Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.043%

Price spread now: Pacifica against Variational Omni+0.251%52s7-day average −0.004% · you sell dearer than you buy

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

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.070%−$7 on $10k

Price spread, last 3 days (all we have)−0.602%−$60 · spread now +0.251%, 7d avg −0.004%

Together, before fees−0.672%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board−$67 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: Pacifica is 0.256% dearer against Variational Omni than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.004%. The two prices were read 52 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2958	0.0098	pay 0.0049% / 4h	2h 41m	$724K	$1.2M	—
Short	Pacifica JUP	0.2965	0.0100	get 0.0013% / 1h	41m 44s	$283K	$185K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee PacificabpOrdersPrice spread, now +0.251%Rate

Funding earned: $0.42
Price spread: +0.251% → −0.004%: $25.56
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: $17.98
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Pacifica: live order book, 46 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 Variational Omni RFQ quote, 2 min ago	6.77 bp	doesn't fit	40.6 bp −$406	doesn't fit	doesn't fit
Sell Pacifica live order book, 46 min ago	1.67 bp	10.2 bp −$10	doesn't fit	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	−0.981%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0745% / S +0.0257%	1h	0.2966	+0.267%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0365%	4h	0.2965	+0.253%	$16.3M	$24.1M	50x	as long as short
Gate JUP_USDT	−0.0018%	4h	0.2967	+0.304%	$740K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2964	+0.196%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2966	+0.267%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2967	+0.296%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2966	+0.263%	$602K	$623K	20x	as long as short
dYdX JUP-USD	+0.0015%	1h	0.2970	+0.402%	$39K	$36K	5x	as long as short
Backpack JUP_USDC_PERP	+0.0025%	1h	0.2964	+0.212%	$983K	$268K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin JUP-USDT	+0.0047%	4h	0.2960	+0.067%	$866K	$330K	50x	as long as short
01 Exchange JUPUSD	+0.0048%	1h	0.2968	+0.324%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2963	+0.165%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2964	+0.213%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2971	+0.439%	$895K	$1.3M	10x	as long as short
Variational Omni JUPlong	+0.0098%	4h	0.2958	long leg	$724K	$1.2M	—
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2966	+0.270%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2962	+0.152%	$598K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2971	+0.429%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2968	+0.353%	$107K	$366K	10x	as long as short
Pacifica JUPshort	+0.0100%	1h	0.2965	+0.251%	$283K	$185K	10x
Binance JUPUSDT	+0.0100%	4h	0.2968	+0.324%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2965	+0.236%	$4.1M	$16.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.225%	$58K	$4K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2968	+0.338%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2967	+0.304%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2967	+0.304%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2967	+0.304%	—	$21.6M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	+0.101%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2961	+0.101%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2969	+0.368%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2958	−0.001%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2968	+0.338%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2963	+0.152%	$40K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+1.004%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0256%	1h	0.2966	+0.279%	$2.2M	$539K	25x	as long as short