Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0523%/8h= −57.3% APRpaid last 24h −0.072%

Price spread now: Pacifica against BloFin+0.067%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$107as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on BloFin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.604%−$60 on $10k

Price spread, last 4 days (all we have)−0.103%−$10 · spread now +0.067%, 7d avg +0.006%

Together, before fees−0.707%+ Points / potential airdropPacifica: Active · farm board−$71 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.061% dearer against BloFin than usual: you sell high and buy low (spread +0.067% now, against its 7-day average of +0.006%): +$6 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin JUP-USDT	0.2951	0.0340	pay 0.0170% / 4h	3h 33m	$833K	$375K	50x
Short	Pacifica JUP	0.2953	−0.0183	pay 0.0023% / 1h	33m 18s	$281K	$146K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against BloFin. 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 BloFinbpFee PacificabpOrdersPrice spread, now +0.067%Rate

Funding earned: −$109.84
Price spread: +0.067% → +0.006%: $6.1
Slippage, 4 orders: −$26.41
Fee BloFin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$150.15
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from BloFin: live order book, 63 min ago; Pacifica: live order book, 20 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 BloFin live order book, 63 min ago	3.41 bp	13.7 bp −$14	26.1 bp −$261	116.8 bp −$11.7K	doesn't fit
Sell Pacifica live order book, 20 min ago	1.68 bp	10.4 bp −$10	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	−0.5000%	1h	0.2918	−1.118%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2956	+0.155%	$16K	—	100x	as long as short
Pacifica JUPshort	−0.0183%	1h	0.2953	+0.067%	$281K	$146K	10x
Backpack JUP_USDC_PERP	−0.0016%	1h	0.2950	−0.017%	$975K	$187K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2954	+0.118%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2957	+0.197%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2955	+0.142%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2954	+0.118%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2958	+0.244%	$780K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2954	+0.094%	$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	0.2954	+0.119%	$598K	$488K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2957	+0.217%	$18.6M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2955	+0.141%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2955	+0.129%	$16.2M	$40.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2953	+0.068%	$15.9M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2955	+0.136%	$4.0M	$11.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2954	+0.102%	$733K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2955	+0.136%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2954	+0.102%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	+0.169%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2955	+0.136%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2951	−0.001%	$721K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2957	+0.189%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2955	+0.136%	$163K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2958	+0.234%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2956	+0.169%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2946	−0.169%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2958	+0.237%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	+0.102%	$61K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2954	+0.119%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0168%	1h	0.2957	+0.217%	$26K	$17K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2959	+0.270%	$592K	$467K	20x	as long as short
Phoenix JUP	+0.0216%	1h	0.2955	+0.142%	$97K	$283K	10x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2954	+0.115%	$2.2M	$498K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2961	+0.329%	$75K	$50K	50x	as long as short
BloFin JUP-USDTlong	+0.0340%	4h	0.2951	long leg	$833K	$375K	50x