JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0225%/8h= −24.7% APRnext payment −$0.28 per $10,000 · paid last 24h −0.048%

Price spread now: Pacifica against Backpack−0.157%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$74as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$400.403% of the position

Long on Backpack Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.334%−$33 on $10k

Price spread, last 4 days (all we have)+0.255%+$25 · spread now −0.157%, 7d avg −0.027%

Together, before fees−0.079%+ Points / potential airdropPacifica: Active · farm board−$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Pacifica is 0.130% cheaper against Backpack than usual: you would sell low and buy high (−$13 if the spread goes back to its 7-day average of −0.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack JUP_USDC_PERP	0.2952	0.0100	pay 0.0013% / 1h	6m 42s	$975K	$234K	10x
Short	Pacifica JUP	0.2947	−0.0125	pay 0.0016% / 1h	6m 42s	$281K	$146K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Backpack. 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 BackpackbpFee PacificabpOrdersPrice spread, now −0.157%Rate

Funding earned: −$47.28
Price spread: −0.157% → −0.027%: −$12.96
Slippage, 4 orders: −$22.26
Fee Backpack: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$100.5
Costs to cover: 0.403%
Break-even: never at this rate

Slippage from Backpack: live order book, 52 min ago; Pacifica: live order book, 51 min ago.

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 Backpack live order book, 52 min ago	1.35 bp	7.5 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 51 min ago	1.70 bp	11.7 bp −$12	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	−0.4661%	1h	0.2920	−1.071%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2953	+0.037%	$16K	—	100x	as long as short
Pacifica JUPshort	−0.0125%	1h	0.2947	−0.157%	$281K	$146K	10x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2952	+0.027%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2952	+0.020%	—	—	150x	as long as short
dYdX JUP-USD	+0.0008%	1h	0.2953	+0.033%	$39K	$24K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2950	−0.045%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2953	+0.055%	$592K	$469K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2950	−0.037%	$779K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2947	−0.144%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2949	−0.071%	$597K	$488K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2951	−0.024%	$18.6M	$9.4M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2952	+0.009%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2948	−0.122%	$16.2M	$40.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2945	−0.237%	$15.8M	$18.1M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2947	−0.156%	$4.0M	$11.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2949	−0.105%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2951	−0.020%	$727K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2949	−0.088%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2949	−0.088%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2949	−0.088%	$5.8M	$5.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2949	−0.088%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERPlong	+0.0100%	1h	0.2952	long leg	$975K	$234K	10x
Variational Omni JUP	+0.0100%	4h	0.2958	+0.232%	$722K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2965	+0.454%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	+0.488%	$157K	$251K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2957	+0.183%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2952	+0.014%	$30K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2944	−0.257%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2957	+0.183%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2953	+0.030%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0136%	1h	0.2948	−0.136%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2970	+0.627%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2965	+0.444%	$98K	$304K	10x	as long as short
Extended JUP-USD	+0.0296%	1h	0.2946	−0.175%	$2.2M	$498K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2952	+0.014%	$829K	$375K	50x	as long as short