JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0501%/8h= +54.9% APRnext payment +$0.63 per $10,000 · paid last 24h +0.070%

Price spread now: Phoenix against Pacifica−0.472%47s7-day average +0.122% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.510% of the position

Long on Pacifica Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.334%+$33 on $10k

Price spread, last 4 days (all we have)+0.918%+$92 · spread now −0.472%, 7d avg +0.122%

Together, before fees+1.252%+ Points / potential airdropPacifica: Active · farm board+$125 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.594% cheaper against Pacifica than usual: you would sell low and buy high (spread −0.472% now, against its 7-day average of +0.122%). If the spread goes back, that is −$59 on $10k: about 3.9 days of funding at the current rate (+$15 a day). At the pace of the last 7 days (+0.334% in total) that is about 12 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.334% in total (about 17.4% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.63 per $10,000. 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	0.2919	−0.0230	get 0.0029% / 1h	19m 58s	$278K	$142K	10x
Short	Phoenix JUP	0.2905	0.0271	get 0.0034% / 1h	19m 58s	$97K	$280K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.472%Rate

Funding earned: $105.29
Price spread: −0.472% → +0.122%: −$59.36
Slippage, 4 orders: −$35.96
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$5.03
Costs to cover: 0.510%
Break-even: 7.3 days

Slippage from Pacifica: live order book, 28 min ago; Phoenix: live order book, 26 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, 28 min ago	3.39 bp	14.2 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 26 min ago	2.54 bp	14.3 bp −$14	29.3 bp −$293	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	−0.4499%	1h	0.2868	−1.746%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2924	+0.165%	$16K	—	100x	as long as short
Pacifica JUPlong	−0.0230%	1h	0.2919	long leg	$278K	$142K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2923	+0.146%	—	—	150x	as long as short
dYdX JUP-USD	+0.0010%	1h	0.2917	−0.051%	$39K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2923	+0.130%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2926	+0.237%	$759K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2922	+0.096%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2922	+0.095%	$579K	$493K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2927	+0.282%	$18.1M	$9.0M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JUPUSDT	+0.0100%	4h	0.2925	+0.221%	$107K	$281K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2927	+0.275%	$16.1M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2925	+0.224%	$15.8M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2928	+0.309%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2899	−0.684%	$60K	$280	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2923	+0.138%	$717K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2925	+0.207%	$6.8M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2924	+0.172%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2927	+0.275%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2924	+0.172%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2928	+0.299%	$964K	$191K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2909	−0.342%	$706K	$626K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2896	−0.793%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2892	−0.924%	$159K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2924	+0.176%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2924	+0.172%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2914	−0.170%	$109K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2926	+0.235%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2923	+0.152%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0136%	1h	0.2923	+0.153%	$2.2M	$556K	25x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0160%	1h	0.2925	+0.224%	$53K	$17K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0258%	1h	0.2925	+0.210%	$577K	$463K	20x	as long as short
Phoenix JUPshort	+0.0271%	1h	0.2905	−0.472%	$97K	$280K	10x
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2925	+0.220%	$74K	$48K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2910	−0.307%	$819K	$374K	50x	as long as short
Phemex JUPUSDT	+0.0414%	4h	0.2926	+0.241%	$2.9M	$3.1M	50x	as long as short