Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0283%/8h= +31.0% APRpaid last 24h +0.040%

Price spread now: OKX against Pacifica+0.020%7-day average −0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$520.525% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.222%+$22 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.020%, 7d avg −0.040%

Together, before fees+0.241%+ Points / potential airdropPacifica: Active · farm board+$24 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and OKX is 0.060% dearer against Pacifica than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica JUP	0.2960	−0.0183	get 0.0023% / 1h	54m 39s	$282K	$146K	10x
Short	OKX JUP-USDT-SWAP	0.2961	0.0100	get 0.0050% / 4h	3h 54m	$4.0M	$11.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.020%Rate

Funding earned: $59.44
Price spread: +0.020% → −0.040%: $5.98
Slippage, 4 orders: −$34.45
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: $12.96
Costs to cover: 0.525%
Break-even: 5.5 days

Slippage from Pacifica: live order book, 64 min ago; OKX: live order book, 4 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, 64 min ago	1.70 bp	12.0 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	3.39 bp	15.7 bp −$16	60.6 bp −$606	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	−0.5000%	1h	0.2921	−1.331%	$3K	$206K	5.5x	as long as short
Backpack JUP_USDC_PERP	−0.0304%	1h	0.2963	+0.084%	$979K	$233K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2961	+0.026%	$16K	—	100x	as long as short
Pacifica JUPlong	−0.0183%	1h	0.2960	long leg	$282K	$146K	10x
Bybit JUPUSDT	−0.0094%	4h	0.2959	−0.047%	$15.9M	$17.9M	50x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2959	−0.032%	$39K	$22K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2961	+0.034%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2961	+0.012%	—	—	150x	as long as short
01 Exchange JUPUSD	+0.0040%	1h	0.2960	−0.017%	$26K	$17K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2960	−0.030%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2964	+0.115%	$783K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2962	+0.052%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2959	−0.030%	$602K	$485K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2960	−0.014%	$18.6M	$9.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2960	0.000%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2961	+0.020%	$16.3M	$40.3M	75x	as long as short
OKX JUP-USDT-SWAPshort	+0.0100%	4h	0.2961	+0.020%	$4.0M	$11.3M	50x
Bulk JUP-USD	+0.0100%	1h	0.2960	−0.001%	$62K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2961	+0.020%	$735K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2961	+0.020%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2962	+0.054%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2961	+0.020%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	−0.014%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2947	−0.453%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	−0.309%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2948	−0.419%	$156K	$251K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2962	+0.061%	$94K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	+0.020%	$31K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2953	−0.250%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2963	+0.088%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2962	+0.039%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2962	+0.062%	$594K	$468K	20x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2961	+0.009%	$2.2M	$494K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2970	+0.328%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2955	−0.172%	$97K	$283K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2961	+0.020%	$838K	$376K	50x	as long as short