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 −0.058%

Price spread now: Pacifica against Variational Omni−0.636%7-day average +0.004% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Variational Omni Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.086%−$9 on $10k

Price spread, last 4 days (all we have)+0.097%+$10 · spread now −0.636%, 7d avg +0.004%

Together, before fees+0.010%+ Points / potential airdropVariational Omni: Active · Pacifica: Active · farm board+$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Pacifica is 0.640% cheaper against Variational Omni than usual: you would sell low and buy high (−$64 if the spread goes back to its 7-day average of +0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2960	0.0100	pay 0.0050% / 4h	51m 59s	$722K	$693K	—
Short	Pacifica JUP	0.2941	−0.0125	pay 0.0016% / 1h	51m 59s	$280K	$147K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Variational Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpFee PacificabpOrdersPrice spread, now −0.636%Rate

Funding earned: −$47.28
Price spread: −0.636% → +0.004%: −$63.99
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$119.27
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 22 min ago; Pacifica: live order book, 6 min ago. Net counts fees only.

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 Variational Omni RFQ quote, 22 min ago	6.74 bp	doesn't fit	37.1 bp −$371	doesn't fit	doesn't fit
Sell Pacifica live order book, 6 min ago	1.70 bp	11.7 bp −$12	doesn't fit	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	−0.4661%	1h	0.2910	−1.690%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2940	−0.664%	$16K	—	100x	as long as short
Pacifica JUPshort	−0.0125%	1h	0.2941	−0.636%	$280K	$147K	10x
Deribit JUP_USDC-PERPETUAL	−0.0124%	1h	0.2940	−0.686%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2941	−0.635%	—	—	150x	as long as short
dYdX JUP-USD	+0.0002%	1h	0.2942	−0.592%	$38K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2939	−0.709%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2941	−0.629%	$778K	$1.0M	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2940	−0.678%	$588K	$489K	20x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2939	−0.715%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2938	−0.727%	$593K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2942	−0.612%	$18.7M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2943	−0.586%	$114K	$288K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2939	−0.710%	$16.2M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2935	−0.838%	$15.7M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2939	−0.710%	$4.0M	$12.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	−0.102%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2939	−0.710%	$730K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2939	−0.710%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2940	−0.676%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2940	−0.676%	$5.7M	$5.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2940	−0.676%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2939	−0.693%	$975K	$245K	10x	as long as short
Variational Omni JUPlong	+0.0100%	4h	0.2960	long leg	$722K	$693K	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	−0.154%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2945	−0.507%	$156K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2942	−0.622%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2940	−0.676%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2934	−0.879%	$110K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2944	−0.541%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2938	−0.729%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2939	−0.723%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2944	−0.538%	$74K	$49K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2965	+0.165%	$99K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2945	−0.507%	$844K	$382K	50x	as long as short
Extended JUP-USD	+0.0400%	1h	0.2937	−0.770%	$2.2M	$502K	25x	as long as short