Jupiter (JUP) Funding Rate

Jupiter Funding Rate Overview

The Jupiter (JUP) perpetual funding rate is a periodic payment exchanged between long and short holders of JUP perpetual futures contracts, designed to keep the perpetual price anchored to the underlying spot price. When JUP funding is positive, longs pay shorts — signalling bullish leveraged crowding. When negative, shorts pay longs — often during a capitulation or heavy hedging flow. Sharpe aggregates JUP funding rates from 13 exchanges with each exchange's rate normalized to annualized APR (APR = rate × 8,760 / interval_hours) so you can directly compare 1-hour rates from Hyperliquid against 8-hour rates from Binance, Bybit, and OKX.

About Jupiter Perpetual Funding

Jupiter (JUP) perpetual futures see $80M to $200M OI on Binance, Bybit, OKX, and Bitget. Jupiter is the dominant Solana DEX aggregator and one of the largest DEX ecosystems by volume across any chain. JUP funding reflects Solana DEX volume growth and Jupiter-specific ecosystem expansion (Jupiter Perps, Jupiter Mobile, Moonshot, Jupnet). Baseline JUP funding runs 0.005% to 0.02% per 8h. JUP has staking via JupLock (vote-escrow) model providing governance rights but modest yield. JUP's large initial airdrop cliffs (Jan 2024 launch) and subsequent team/investor unlocks create recurring short pressure. JUP correlation with SOL and Solana DEX basket (RAY, ORCA) is high.

How to Read the JUP Funding Rate

JUP funding is Solana DEX aggregation beta. Monitor Jupiter Perps volume, Moonshot growth, and Jupnet cross-chain milestones as fundamental indicators. Jupiter's proposed buyback mechanism (LFG vault fees) is a major narrative catalyst. JUP unlocks continue through 2026. Bybit JUP funding tends to lead Binance during Solana memecoin cycles.

JUP Funding Rate Signals

Use the JUP funding rate as three separate signals. First, as a sentiment indicator: persistent 8-hour rates above 0.03% (~33% APR) often precede Jupiter corrections as leveraged longs crowd. Second, as a carry opportunity: hold long spot + short perp to collect the funding payment while staying delta-neutral — use Sharpe's arbitrage calculator to size the trade. Third, as a cross-exchange divergence signal: when Binance JUP funding diverges meaningfully from OKX or Hyperliquid, the positioning asymmetry often precedes a volatility expansion. Sharpe's funding rate terminal and leaderboard surface these divergences automatically.

Frequently Asked Questions

What is the current Jupiter funding rate?

As of 2026-05-07 03:41 UTC, Jupiter (JUP) is funding at 0.0027% on Binance (8-hour interval, 0.03% annualized). Sharpe tracks 12 venues for JUP — the highest JUP APR right now is 0.11% on BitMEX, the lowest is -0.38% on KuCoin. Open the table on this page for the full live cross-exchange comparison.

Which exchanges have the highest Jupiter funding rate?

As of 2026-05-07 03:41 UTC, the top three JUP funding venues by annualized APR are: BitMEX at 0.11%, Hyperliquid at 0.11%, Bybit at 0.05%. The bottom three (best for paying-side carry) are: KuCoin at -0.38%, HTX at -0.24%, CoinEx at 0.00%. Rankings rotate each settlement window — Sharpe's leaderboard sorts all 5,000+ perpetual pairs across 13 tracked exchanges by current rate or annualized APR.

How is the Jupiter funding rate calculated?

Exchange-calculated funding rates combine three inputs: the premium index (JUP perpetual price minus the spot reference index), the interest rate component (typically fixed at 0.01% per 8 hours), and a clamp function that caps the final rate at ±0.375% on most exchanges. The formula is: funding = clamp(premium_index + interest_rate, ±cap). Different exchanges use slightly different index sources, which explains the cross-venue rate differences.

What is the annualized APR on Jupiter funding?

APR = rate × (8,760 / interval_hours). For 8-hour funding (Binance, Bybit, OKX), a 0.01% rate annualizes to 10.95% APR. For 1-hour funding (Hyperliquid), the same 0.01% rate annualizes to 87.6% APR. Sharpe's table auto-normalizes every JUP funding rate to APR so you can rank yields across exchanges without manual conversion.

Does Jupiter funding rate arbitrage work?

Yes, when rates are high enough to overcome trading fees and execution slippage. The classic trade is long spot JUP + short JUP perp on the same exchange — you earn the funding rate each settlement while staying delta-neutral. Historical BTC and ETH funding rate arbitrage has yielded 10–40% annualized in bull markets. Use Sharpe's arbitrage calculator to size the trade with realistic fee and holding assumptions before execution.

Where does Sharpe get Jupiter funding rate data?

Sharpe fetches JUP funding rates via direct REST API calls to each of the 13 supported exchanges — no third-party aggregator dependency. Rates update on each exchange's settlement schedule (every 1 hour for Hyperliquid and dYdX v4, every 8 hours for Binance, Bybit, OKX, and most others). Historical data is stored for trend analysis and accumulated-carry calculations.