Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0523%/8h= +57.3% APRpaid last 24h +0.072%

Price spread now: BloFin against Pacifica−0.061%7-day average −0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs+$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$500.498% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.604%+$60 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.061%, 7d avg −0.006%

Together, before fees+0.702%+ Points / potential airdropPacifica: Active · farm board+$70 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.055% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.061% now, against its 7-day average of −0.006%). If the spread goes back, that is −$6 on $10k: about 8 hours of funding at the current rate (+$16 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica JUP	0.2945	−0.0183	get 0.0023% / 1h	59m 42s	$281K	$146K	10x
Short	BloFin JUP-USDT	0.2943	0.0340	get 0.0170% / 4h	2h 59m	$829K	$377K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.061%Rate

Funding earned: $109.84
Price spread: −0.061% → −0.006%: −$5.53
Slippage, 4 orders: −$29.83
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $54.47
Costs to cover: 0.498%
Break-even: 3.5 days

Slippage from Pacifica: live order book, 54 min ago; BloFin: live order book, 32 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, 54 min ago	1.68 bp	12.8 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 32 min ago	1.68 bp	18.9 bp −$19	34.2 bp −$342	100.6 bp −$10.1K	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	−0.910%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2946	+0.052%	$16K	—	100x	as long as short
Pacifica JUPlong	−0.0183%	1h	0.2945	long leg	$281K	$146K	10x
dYdX JUP-USD	0.0000%	1h	0.2944	−0.012%	$38K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2947	+0.081%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2946	+0.049%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2945	+0.016%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2951	+0.214%	$778K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2946	+0.032%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2946	+0.049%	$594K	$487K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2948	+0.105%	$18.5M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2949	+0.142%	$110K	$273K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2945	+0.001%	$16.1M	$39.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2943	−0.072%	$15.8M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2946	+0.040%	$4.1M	$11.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2947	+0.074%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2945	+0.006%	$732K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2945	+0.006%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2945	+0.006%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2946	+0.040%	$5.8M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2945	+0.006%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2946	+0.054%	$973K	$187K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2939	−0.198%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.210%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2946	+0.040%	$162K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2952	+0.231%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2946	+0.040%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2939	−0.197%	$110K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2951	+0.210%	$2.9M	$3.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2944	−0.011%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2949	+0.146%	$26K	$17K	5x	as long as short
Extended JUP-USD	+0.0176%	1h	0.2943	−0.063%	$2.2M	$507K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0178%	1h	0.2947	+0.090%	$585K	$470K	20x	as long as short
Phoenix JUP	+0.0216%	1h	0.2947	+0.061%	$97K	$283K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2968	+0.781%	$75K	$50K	50x	as long as short
BloFin JUP-USDTshort	+0.0340%	4h	0.2943	−0.061%	$829K	$377K	50x