JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0182%/8h= −19.9% APRnext payment −$0.23 per $10,000 · paid last 24h −0.016%

Price spread now: ApeX Omni against Phoenix−0.346%7-day average −0.075% · you buy dearer than you sell

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$620.618% of the position

Long on Phoenix Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)−0.264%−$26 · spread now −0.346%, 7d avg −0.075%

Together, before fees−0.314%−$31 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and ApeX Omni is 0.271% cheaper against Phoenix than usual: you would sell low and buy high (−$27 if the spread goes back to its 7-day average of −0.075%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix JUP	0.2946	0.0272	pay 0.0034% / 1h	48m 44s	$106K	$275K	10x
Short	ApeX Omni JUPUSDT	0.2936	0.0090	get 0.0011% / 1h	48m 44s	$162K	$249K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phoenix. 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 PhoenixbpFee ApeX OmnibpOrdersPrice spread, now −0.346%Rate

Funding earned: −$38.25
Price spread: −0.346% → −0.075%: −$27.12
Slippage, 4 orders: −$44.78
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$127.15
Costs to cover: 0.618%
Break-even: never at this rate

Slippage from Phoenix: live order book, 47 min ago; ApeX Omni: live order book, 48 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 Phoenix live order book, 47 min ago	2.57 bp	14.3 bp −$14	29.2 bp −$292	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 48 min ago	8.59 bp	17.0 bp −$17	103.6 bp −$1,036	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	−0.3798%	1h	0.2898	−1.636%	$3K	$205K	5.5x	as long as short
Bybit JUPUSDT	−0.0279%	4h	0.2942	−0.146%	$15.9M	$17.1M	50x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2945	−0.026%	$16K	—	100x	as long as short
Pacifica JUP	−0.0070%	1h	0.2945	−0.027%	$281K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2946	−0.003%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2947	+0.021%	$16K	—	150x	as long as short
dYdX JUP-USD	+0.0055%	1h	0.2947	+0.044%	$39K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2944	−0.065%	—	—	20x	as long as short
ApeX Omni JUPUSDTshort	+0.0090%	1h	0.2936	−0.346%	$162K	$249K	50x
Lighter JUP	+0.0096%	1h	0.2949	+0.109%	$762K	$1.0M	10x	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	+0.0098%	8h	0.2945	−0.042%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2948	+0.061%	$581K	$492K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2948	+0.058%	$18.2M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2948	+0.045%	$103K	$300K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2946	−0.019%	$16.1M	$38.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2944	−0.075%	$4.1M	$10.2M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2945	−0.041%	$701K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2946	−0.007%	$7.2M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2946	−0.007%	$4.0M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2945	−0.041%	$5.8M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2943	−0.109%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2946	+0.007%	$978K	$222K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2946	−0.006%	$712K	$527K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2938	−0.278%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2949	+0.092%	$93K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2946	−0.007%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2948	+0.061%	$112K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2950	+0.129%	$2.9M	$3.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2935	−0.392%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2943	−0.109%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2944	−0.074%	$2.2M	$567K	25x	as long as short
01 Exchange JUPUSD	+0.0192%	1h	0.2950	+0.129%	$26K	$2K	5x	as long as short
Phoenix JUPlong	+0.0272%	1h	0.2946	long leg	$106K	$275K	10x
Kraken Futures PF_JUPUSD	+0.0278%	1h	0.2947	+0.032%	$580K	$414K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2952	+0.210%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2950	+0.129%	$817K	$377K	50x	as long as short