JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0423%/8h= −46.3% APRnext payment −$0.53 per $10,000 · paid last 24h −0.089%

Price spread now: Pacifica against Kraken Futures+0.042%7-day average −0.098% · you sell dearer than you buy

Net, funding: paid 7d − costs−$166as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$720.720% of the position

Long on Kraken Futures Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.944%−$94 on $10k

Price spread, last 4 days (all we have)−0.442%−$44 · spread now +0.042%, 7d avg −0.098%

Together, before fees−1.386%+ Points / potential airdropPacifica: Active · farm board−$139 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.140% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.042% now, against its 7-day average of −0.098%): +$14 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 26 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JUPUSD	0.2979	0.0199	pay 0.0025% / 1h	17m 42s	$596K	$488K	20x
Short	Pacifica JUP	0.2980	−0.0224	pay 0.0028% / 1h	17m 42s	$284K	$147K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Kraken Futures. 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 Kraken FuturesbpFee PacificabpOrdersPrice spread, now +0.042%Rate

Funding earned: −$88.8
Price spread: +0.042% → −0.098%: $13.98
Slippage, 4 orders: −$53.99
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$146.81
Costs to cover: 0.720%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 45 min ago; Pacifica: live order book, 46 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 Kraken Futures live order book, 45 min ago	13.56 bp	23.4 bp −$23	111.9 bp −$1,119	doesn't fit	doesn't fit
Sell Pacifica live order book, 46 min ago	1.70 bp	8.7 bp −$9	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	0.2941	−1.268%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2975	−0.121%	$16K	—	100x	as long as short
Pacifica JUPshort	−0.0224%	1h	0.2980	+0.042%	$284K	$147K	10x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2978	−0.036%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2977	−0.053%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2975	−0.119%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0067%	4h	0.2978	−0.026%	$16.0M	$19.0M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2983	+0.139%	$788K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2980	+0.033%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2977	−0.051%	$602K	$506K	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	0.2983	+0.142%	$18.9M	$9.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2981	+0.080%	$115K	$290K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2980	+0.042%	$16.4M	$42.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2981	+0.075%	$4.1M	$12.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2958	−0.697%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2979	+0.008%	$744K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2980	+0.042%	$7.4M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2980	+0.042%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2981	+0.075%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2981	+0.075%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2978	−0.022%	$986K	$246K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2977	−0.061%	$727K	$694K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2973	−0.193%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2979	+0.008%	$158K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2980	+0.035%	$94K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2978	−0.026%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2977	−0.059%	$112K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2983	+0.142%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2978	−0.009%	$41K	—	3x	as long as short
dYdX JUP-USD	+0.0109%	1h	0.2977	−0.045%	$39K	$26K	5x	as long as short
Kraken Futures PF_JUPUSDlong	+0.0199%	1h	0.2979	long leg	$596K	$488K	20x
01 Exchange JUPUSD	+0.0208%	1h	0.2984	+0.159%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2978	−0.022%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2979	+0.025%	$98K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2983	+0.142%	$847K	$383K	50x	as long as short
Extended JUP-USD	+0.0408%	1h	0.2980	+0.041%	$2.2M	$495K	25x	as long as short