Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0456%/8h= −49.9% APRpaid last 24h −0.051%

Price spread now: Pacifica against HTX+0.379%7-day average +0.218% · you sell dearer than you buy

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs−$243as in the Price arb table

costs, in and out, $10k−$2592.587% of the position

Long on HTX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.295%−$30 on $10k

Price spread, last 3 days (all we have)−0.209%−$21 · spread now +0.379%, 7d avg +0.218%

Together, before fees−0.505%+ Points / potential airdropPacifica: Active · farm board−$50 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.161% dearer against HTX than usual: you sell high and buy low (spread +0.379% now, against its 7-day average of +0.218%): +$16 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 28 hours. At the pace of the last 7 days (−0.295% in total) that is about 3.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.295% in total (about -15.4% a year). A funding rate is set anew for every payment. 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	HTX JUP-USDT	0.2979	0.0100	pay 0.0050% / 4h	3h 49m	$112K	$62K	20x
Short	Pacifica JUP	0.2990	−0.0356	pay 0.0044% / 1h	49m 25s	$285K	$150K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against HTX. 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 HTXbpFee PacificabpOrdersPrice spread, now +0.379%Rate

Funding earned: −$95.69
Price spread: +0.379% → +0.218%: $16.09
Slippage, 4 orders: −$238.73
Fee HTX: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$338.34
Costs to cover: 2.587%
Break-even: never at this rate

Slippage from HTX: live order book, 21 min ago; Pacifica: live order book, 24 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 HTX live order book, 21 min ago	18.55 bp	124.0 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 24 min ago	1.69 bp	9.7 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	−0.4634%	1h	0.2959	−0.671%	$3K	$206K	5.5x	as long as short
Pacifica JUPshort	−0.0356%	1h	0.2990	+0.379%	$285K	$150K	10x
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2992	+0.434%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.2984	+0.158%	$601K	$546K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2983	+0.131%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2993	+0.468%	$17K	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0030%	4h	0.2989	+0.336%	$4.1M	$16.1M	50x	as long as short
Bybit JUPUSDT	+0.0038%	4h	0.2989	+0.336%	$16.3M	$21.6M	50x	as long as short
dYdX JUP-USD	+0.0049%	1h	0.2992	+0.420%	$39K	$32K	5x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2994	+0.514%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0057%	4h	0.2989	+0.337%	$724K	$776K	—	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2989	+0.337%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0085%	8h	0.2991	+0.403%	$9K	$13K	10x	as long as short
ApeX Omni JUPUSDT	+0.0095%	1h	0.2988	+0.302%	$159K	$319K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2993	+0.457%	$789K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2984	+0.168%	$31K	$47K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2992	+0.420%	$621K	$642K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2995	+0.551%	$19.2M	$12.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2994	+0.490%	$116K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2991	+0.394%	$16.5M	$51.1M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2979	0.000%	$62K	$9K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2990	+0.369%	$744K	$1.5M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2990	+0.369%	$8.1M	$7.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2993	+0.470%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2992	+0.436%	$5.8M	$7.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2991	+0.403%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2983	+0.144%	$987K	$232K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2992	+0.436%	$1.7M	$3.7M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2997	+0.598%	$95K	$119K	10x	as long as short
HTX JUP-USDTlong	+0.0100%	4h	0.2979	long leg	$112K	$62K	20x
Aevo JUP-PERP	+0.0104%	1h	0.2980	+0.050%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0120%	1h	0.2991	+0.399%	$2.2M	$494K	25x	as long as short
BloFin JUP-USDT	+0.0126%	4h	0.2990	+0.369%	$844K	$310K	50x	as long as short
Phoenix JUP	+0.0214%	1h	0.2991	+0.403%	$97K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2996	+0.577%	$75K	$88K	50x	as long as short
Phemex JUPUSDT	+0.0453%	4h	0.2988	+0.302%	$2.9M	$3.8M	50x	as long as short