Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0245%/8h= −26.8% APRpaid last 24h −0.055%

Price spread now: Pacifica against Bybit+0.328%7-day average +0.029% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$520.516% of the position

Long on Bybit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.253%−$25 on $10k

Price spread, last 4 days (all we have)−0.312%−$31 · spread now +0.328%, 7d avg +0.029%

Together, before fees−0.565%+ Points / potential airdropPacifica: Active · farm board−$56 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.299% dearer against Bybit than usual: you sell high and buy low (spread +0.328% now, against its 7-day average of +0.029%): +$30 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.1 days. At the pace of the last 7 days (−0.253% in total) that is about 8.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2947	0.0021	pay 0.0011% / 4h	1h 37m	$15.8M	$19.2M	50x
Short	Pacifica JUP	0.2957	−0.0224	pay 0.0028% / 1h	37m 58s	$282K	$147K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Bybit. 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 BybitbpFee PacificabpOrdersPrice spread, now +0.328%Rate

Funding earned: −$51.46
Price spread: +0.328% → +0.029%: $29.95
Slippage, 4 orders: −$32.64
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$73.15
Costs to cover: 0.516%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; Pacifica: live order book, 25 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 Bybit live order book, 1 min ago	3.39 bp	13.8 bp −$14	38.1 bp −$381	doesn't fit	doesn't fit
Sell Pacifica live order book, 25 min ago	1.70 bp	8.7 bp −$9	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	0.2918	−0.994%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2951	+0.132%	$16K	—	100x	as long as short
Pacifica JUPshort	−0.0224%	1h	0.2957	+0.328%	$282K	$147K	10x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2952	+0.143%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2952	+0.150%	—	—	150x	as long as short
Backpack JUP_USDC_PERP	+0.0009%	1h	0.2950	+0.102%	$980K	$256K	10x	as long as short
Bybit JUPUSDTlong	+0.0021%	4h	0.2947	long leg	$15.8M	$19.2M	50x
OKX JUP-USDT-SWAP	+0.0038%	4h	0.2952	+0.159%	$4.1M	$12.6M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2950	+0.091%	—	—	20x	as long as short
dYdX JUP-USD	+0.0090%	1h	0.2955	+0.276%	$39K	$27K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0093%	4h	0.2946	−0.047%	$719K	$698K	—	as long as short
Lighter JUP	+0.0096%	1h	0.2955	+0.254%	$781K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0097%	8h	0.2957	+0.314%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2951	+0.117%	$597K	$511K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2953	+0.190%	$18.7M	$9.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2952	+0.171%	$114K	$298K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2950	+0.092%	$16.3M	$43.4M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2939	−0.294%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2952	+0.159%	$737K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2951	+0.126%	$7.5M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2953	+0.193%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2951	+0.126%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2951	+0.126%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	+0.070%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2946	−0.044%	$157K	$274K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2956	+0.302%	$93K	$107K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2951	+0.126%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2950	+0.092%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2955	+0.261%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2949	+0.041%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0176%	1h	0.2962	+0.502%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0201%	1h	0.2952	+0.160%	$589K	$496K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2952	+0.156%	$74K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2951	+0.129%	$97K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2954	+0.227%	$842K	$370K	50x	as long as short
Extended JUP-USD	+0.0344%	1h	0.2951	+0.115%	$2.2M	$492K	25x	as long as short