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: Backpack against Pacifica+0.157%7-day average +0.027% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

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

Long on Pacifica Short on Backpack

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%−$26 · 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 for this trade now. Funding pays +$7 a day on $10k at the current rate, and Backpack is 0.130% dearer against Pacifica than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.027%.

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

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Pacifica. 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 PacificabpFee BackpackbpOrdersPrice spread, now +0.157%Rate

Funding earned: $47.28
Price spread: +0.157% → +0.027%: $12.98
Slippage, 4 orders: −$22.26
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: $20
Costs to cover: 0.403%
Break-even: 4.0 days

Slippage from Pacifica: live order book, 51 min ago; Backpack: live order book, 52 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 Pacifica live order book, 51 min ago	1.70 bp	12.0 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 52 min ago	1.35 bp	9.1 bp −$9	907.0 bp −$9,070	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	−0.916%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2953	+0.193%	$16K	—	100x	as long as short
Pacifica JUPlong	−0.0125%	1h	0.2947	long leg	$281K	$146K	10x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2952	+0.184%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2952	+0.177%	—	—	150x	as long as short
dYdX JUP-USD	+0.0008%	1h	0.2953	+0.190%	$39K	$24K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2950	+0.112%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2953	+0.212%	$592K	$469K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2950	+0.119%	$779K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2947	+0.012%	$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	+0.086%	$597K	$488K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2951	+0.133%	$18.6M	$9.4M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2952	+0.166%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2948	+0.035%	$16.2M	$40.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2945	−0.081%	$15.8M	$18.1M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2947	+0.001%	$4.0M	$11.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2949	+0.052%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2951	+0.136%	$727K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2949	+0.069%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2949	+0.069%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2949	+0.069%	$5.8M	$5.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2949	+0.069%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERPshort	+0.0100%	1h	0.2952	+0.157%	$975K	$234K	10x
Variational Omni JUP	+0.0100%	4h	0.2958	+0.389%	$722K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2965	+0.611%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	+0.645%	$157K	$251K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2957	+0.340%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2952	+0.170%	$30K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2944	−0.101%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2957	+0.340%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2953	+0.187%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0136%	1h	0.2948	+0.021%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2970	+0.785%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2965	+0.601%	$98K	$304K	10x	as long as short
Extended JUP-USD	+0.0296%	1h	0.2946	−0.019%	$2.2M	$498K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2952	+0.170%	$829K	$375K	50x	as long as short