JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0299%/8h= +32.7% APRnext payment +$0.37 per $10,000 · paid last 24h +0.047%

Price spread now: Nado against Pacifica−0.061%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Pacifica Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.076%+$8 on $10k

Price spread, last 3 days (all we have)+0.375%+$38 · spread now −0.061%, 7d avg −0.014%

Together, before fees+0.452%+ Points / potential airdropPacifica: Active · Nado: Active · farm board+$45 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.047% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.014%). If the spread goes back, that is −$5 on $10k: about 13 hours of funding at the current rate (+$9 a day). At the pace of the last 3 days (+0.076% in total) that is about 47 hours.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.076% in total (about 8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.37 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica JUP	0.2968	−0.0199	get 0.0025% / 1h	11m 18s	$283K	$165K	10x
Short	Nado JUP-PERP	0.2966	0.0100	get 0.0012% / 1h	11m 18s	$614K	$649K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.061%Rate

Funding earned: $62.71
Price spread: −0.061% → −0.014%: −$4.69
Slippage, 4 orders: −$24.61
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $18.42
Costs to cover: 0.396%
Break-even: 4.9 days

Slippage from Pacifica: live order book, 2 min ago; Nado: live order book, 2 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, 2 min ago	1.69 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 2 min ago	2.19 bp	9.0 bp −$9	41.8 bp −$418	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	−0.4371%	1h	0.2938	−1.021%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2968	−0.013%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2968	−0.012%	$598K	$591K	20x	as long as short
Pacifica JUPlong	−0.0199%	1h	0.2968	long leg	$283K	$165K	10x
Bybit JUPUSDT	−0.0064%	4h	0.2966	−0.088%	$16.1M	$22.1M	50x	as long as short
01 Exchange JUPUSD	−0.0024%	1h	0.2966	−0.085%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0020%	1h	0.2967	−0.044%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2968	+0.006%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0042%	4h	0.2966	−0.078%	$739K	$1.8M	75x	as long as short
Variational Omni JUP	+0.0044%	4h	0.2964	−0.160%	$718K	$777K	—	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	0.2965	−0.118%	—	—	20x	as long as short
dYdX JUP-USD	+0.0057%	1h	0.2972	+0.109%	$39K	$33K	5x	as long as short
OKX JUP-USDT-SWAP	+0.0059%	4h	0.2965	−0.112%	$4.0M	$16.1M	50x	as long as short
Paradex JUP-USD-PERP	+0.0084%	8h	0.2967	−0.051%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2971	+0.077%	$794K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2967	−0.044%	$31K	$48K	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2966	−0.061%	$614K	$649K	10x
Hyperliquid JUP	+0.0100%	1h	0.2972	+0.124%	$19.1M	$13.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2970	+0.057%	$115K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2967	−0.061%	$16.3M	$52.0M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2975	+0.229%	$62K	$10K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2969	+0.023%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2970	+0.057%	$4.2M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2968	−0.011%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2966	−0.078%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2970	+0.046%	$983K	$235K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2970	+0.057%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2967	−0.044%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2975	+0.212%	$94K	$120K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2964	−0.146%	$111K	$62K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2973	+0.158%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2965	−0.112%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0143%	4h	0.2969	+0.023%	$846K	$304K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2971	+0.100%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0168%	1h	0.2964	−0.131%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	+0.326%	$74K	$91K	50x	as long as short