Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0435%/8h= −47.6% APRpaid last 24h −0.024%

Price spread now: Pacifica against OKX+0.037%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$530.531% of the position

Long on OKX Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.202%−$20 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.037%, 7d avg +0.039%

Together, before fees−0.286%+ Points / potential airdropPacifica: Active · farm board−$29 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.039%, so right now this pair is about funding alone: −$13 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 -0.202% 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	OKX JUP-USDT-SWAP	0.2940	0.0100	pay 0.0050% / 4h	1h 30m	$4.0M	$16.5M	50x
Short	Pacifica JUP	0.2941	−0.0335	pay 0.0042% / 1h	30m 47s	$280K	$172K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against OKX. 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 OKXbpFee PacificabpOrdersPrice spread, now +0.037%Rate

Funding earned: −$91.34
Price spread: +0.037% → +0.039%: −$0.23
Slippage, 4 orders: −$35.1
Fee OKX: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$144.66
Costs to cover: 0.531%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Pacifica: live order book, 52 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 OKX live order book, 3 min ago	1.70 bp	14.7 bp −$15	59.0 bp −$590	doesn't fit	doesn't fit
Sell Pacifica live order book, 52 min ago	1.68 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	−0.3508%	1h	0.2918	−0.748%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2945	+0.157%	$15K	—	100x	as long as short
Pacifica JUPshort	−0.0335%	1h	0.2941	+0.037%	$280K	$172K	10x
Kraken Futures PF_JUPUSD	−0.0177%	1h	0.2943	+0.103%	$598K	$619K	20x	as long as short
01 Exchange JUPUSD	−0.0096%	1h	0.2943	+0.092%	$26K	$19K	5x	as long as short
Gate JUP_USDT	−0.0030%	4h	0.2940	0.000%	$735K	$1.9M	75x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2943	+0.112%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2944	+0.121%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0023%	4h	0.2938	−0.068%	$16.1M	$23.7M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2941	+0.022%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0057%	1h	0.2943	+0.088%	$38K	$35K	5x	as long as short
Paradex JUP-USD-PERP	+0.0064%	8h	0.2941	+0.038%	$9K	$14K	10x	as long as short
BloFin JUP-USDT	+0.0087%	4h	0.2939	−0.034%	$843K	$326K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2944	+0.122%	$789K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2940	−0.009%	$610K	$673K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2946	+0.212%	$18.9M	$13.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2943	+0.102%	$106K	$365K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2941	+0.048%	$16.2M	$55.7M	75x	as long as short
OKX JUP-USDT-SWAPlong	+0.0100%	4h	0.2940	long leg	$4.0M	$16.5M	50x
MEXC JUP_USDT	+0.0100%	4h	0.2941	+0.034%	$8.0M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2943	+0.102%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2941	+0.034%	$5.6M	$8.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2940	0.000%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2943	+0.099%	$974K	$259K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2943	+0.108%	$712K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2947	+0.224%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2946	+0.204%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2946	+0.201%	$93K	$134K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2943	+0.102%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2935	−0.170%	$110K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2945	+0.170%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.578%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2940	+0.008%	$2.2M	$541K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2944	+0.124%	$40K	—	3x	as long as short
Phoenix JUP	+0.0190%	1h	0.2950	+0.327%	$94K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.684%	$74K	$93K	50x	as long as short