After costs, if the gap returns to its 7d average, $10k−$79
spread now+0.308%7d average+0.062%fees + slippage, in and out−$104spread needed1.035%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix JUP | 0.3021 | 0.0105 | pay 0.0013% / 1h | 50m 10s | $40K | $339K | 10x |
| Short | Phemex JUPUSDT | 0.3030 | 0.0100 | get 0.0050% / 4h | 1h 50m | $3.0M | $3.8M | 50x |
Phoenix JUP
Phemex JUPUSDTPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $30.79
- Funding while held
- −$0.16
- Slippage, 4 orders
- −$84.51
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$72.88
- Spread needed to break even
- 1.035%
Slippage from Phoenix: live order book, 59 min ago; Phemex: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0005%
- Per $10,000 a day
- −$0.16
- Average in range /8h
- —
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, 59 min ago | 2.46 bp | 14.4 bp −$14 | 29.2 bp −$292 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 18.04 bp | 41.1 bp −$41 | 96.1 bp −$961 | doesn't fit | doesn't fit |
JUP price on every exchange
against the cheapest. Click to use as the short leg.Injective0.3003cheapestApeX Omni0.3013+0.333%OKX0.3016+0.433%Bybit0.3018+0.493%Bitget0.3019+0.533%Backpack0.3019+0.549%BingX0.3020+0.566%
Injective
ApeX Omni
OKX
Bybit
Bitget
Backpack
BingXPhoenix0.3021+0.589%
Extended0.3021+0.595%Gate0.3022+0.633%MEXC0.3022+0.633%KuCoin0.3022+0.633%Variational Omni0.3022+0.640%Aevo0.3023+0.649%Binance0.3023+0.659%Nado0.3023+0.666%Hyperliquid0.3023+0.666%Orderly0.3023+0.666%Kraken Futures0.3023+0.674%Deribit0.3024+0.696%Lighter0.3025+0.723%Reya0.3025+0.740%GMX0.3025+0.744%Aster0.3025+0.748%gTrade (Gains Network)0.3026+0.779%HTX0.3027+0.799%BloFin0.3028+0.833%
Extended
Gate
MEXC
KuCoin
Variational Omni
Aevo
Binance
Nado
Hyperliquid
Orderly
Kraken Futures
Deribit
Lighter
Reya
GMX
Aster
gTrade (Gains Network)
HTX
BloFinPhemex0.3030+0.899%
Pacifica0.3031+0.932%dYdX0.3032+0.973%Paradex0.3033+0.986%Coinbase International0.3033+0.999%Bulk0.3034+1.032%Polymarket Perps0.3034+1.032%
Pacifica
dYdX
Paradex
Coinbase International
Bulk
Polymarket PerpsJUP on 34 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective JUP/USDC PERP | −0.586% | −0.4448% | 1h | $3K | $63K | 5.5x | as long as short |
| ApeX Omni JUPUSDT | −0.255% | +0.0100% | 1h | $167K | $314K | 50x | as long as short |
| OKX JUP-USDT-SWAP | −0.156% | −0.0015% | 4h | $4.4M | $15.7M | 50x | as long as short |
| Bybit JUPUSDT | −0.096% | +0.0100% | 4h | $17.5M | $21.1M | 50x | as long as short |
| Bitget JUPUSDT | −0.056% | +0.0100% | 4h | $5.8M | $8.7M | 75x | as long as short |
| Backpack JUP_USDC_PERP | −0.040% | +0.0100% | 1h | $998K | $262K | 10x | as long as short |
| BingX JUP-USDT | −0.023% | +0.0100% | 4h | — | $20.9M | — | as long as short |
| Phoenix JUPlong | 0.000% | +0.0105% | 1h | $40K | $339K | 10x | |
| Extended JUP-USD | +0.006% | +0.0680% | 1h | $2.3M | $300K | 25x | as long as short |
| Gate JUP_USDT | +0.043% | +0.0094% | 4h | $833K | $1.8M | 75x | as long as short |
Show all 34 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC JUP_USDT | +0.043% | +0.0100% | 4h | $8.6M | $6.8M | 200x | as long as short |
| KuCoin JUPUSDTM | +0.043% | +0.0100% | 4h | $4.3M | $7.3M | 50x | as long as short |
| Variational Omni JUP | +0.051% | +0.0100% | 4h | $732K | $1.2M | — | as long as short |
| Aevo JUP-PERP | +0.060% | +0.0104% | 1h | $41K | — | 3x | as long as short |
| Binance JUPUSDT | +0.070% | +0.0100% | 4h | $17.8M | $51.8M | 75x | as long as short |
| Nado JUP-PERP | +0.076% | +0.0100% | 1h | $602K | $587K | 10x | as long as short |
| Hyperliquid JUP | +0.076% | +0.0653% | 1h | $20.3M | $12.4M | 10x | as long as short |
| Orderly PERP_JUP_USDC | +0.076% | +0.0097% | 4h | $25K | $34K | 10x | as long as short |
| Kraken Futures PF_JUPUSD | +0.085% | +0.0584% | 1h | $650K | $569K | 20x | as long as short |
| Deribit JUP_USDC-PERPETUAL | +0.106% | −0.0014% | 1h | $57K | $11K | 10x | as long as short |
| Lighter JUP | +0.132% | +0.0504% | 1h | $996K | $895K | 10x | as long as short |
| Reya JUPRUSDPERP | +0.150% | +0.0057% | 1h | — | — | 20x | as long as short |
| GMX JUP/USD [WBTC.b-USDC] | +0.154% | L +0.0075% / S +0.0011% | 1h | $11K | — | 100x | as long as short |
| Aster JUPUSDT | +0.158% | +0.0100% | 4h | $108K | $330K | 10x | as long as short |
| gTrade (Gains Network) JUP/USD | +0.188% | L +0.0002% / S −0.0001% | 1h | $18K | — | 150x | as long as short |
| HTX JUP-USDT | +0.209% | +0.0100% | 4h | $116K | $84K | 20x | as long as short |
| BloFin JUP-USDT | +0.242% | +0.0067% | 4h | $976K | $263K | 50x | as long as short |
| Phemex JUPUSDTshort | +0.308% | +0.0100% | 4h | $3.0M | $3.8M | 50x | |
| Pacifica JUP | +0.341% | −0.0120% | 1h | $290K | $158K | 10x | as long as short |
| dYdX JUP-USD | +0.381% | +0.3357% | 1h | $40K | $37K | 5x | as long as short |
| Paradex JUP-USD-PERP | +0.394% | +0.0096% | 8h | $10K | $15K | 10x | as long as short |
| Coinbase International JUP-PERP-INTX | +0.407% | +0.0312% | 1h | $81K | $155K | 50x | as long as short |
| Bulk JUP-USD | +0.440% | +0.0100% | 1h | $60K | $3K | 10x | as long as short |
| Polymarket Perps JUP-USD | +0.440% | +0.0104% | 1h | $110K | $91K | 10x | as long as short |