Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.043%

Price spread now: KuCoin against Pacifica−0.124%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$111as in the Price arb table

costs, in and out, $10k−$960.961% of the position

Long on Pacifica Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.192%+$19 on $10k

Price spread, last 4 days (all we have)+0.049%+$5 · spread now −0.124%, 7d avg +0.029%

Together, before fees+0.241%+ Points / potential airdropPacifica: Active · farm board+$24 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.153% cheaper against Pacifica than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica JUP	0.2967	0.0100	pay 0.0013% / 1h	39m 02s	$283K	$183K	10x
Short	KuCoin JUPUSDTM	0.2963	0.0100	get 0.0050% / 4h	2h 39m	$4.5M	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.124%Rate

Funding earned: $0
Price spread: −0.124% → +0.029%: −$15.29
Slippage, 4 orders: −$76.08
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$111.37
Costs to cover: 0.961%
Break-even: never at this rate

Slippage from Pacifica: live order book, 49 min ago; KuCoin: live order book, 4 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, 49 min ago	1.67 bp	13.6 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	1.68 bp	30.1 bp −$30	95.7 bp −$957	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	0.2929	−1.270%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0751% / S +0.0259%	1h	0.2961	−0.199%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0344%	4h	0.2957	−0.317%	$16.2M	$24.2M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0256%	1h	0.2960	−0.222%	$56K	$14K	10x	as long as short
Gate JUP_USDT	−0.0002%	4h	0.2962	−0.158%	$739K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2971	+0.159%	$94K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2963	−0.134%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2960	−0.230%	$601K	$623K	20x	as long as short
dYdX JUP-USD	+0.0013%	1h	0.2970	+0.109%	$39K	$36K	5x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2962	−0.145%	$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
Reya JUPRUSDPERP	+0.0057%	1h	0.2958	−0.298%	—	—	20x	as long as short
Backpack JUP_USDC_PERP	+0.0067%	1h	0.2959	−0.256%	$981K	$268K	10x	as long as short
BloFin JUP-USDT	+0.0085%	4h	0.2962	−0.158%	$863K	$328K	50x	as long as short
Variational Omni JUP	+0.0089%	4h	0.2965	−0.056%	$725K	$1.2M	—	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2966	−0.012%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2962	−0.155%	$891K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2962	−0.158%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2960	−0.226%	$597K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2963	−0.131%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2963	−0.113%	$107K	$366K	10x	as long as short
Pacifica JUPlong	+0.0100%	1h	0.2967	long leg	$283K	$183K	10x
Binance JUPUSDT	+0.0100%	4h	0.2957	−0.318%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2958	−0.293%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	−0.259%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2963	−0.124%	$4.5M	$7.2M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2956	−0.360%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2959	−0.259%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2970	+0.100%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	−0.023%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	−0.097%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2960	−0.226%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2967	+0.010%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	−0.040%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	−0.332%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2958	−0.288%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.708%	$74K	$95K	50x	as long as short