JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0488%/8h= +53.4% APRnext payment +$0.61 per $10,000 · paid last 24h +0.085%

Price spread now: Kraken Futures against Pacifica+0.069%7-day average +0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$770.770% of the position

Long on Pacifica Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.948%+$95 on $10k

Price spread, last 4 days (all we have)+0.146%+$15 · spread now +0.069%, 7d avg +0.093%

Together, before fees+1.093%+ Points / potential airdropPacifica: Active · farm board+$109 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.024% cheaper against Pacifica than usual: you would sell low and buy high (spread +0.069% now, against its 7-day average of +0.093%). If the spread goes back, that is −$2 on $10k: about 4 hours of funding at the current rate (+$15 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica JUP	0.2932	−0.0230	get 0.0029% / 1h	41m 58s	$279K	$146K	10x
Short	Kraken Futures PF_JUPUSD	0.2934	0.0257	get 0.0032% / 1h	41m 58s	$582K	$458K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.069%Rate

Funding earned: $102.41
Price spread: +0.069% → +0.093%: −$2.36
Slippage, 4 orders: −$59.05
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $23
Costs to cover: 0.770%
Break-even: 5.4 days

Slippage from Pacifica: live order book, 6 min ago; Kraken Futures: live order book, 6 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, 6 min ago	3.39 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 6 min ago	20.33 bp	27.7 bp −$28	108.2 bp −$1,082	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	−0.4499%	1h	0.2910	−0.762%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2932	−0.005%	$16K	—	100x	as long as short
Pacifica JUPlong	−0.0230%	1h	0.2932	long leg	$279K	$146K	10x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2933	+0.016%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2932	+0.001%	—	—	150x	as long as short
dYdX JUP-USD	+0.0024%	1h	0.2936	+0.109%	$38K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2929	−0.110%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2936	+0.115%	$774K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2932	−0.029%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2932	−0.020%	$591K	$487K	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	0.2936	+0.111%	$18.4M	$8.8M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2934	+0.047%	$108K	$270K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2933	+0.014%	$16.1M	$39.3M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2930	−0.073%	$15.8M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2932	−0.012%	$4.1M	$10.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2938	+0.193%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2933	+0.023%	$730K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2932	−0.012%	$7.3M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2933	+0.023%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2932	−0.012%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2932	−0.012%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2932	+0.002%	$971K	$188K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2940	+0.261%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2941	+0.295%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2944	+0.398%	$162K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2933	+0.026%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2932	−0.012%	$30K	$26K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2924	−0.284%	$110K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2939	+0.227%	$2.9M	$3.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2933	+0.009%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0168%	1h	0.2933	+0.040%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0192%	1h	0.2930	−0.080%	$2.2M	$505K	25x	as long as short
Kraken Futures PF_JUPUSDshort	+0.0257%	1h	0.2934	+0.069%	$582K	$458K	20x
Phoenix JUP	+0.0271%	1h	0.2951	+0.630%	$99K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2968	+1.209%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2935	+0.091%	$829K	$376K	50x	as long as short