Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0330%/8h= −36.2% APRpaid last 24h −0.058%

Price spread now: Pacifica against BingX+0.060%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on BingX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.290%−$29 on $10k

Price spread, last 4 days (all we have)−0.014%−$1 · spread now +0.060%, 7d avg +0.019%

Together, before fees−0.304%+ Points / potential airdropPacifica: Active · farm board−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.041% dearer against BingX than usual: you sell high and buy low (spread +0.060% now, against its 7-day average of +0.019%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 10 hours. At the pace of the last 7 days (−0.290% in total) that is about 24 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JUP-USDT	0.2909	0.0100	pay 0.0050% / 4h	2h 32m	—	$20.6M	—
Short	Pacifica JUP	0.2911	−0.0230	pay 0.0029% / 1h	32m 38s	$277K	$145K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BingX. 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 BingXbpFee PacificabpOrdersPrice spread, now +0.060%Rate

Funding earned: −$69.37
Price spread: +0.060% → +0.019%: $4.14
Slippage, 4 orders: −$19.63
Fee BingX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$102.85
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Pacifica: live order book, 16 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 BingX live order book, 6 min ago	1.71 bp	7.6 bp −$8	12.1 bp −$121	24.9 bp −$2,488	157.6 bp −$78.8K
Sell Pacifica live order book, 16 min ago	3.39 bp	8.2 bp −$8	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	0.2910	+0.034%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2908	−0.018%	$16K	—	100x	as long as short
Pacifica JUPshort	−0.0230%	1h	0.2911	+0.060%	$277K	$145K	10x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2910	+0.021%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2909	+0.010%	—	—	150x	as long as short
dYdX JUP-USD	+0.0015%	1h	0.2910	+0.019%	$38K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2909	−0.007%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2913	+0.151%	$768K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2911	+0.057%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2912	+0.095%	$577K	$492K	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	0.2914	+0.157%	$18.3M	$8.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2911	+0.054%	$108K	$270K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2910	+0.042%	$15.9M	$39.3M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2909	0.000%	$15.7M	$17.8M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2910	+0.034%	$4.0M	$10.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2909	+0.016%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2909	0.000%	$715K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2910	+0.034%	$7.0M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2911	+0.069%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2911	+0.069%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDTlong	+0.0100%	4h	0.2909	long leg	—	$20.6M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2909	+0.017%	$962K	$189K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2917	+0.277%	$712K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2919	+0.354%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2923	+0.481%	$161K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2911	+0.083%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2910	+0.034%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2903	−0.206%	$109K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2907	−0.064%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2912	+0.110%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0168%	1h	0.2910	+0.025%	$2.2M	$524K	25x	as long as short
Phemex JUPUSDT	+0.0184%	4h	0.2913	+0.138%	$2.9M	$3.0M	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0259%	1h	0.2911	+0.066%	$578K	$460K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2921	+0.409%	$99K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2968	+2.021%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2907	−0.069%	$826K	$375K	50x	as long as short