JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0825%/8h= −90.3% APRnext payment −$1.03 per $10,000 · paid last 24h −0.079%

Price spread now: GMX against Phoenix−0.141%7-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 GMX

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

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and GMX is 0.141% cheaper against Phoenix than usual: you would sell low and buy high (−$14 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix JUP	0.2987	0.0162	pay 0.0020% / 1h	48m 48s	$97K	$479K	10x
Short	GMX JUP/USD [WBTC.b-USDC]	0.2982	L −0.0398% / S +0.0663%	pay 0.0083% / 1h	48m 48s	$15K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now −0.141%Rate

Funding earned: −$173.25
Price spread: −0.141% → 0.000%: −$14.06
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$206.31
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Phoenix: live order book, 28 min ago; GMX: 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, 28 min ago	2.53 bp	14.4 bp −$14	29.0 bp −$290	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.4371%	1h	0.2944	−1.426%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]short	L −0.0398% / S +0.0663%	1h	0.2982	−0.141%	$15K	—	100x
Kraken Futures PF_JUPUSD	−0.0208%	1h	0.2982	−0.148%	$602K	$621K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2982	−0.154%	$284K	$169K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2981	−0.181%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2982	−0.138%	$17K	—	150x	as long as short
BloFin JUP-USDT	+0.0053%	4h	0.2980	−0.221%	$846K	$330K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2980	−0.234%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0068%	4h	0.2980	−0.234%	$16.3M	$23.0M	50x	as long as short
Gate JUP_USDT	+0.0070%	4h	0.2980	−0.221%	$749K	$1.8M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0080%	1h	0.2984	−0.070%	$26K	$19K	5x	as long as short
Paradex JUP-USD-PERP	+0.0083%	8h	0.2980	−0.205%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2984	−0.087%	$800K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2981	−0.171%	$615K	$663K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2984	−0.099%	$109K	$363K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2982	−0.151%	$16.4M	$53.9M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2978	−0.288%	$4.1M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2983	−0.133%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2983	−0.121%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2984	−0.087%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2982	−0.154%	$5.9M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2980	−0.221%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2982	−0.157%	$987K	$246K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2978	−0.284%	$718K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2983	−0.132%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2982	−0.154%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2988	+0.044%	$94K	$129K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2981	−0.188%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2974	−0.422%	$112K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2986	−0.020%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2979	−0.250%	$41K	—	3x	as long as short
dYdX JUP-USD	+0.0115%	1h	0.2981	−0.172%	$39K	$34K	5x	as long as short
Phoenix JUPlong	+0.0162%	1h	0.2987	long leg	$97K	$479K	10x
Hyperliquid JUP	+0.0185%	1h	0.2988	+0.040%	$19.2M	$13.2M	10x	as long as short
Extended JUP-USD	+0.0224%	1h	0.2981	−0.189%	$2.2M	$506K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2987	+0.007%	$74K	$95K	50x	as long as short