Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0225%/8h= +24.7% APRpaid last 24h +0.060%

Price spread now: Binance against Pacifica−0.135%7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.243%+$24 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.135%, 7d avg +0.002%

Together, before fees+0.406%+ Points / potential airdropPacifica: Active · farm board+$41 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.137% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.135% now, against its 7-day average of +0.002%). If the spread goes back, that is −$14 on $10k: about 2.0 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica JUP	0.2937	−0.0125	get 0.0016% / 1h	49m 59s	$280K	$147K	10x
Short	Binance JUPUSDT	0.2933	0.0100	get 0.0050% / 4h	49m 59s	$16.2M	$42.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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 PacificabpFee BinancebpOrdersPrice spread, now −0.135%Rate

Funding earned: $47.28
Price spread: −0.135% → +0.002%: −$13.74
Slippage, 4 orders: −$30.18
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$14.65
Costs to cover: 0.482%
Break-even: 9.2 days

Slippage from Pacifica: live order book, 8 min ago; Binance: live order book, 7 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 Pacifica live order book, 8 min ago	1.70 bp	12.0 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 7 min ago	1.69 bp	12.6 bp −$13	30.4 bp −$304	139.2 bp −$13.9K	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	−0.4661%	1h	0.2910	−0.932%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2936	−0.055%	$16K	—	100x	as long as short
Pacifica JUPlong	−0.0125%	1h	0.2937	long leg	$280K	$147K	10x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2936	−0.054%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2936	−0.056%	—	—	150x	as long as short
dYdX JUP-USD	+0.0002%	1h	0.2936	−0.064%	$38K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2934	−0.131%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0064%	1h	0.2937	−0.020%	$26K	$19K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2937	−0.023%	$777K	$1.0M	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2935	−0.066%	$587K	$489K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0098%	8h	0.2938	+0.028%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2935	−0.081%	$592K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2937	−0.027%	$18.6M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2936	−0.063%	$113K	$288K	10x	as long as short
Binance JUPUSDTshort	+0.0100%	4h	0.2933	−0.135%	$16.2M	$42.4M	75x
Bybit JUPUSDT	+0.0100%	4h	0.2931	−0.217%	$15.8M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2932	−0.183%	$4.0M	$12.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.668%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2933	−0.149%	$728K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2934	−0.115%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2934	−0.115%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2934	−0.115%	$5.7M	$5.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2933	−0.149%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2934	−0.118%	$973K	$241K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2933	−0.150%	$717K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	+0.396%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2950	+0.430%	$157K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2938	+0.011%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2935	−0.081%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2927	−0.353%	$110K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2940	+0.089%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2930	−0.243%	$40K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2940	+0.106%	$74K	$49K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2965	+0.937%	$99K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2936	−0.047%	$841K	$381K	50x	as long as short
Extended JUP-USD	+0.0384%	1h	0.2932	−0.167%	$2.2M	$502K	25x	as long as short