Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0369%/8h= −40.4% APRpaid last 24h −0.032%

Price spread now: Pacifica against Gate+0.032%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$83as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$630.626% of the position

Long on Gate Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.201%−$20 on $10k

Price spread, last 4 days (all we have)−0.024%−$2 · spread now +0.032%, 7d avg +0.035%

Together, before fees−0.225%+ Points / potential airdropPacifica: Active · farm board−$22 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.035%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.201% in total (about -10.5% a year). A funding rate is set anew for every payment. 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	Gate JUP_USDT	0.2955	0.0016	pay 0.0008% / 4h	2h 28m	$731K	$1.5M	75x
Short	Pacifica JUP	0.2956	−0.0353	pay 0.0044% / 1h	28m 53s	$282K	$148K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Gate. 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 GatebpFee PacificabpOrdersPrice spread, now +0.032%Rate

Funding earned: −$77.41
Price spread: +0.032% → +0.035%: −$0.25
Slippage, 4 orders: −$39.64
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$140.3
Costs to cover: 0.626%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; Pacifica: live order book, 39 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 Gate live order book, 4 min ago	1.70 bp	18.6 bp −$19	106.6 bp −$1,066	doesn't fit	doesn't fit
Sell Pacifica live order book, 39 min ago	1.66 bp	8.5 bp −$8	doesn't fit	doesn't fit	doesn't fit

JUP on 35 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	0.2901	−1.827%	$3K	$206K	5.5x	as long as short
Pacifica JUPshort	−0.0353%	1h	0.2956	+0.032%	$282K	$148K	10x
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2952	−0.087%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0230%	4h	0.2953	−0.068%	$15.9M	$20.3M	50x	as long as short
OKX JUP-USDT-SWAP	−0.0062%	4h	0.2954	−0.034%	$4.1M	$14.4M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2952	−0.113%	$591K	$526K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2951	−0.125%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	−0.059%	—	—	150x	as long as short
Variational Omni JUP	+0.0009%	4h	0.2947	−0.269%	$720K	$751K	—	as long as short
Gate JUP_USDTlong	+0.0016%	4h	0.2955	long leg	$731K	$1.5M	75x

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0017%	1h	0.2956	+0.051%	$39K	$29K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	−0.143%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0088%	1h	0.2959	+0.142%	$26K	$19K	5x	as long as short
Paradex JUP-USD-PERP	+0.0089%	8h	0.2956	+0.050%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2955	0.000%	$781K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2952	−0.102%	$31K	$43K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2954	−0.051%	$600K	$600K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2956	+0.044%	$18.8M	$11.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2955	+0.006%	$114K	$320K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2955	+0.009%	$16.3M	$46.6M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.639%	$61K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2956	+0.034%	$7.4M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2956	+0.034%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2957	+0.068%	$5.8M	$6.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2955	0.000%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2953	−0.068%	$978K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2948	−0.236%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2952	−0.102%	$157K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2958	+0.108%	$94K	$110K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2953	−0.068%	$111K	$49K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2948	−0.225%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2960	+0.162%	$97K	$402K	10x	as long as short
Phemex JUPUSDT	+0.0243%	4h	0.2956	+0.034%	$2.9M	$3.6M	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2954	−0.051%	$74K	$52K	50x	as long as short
Extended JUP-USD	+0.0328%	1h	0.2955	−0.010%	$2.2M	$488K	25x	as long as short