Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0433%/8h= −47.4% APRpaid last 24h −0.048%

Price spread now: Pacifica against Paradex−0.113%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Pacifica

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 airdropParadex: Active · Pacifica: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Pacifica is 0.113% cheaper against Paradex than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2956	0.0081	pay 0.0081% / 8h	6h 55m	$9K	$11K	10x
Short	Pacifica JUP	0.2952	−0.0353	pay 0.0044% / 1h	55m 57s	$281K	$147K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Paradex. 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 ParadexbpFee PacificabpOrdersPrice spread, now −0.113%Rate

Funding earned: −$90.97
Price spread: −0.113% → 0.000%: −$11.31
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$114.28
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Pacifica: live order book, 12 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 12 min ago	1.66 bp	8.5 bp −$8	doesn't fit	doesn't fit	doesn't fit

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	−0.4347%	1h	0.2943	−0.430%	$3K	$206K	5.5x	as long as short
Backpack JUP_USDC_PERP	−0.0566%	1h	0.2943	−0.424%	$975K	$234K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0429%	1h	0.2945	−0.370%	$54K	$16K	10x	as long as short
Pacifica JUPshort	−0.0353%	1h	0.2952	−0.113%	$281K	$147K	10x
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2946	−0.341%	$16K	—	100x	as long as short
01 Exchange JUPUSD	−0.0168%	1h	0.2944	−0.383%	$26K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0080%	4h	0.2946	−0.329%	$4.0M	$15.0M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2947	−0.304%	$592K	$523K	20x	as long as short
Bybit JUPUSDT	−0.0005%	4h	0.2943	−0.430%	$15.9M	$20.7M	50x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2949	−0.211%	$39K	$31K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2946	−0.320%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2943	−0.429%	—	—	20x	as long as short
Paradex JUP-USD-PERPlong	+0.0081%	8h	0.2956	long leg	$9K	$11K	10x
Lighter JUP	+0.0096%	1h	0.2948	−0.251%	$780K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2946	−0.329%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2943	−0.422%	$605K	$633K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2948	−0.275%	$18.9M	$11.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2946	−0.329%	$114K	$325K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2947	−0.294%	$16.2M	$47.7M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2971	+0.517%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2943	−0.430%	$728K	$1.5M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2949	−0.227%	$7.5M	$6.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2948	−0.261%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2947	−0.295%	$5.7M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2945	−0.363%	—	$20.8M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2938	−0.598%	$713K	$768K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2978	+0.765%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2977	+0.720%	$158K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2951	−0.170%	$93K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2941	−0.498%	$111K	$55K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2947	−0.310%	$2.2M	$485K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2940	−0.515%	$40K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.2982	+0.872%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2962	+0.206%	$74K	$59K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2960	+0.145%	$849K	$365K	50x	as long as short
Phemex JUPUSDT	+0.0652%	4h	0.2949	−0.227%	$2.9M	$3.6M	50x	as long as short