Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0453%/8h= −49.6% APRpaid last 24h −0.056%

Price spread now: Pacifica against KuCoin−0.025%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$840.837% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.212%−$21 on $10k

Price spread, last 4 days (all we have)+0.002%$0 · spread now −0.025%, 7d avg −0.029%

Together, before fees−0.211%+ Points / potential airdropPacifica: Active · farm board−$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: −$14 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 -0.212% in total (about -11.1% 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	KuCoin JUPUSDTM	0.2947	0.0100	pay 0.0050% / 4h	2h 00m	$4.0M	$6.7M	50x
Short	Pacifica JUP	0.2946	−0.0353	pay 0.0044% / 1h	0m 32s	$281K	$147K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against KuCoin. 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 KuCoinbpFee PacificabpOrdersPrice spread, now −0.025%Rate

Funding earned: −$95.05
Price spread: −0.025% → −0.029%: $0.42
Slippage, 4 orders: −$63.68
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$178.32
Costs to cover: 0.837%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Pacifica: live order book, 3 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 KuCoin live order book, 2 min ago	3.39 bp	29.5 bp −$29	125.2 bp −$1,252	doesn't fit	doesn't fit
Sell Pacifica live order book, 3 min ago	1.70 bp	8.7 bp −$9	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	0.2917	−1.018%	$3K	$206K	5.5x	as long as short
Pacifica JUPshort	−0.0353%	1h	0.2946	−0.025%	$281K	$147K	10x
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2946	−0.020%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0037%	4h	0.2943	−0.122%	$15.8M	$19.5M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2947	+0.011%	$589K	$503K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2946	−0.024%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2947	0.000%	—	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0002%	4h	0.2944	−0.102%	$4.0M	$12.8M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2944	−0.101%	—	—	20x	as long as short
dYdX JUP-USD	+0.0073%	1h	0.2949	+0.084%	$39K	$28K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0075%	4h	0.2942	−0.153%	$719K	$720K	—	as long as short
Paradex JUP-USD-PERP	+0.0094%	8h	0.2945	−0.073%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2949	+0.078%	$780K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2945	−0.059%	$595K	$516K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2949	+0.079%	$18.7M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2948	+0.018%	$114K	$317K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2945	−0.061%	$16.2M	$44.1M	75x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2947	0.000%	$732K	$1.5M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2946	−0.034%	$7.3M	$7.0M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2947	long leg	$4.0M	$6.7M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2947	0.000%	$5.7M	$6.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2946	−0.034%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2946	−0.024%	$976K	$237K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.136%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2950	+0.102%	$157K	$275K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2950	+0.088%	$93K	$108K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2947	0.000%	$31K	$43K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2940	−0.238%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2951	+0.136%	$2.9M	$3.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2951	+0.136%	$61K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2945	−0.076%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2945	−0.068%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2950	+0.109%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2955	+0.275%	$74K	$50K	50x	as long as short
Extended JUP-USD	+0.0408%	1h	0.2944	−0.108%	$2.2M	$490K	25x	as long as short