JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0052%/8h= −5.7% APRnext payment −$0.06 per $10,000 · paid last 24h −0.054%

Price spread now: Deribit against Phoenix−0.324%70s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.262%−$26 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Deribit is 0.324% cheaper against Phoenix than usual: you would sell low and buy high (−$32 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 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	Phoenix JUP	0.2990	0	get 0.0000% / 1h	21m 39s	$95K	$396K	10x
Short	Deribit JUP_USDC-PERPETUAL	0.2981	−0.0052	pay 0.0006% / 1h	21m 39s	$58K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.324%Rate

Funding earned: −$10.89
Price spread: −0.324% → 0.000%: −$32.44
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$57.33
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 26 min ago; Deribit: 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 Phoenix live order book, 26 min ago	2.52 bp	14.4 bp −$14	29.0 bp −$290	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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	−0.4049%	1h	0.3006	+0.525%	$3K	$110K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0608% / S +0.0214%	1h	0.2981	−0.296%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0079%	4h	0.2975	−0.512%	$16.3M	$24.2M	50x	as long as short
Gate JUP_USDT	−0.0070%	4h	0.2977	−0.445%	$747K	$2.0M	75x	as long as short
Deribit JUP_USDC-PERPETUALshort	−0.0052%	1h	0.2981	−0.324%	$58K	$13K	10x
Phoenix JUPlong	0.0000%	1h	0.2990	long leg	$95K	$396K	10x
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2982	−0.291%	$17K	—	150x	as long as short
dYdX JUP-USD	+0.0036%	1h	0.2979	−0.384%	$39K	$41K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2977	−0.444%	—	—	20x	as long as short
BloFin JUP-USDT	+0.0075%	4h	0.2978	−0.411%	$872K	$277K	50x	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	+0.0093%	8h	0.2978	−0.403%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2983	−0.237%	$927K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2980	−0.344%	$31K	$52K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2978	−0.420%	$597K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2984	−0.221%	$19.2M	$14.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2981	−0.326%	$108K	$369K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2978	−0.411%	$284K	$175K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2979	−0.378%	$16.6M	$56.8M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2976	−0.478%	$4.1M	$16.8M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2979	−0.378%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2981	−0.311%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2977	−0.445%	$5.7M	$8.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2977	−0.445%	—	$21.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2980	−0.334%	$988K	$275K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2986	−0.159%	$733K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2983	−0.242%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2983	−0.244%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2983	−0.241%	$94K	$139K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2974	−0.545%	$112K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2985	−0.177%	$2.9M	$4.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2980	−0.344%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2978	−0.428%	$41K	—	3x	as long as short
01 Exchange JUPUSD	+0.0136%	1h	0.2982	−0.294%	$26K	$19K	5x	as long as short
Extended JUP-USD	+0.0192%	1h	0.2975	−0.504%	$2.2M	$542K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2994	+0.117%	$74K	$95K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0286%	1h	0.2982	−0.294%	$604K	$627K	20x	as long as short