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: KuCoin against Pacifica−0.077%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

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

Long on Pacifica Short on KuCoin

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)+0.100%+$10 · spread now −0.077%, 7d avg +0.029%

Together, before fees+0.312%+ Points / potential airdropPacifica: Active · farm board+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. KuCoin is 0.106% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.077% now, against its 7-day average of +0.029%). If the spread goes back, that is −$11 on $10k: about 19 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.212% in total) that is about 3.5 days.

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	Pacifica JUP	0.2946	−0.0353	get 0.0044% / 1h	0m 13s	$281K	$147K	10x
Short	KuCoin JUPUSDTM	0.2944	0.0100	get 0.0050% / 4h	2h 00m	$4.0M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.077%Rate

Funding earned: $95.05
Price spread: −0.077% → +0.029%: −$10.6
Slippage, 4 orders: −$63.68
Fee Pacifica: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $0.77
Costs to cover: 0.837%
Break-even: 6.9 days

Slippage from Pacifica: live order book, 3 min ago; KuCoin: 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 Pacifica live order book, 3 min ago	1.70 bp	14.6 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	3.39 bp	30.9 bp −$31	106.7 bp −$1,067	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	−0.993%	$3K	$206K	5.5x	as long as short
Pacifica JUPlong	−0.0353%	1h	0.2946	long leg	$281K	$147K	10x
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2943	−0.101%	$16K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0191%	1h	0.2943	−0.101%	$54K	$16K	10x	as long as short
Bybit JUPUSDT	−0.0037%	4h	0.2941	−0.179%	$15.8M	$19.4M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2944	−0.069%	$588K	$503K	20x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2944	−0.067%	—	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0002%	4h	0.2943	−0.111%	$4.0M	$12.8M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2942	−0.145%	—	—	20x	as long as short
dYdX JUP-USD	+0.0073%	1h	0.2949	+0.109%	$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	−0.128%	$719K	$720K	—	as long as short
Paradex JUP-USD-PERP	+0.0094%	8h	0.2945	−0.049%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2945	−0.026%	$779K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2945	−0.035%	$595K	$516K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2947	+0.038%	$18.7M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2947	+0.033%	$114K	$317K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2942	−0.145%	$16.2M	$44.1M	75x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2945	−0.043%	$731K	$1.5M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2941	−0.179%	$7.3M	$7.0M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2944	−0.077%	$4.0M	$6.7M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2943	−0.111%	$5.7M	$6.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2942	−0.145%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2944	−0.091%	$975K	$237K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.161%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2950	+0.127%	$157K	$275K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2948	+0.042%	$93K	$108K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2944	−0.077%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2943	−0.111%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2948	+0.059%	$2.9M	$3.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2951	+0.161%	$61K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2942	−0.162%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2945	−0.043%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2950	+0.133%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2947	+0.035%	$74K	$49K	50x	as long as short
Extended JUP-USD	+0.0400%	1h	0.2942	−0.143%	$2.2M	$490K	25x	as long as short