75x	as long as short
01 Exchange JUPUSD	0.0000%	1h	0.2960	−0.182%	$26K	$19K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2963	−0.078%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2962	−0.112%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2959	−0.187%	$600K	$624K	20x	as long as short
dYdX JUP-USD	+0.0028%	1h	0.2961	−0.143%	$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	0.2959	−0.214%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0085%	8h	0.2958	−0.226%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2962	−0.101%	$832K	$1.3M	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2956	−0.289%	$723K	$1.2M	—	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2959	−0.211%	$595K	$665K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	−0.037%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	−0.091%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2959	−0.206%	$282K	$179K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2958	−0.236%	$16.3M	$56.2M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2958	−0.236%	$4.1M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2958	−0.236%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	−0.135%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2957	−0.270%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2958	−0.236%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2961	−0.148%	$980K	$263K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2959	−0.209%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2960	−0.169%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	−0.040%	$94K	$139K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	−0.135%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2952	−0.438%	$111K	$69K	20x	as long as short
Phemex JUPUSDTlong	+0.0100%	4h	0.2965	long leg	$2.9M	$4.1M	50x
Bulk JUP-USD	+0.0100%	1h	0.2957	−0.253%	$57K	$3K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2959	−0.202%	$40K	—	3x	as long as short
BloFin JUP-USDTshort	+0.0123%	4h	0.2960	−0.169%	$858K	$332K	50x
Extended JUP-USD	+0.0200%	1h	0.2958	−0.250%	$2.2M	$541K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.826%	$74K	$95K	50x	as long as short