JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0498%/8h= +54.6% APRnext payment +$2.49 per $10,000 · paid last 24h +0.006%

Price spread now: Phemex against Variational Omni+0.757%7-day average +0.177% · you sell dearer than you buy

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

Long on Variational Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.016%+$2 on $10k

Price spread, last 4 days (all we have)−0.471%−$47 · spread now +0.757%, 7d avg +0.177%

Together, before fees−0.455%+ Points / potential airdropVariational Omni: Active · farm board−$46 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Phemex is 0.580% dearer against Variational Omni than usual: you sell high and buy low: +$58 more if the spread goes back to its 7-day average of +0.177%.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.016% in total (about 1.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$2.49 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2909	0.0100	pay 0.0050% / 4h	2h 16m	$706K	$626K	—
Short	Phemex JUPUSDT	0.2931	0.0598	get 0.0299% / 4h	2h 16m	$2.9M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee PhemexbpOrdersPrice spread, now +0.757%Rate

Funding earned: $104.66
Price spread: +0.757% → +0.177%: $57.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Phemex: 6 bp × 2 orders: −$12
Net: $150.65
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 48 min ago; Phemex: live order book, 2 min ago. 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 Variational Omni RFQ quote, 48 min ago	6.78 bp	doesn't fit	37.3 bp −$373	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	3.41 bp	22.2 bp −$22	doesn't fit	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	−0.4499%	1h	0.2882	−0.928%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2927	+0.616%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2926	+0.582%	$279K	$141K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2926	+0.595%	—	—	150x	as long as short
dYdX JUP-USD	+0.0009%	1h	0.2925	+0.565%	$39K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0023%	1h	0.2928	+0.636%	$53K	$17K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2928	+0.655%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2929	+0.688%	$760K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2927	+0.602%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2927	+0.636%	$580K	$494K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2930	+0.708%	$18.1M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2927	+0.607%	$107K	$281K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2927	+0.619%	$16.1M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2925	+0.550%	$15.8M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2927	+0.619%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2899	−0.343%	$60K	$280	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2926	+0.585%	$719K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2926	+0.585%	$6.7M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2927	+0.619%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2927	+0.619%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2926	+0.585%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2925	+0.543%	$966K	$192K	10x	as long as short
Variational Omni JUPlong	+0.0100%	4h	0.2909	long leg	$706K	$626K	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2929	+0.688%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2926	+0.585%	$161K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2930	+0.708%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2927	+0.619%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2918	+0.310%	$110K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2927	+0.603%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2930	+0.715%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0144%	1h	0.2925	+0.558%	$2.2M	$556K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0258%	1h	0.2928	+0.656%	$578K	$464K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2905	−0.130%	$97K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2933	+0.839%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2927	+0.619%	$817K	$376K	50x	as long as short
Phemex JUPUSDTshort	+0.0598%	4h	0.2931	+0.757%	$2.9M	$3.1M	50x