Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0299%/8h= +32.7% APRpaid last 24h +0.047%

Price spread now: Binance against Pacifica+0.008%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.223%+$22 on $10k

Price spread, last 4 days (all we have)−0.008%−$1 · spread now +0.008%, 7d avg +0.002%

Together, before fees+0.216%+ Points / potential airdropPacifica: Active · farm board+$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: +$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica JUP	0.2986	−0.0199	get 0.0025% / 1h	37m 31s	$284K	$168K	10x
Short	Binance JUPUSDT	0.2986	0.0100	get 0.0050% / 4h	37m 31s	$16.4M	$53.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.008%Rate

Funding earned: $62.71
Price spread: +0.008% → +0.002%: $0.6
Slippage, 4 orders: −$24.51
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: $20.8
Costs to cover: 0.425%
Break-even: 4.7 days

Slippage from Pacifica: live order book, 41 min ago; Binance: live order book, 5 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, 41 min ago	1.69 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 5 min ago	1.67 bp	12.1 bp −$12	26.7 bp −$267	136.4 bp −$13.6K	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	−0.4371%	1h	0.2950	−1.205%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0339% / S +0.0663%	1h	0.2986	+0.007%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0208%	1h	0.2988	+0.065%	$602K	$614K	20x	as long as short
Pacifica JUPlong	−0.0199%	1h	0.2986	long leg	$284K	$168K	10x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2987	+0.020%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2988	+0.051%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0008%	4h	0.2983	−0.100%	$16.3M	$22.9M	50x	as long as short
Gate JUP_USDT	+0.0052%	4h	0.2984	−0.067%	$748K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2984	−0.070%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0072%	1h	0.2990	+0.138%	$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
dYdX JUP-USD	+0.0080%	1h	0.2987	+0.021%	$39K	$34K	5x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2986	−0.013%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2989	+0.094%	$800K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2987	+0.034%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2986	+0.009%	$616K	$663K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2988	+0.059%	$116K	$363K	10x	as long as short
Binance JUPUSDTshort	+0.0100%	4h	0.2986	+0.008%	$16.4M	$53.7M	75x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2983	−0.100%	$4.1M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2985	−0.033%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2986	0.000%	$8.2M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2988	+0.067%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2987	+0.034%	$5.9M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2987	+0.034%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2987	+0.034%	$988K	$244K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2983	−0.096%	$722K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2989	+0.095%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2988	+0.067%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2991	+0.154%	$95K	$129K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2979	−0.234%	$112K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2993	+0.235%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2983	−0.097%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0158%	4h	0.2985	−0.033%	$848K	$330K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2993	+0.218%	$97K	$479K	10x	as long as short
Hyperliquid JUP	+0.0179%	1h	0.2992	+0.185%	$19.2M	$13.1M	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.483%	$75K	$95K	50x	as long as short
Extended JUP-USD	+0.0264%	1h	0.2986	0.000%	$2.2M	$507K	25x	as long as short