Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0224%/8h= +24.5% APRpaid last 24h +0.058%

Price spread now: Paradex against Pacifica−0.143%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Pacifica Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPacifica: Active · Paradex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.143% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.143% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 2.1 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica JUP	0.2958	−0.0125	get 0.0016% / 1h	54m 07s	$282K	$147K	10x
Short	Paradex JUP-USD-PERP	0.2954	0.0099	get 0.0099% / 8h	4h 54m	$9K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.143%Rate

Funding earned: $47.01
Price spread: −0.143% → 0.000%: −$14.33
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: $20.69
Costs to cover: 0.120%
Break-even: 3.9 days

Slippage unknown: Pacifica: live order book, 4 min ago; Paradex: no order-book sample. Net counts fees only.

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, 4 min ago	1.70 bp	12.0 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2910	−1.614%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2951	−0.215%	$16K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0190%	1h	0.2951	−0.241%	$54K	$16K	10x	as long as short
Pacifica JUPlong	−0.0125%	1h	0.2958	long leg	$282K	$147K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	−0.167%	—	—	150x	as long as short
dYdX JUP-USD	+0.0003%	1h	0.2960	+0.093%	$39K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	−0.227%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2952	−0.197%	$590K	$489K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2954	−0.133%	$781K	$1.0M	10x	as long as short
Paradex JUP-USD-PERPshort	+0.0099%	8h	0.2954	−0.143%	$9K	$11K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2954	−0.126%	$596K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2953	−0.150%	$18.7M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2955	−0.107%	$114K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2949	−0.295%	$16.2M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2949	−0.299%	$15.8M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2949	−0.295%	$4.0M	$12.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	−0.025%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2954	−0.126%	$733K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2949	−0.295%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2954	−0.126%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2950	−0.262%	$5.7M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2952	−0.194%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2950	−0.275%	$978K	$249K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2960	+0.077%	$722K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	−0.077%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2945	−0.431%	$156K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2955	−0.082%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2951	−0.228%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2953	−0.160%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2955	−0.093%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	−0.243%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2955	−0.106%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2960	+0.093%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2949	−0.306%	$98K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2961	+0.110%	$848K	$385K	50x	as long as short
Extended JUP-USD	+0.0424%	1h	0.2949	−0.295%	$2.2M	$502K	25x	as long as short