Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0158%/8h= −17.3% APRpaid last 24h −0.057%

Price spread now: Pacifica against Binance+0.007%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$67as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on Binance Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.239%−$24 on $10k

Price spread, last 4 days (all we have)−0.030%−$3 · spread now +0.007%, 7d avg −0.002%

Together, before fees−0.270%+ Points / potential airdropPacifica: Active · farm board−$27 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance JUPUSDT	0.2932	0.0100	pay 0.0050% / 4h	1m 22s	$16.1M	$38.7M	75x
Short	Pacifica JUP	0.2932	−0.0058	pay 0.0007% / 1h	1m 22s	$280K	$138K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Binance. 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 BinancebpFee PacificabpOrdersPrice spread, now +0.007%Rate

Funding earned: −$33.23
Price spread: +0.007% → −0.002%: $0.96
Slippage, 4 orders: −$24.95
Fee Binance: 5 bp × 2 orders: −$10
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$75.22
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from Binance: live order book, 10 min ago; Pacifica: live order book, 37 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 Binance live order book, 10 min ago	1.71 bp	10.5 bp −$11	27.2 bp −$272	322.1 bp −$32.2K	doesn't fit
Sell Pacifica live order book, 37 min ago	1.72 bp	8.5 bp −$8	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	−0.3836%	1h	0.2886	−1.569%	$3K	$207K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2933	+0.020%	$16K	—	100x	as long as short
Pacifica JUPshort	−0.0058%	1h	0.2932	+0.007%	$280K	$138K	10x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2932	0.000%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2932	+0.016%	$16K	—	150x	as long as short
dYdX JUP-USD	+0.0029%	1h	0.2933	+0.044%	$39K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2932	+0.012%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2935	+0.099%	$759K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2931	−0.033%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2932	−0.009%	$577K	$491K	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	0.2935	+0.106%	$18.0M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2933	+0.021%	$101K	$294K	10x	as long as short
Binance JUPUSDTlong	+0.0100%	4h	0.2932	long leg	$16.1M	$38.7M	75x
Bybit JUPUSDT	+0.0100%	4h	0.2930	−0.068%	$15.9M	$17.1M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2933	+0.034%	$4.0M	$10.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2931	−0.034%	$699K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2932	0.000%	$7.1M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2933	+0.034%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2933	+0.034%	$5.8M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2932	0.000%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2932	+0.007%	$970K	$223K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2927	−0.167%	$711K	$528K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2932	+0.003%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2928	−0.136%	$161K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2935	+0.109%	$92K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2932	0.000%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2921	−0.375%	$110K	$42K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2928	−0.126%	$61K	$2K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2931	−0.041%	$2.2M	$580K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2929	−0.085%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0152%	1h	0.2935	+0.089%	$26K	$2K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2935	+0.116%	$75K	$49K	50x	as long as short
Phemex JUPUSDT	+0.0321%	4h	0.2936	+0.136%	$2.9M	$3.0M	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2928	−0.136%	$816K	$375K	50x	as long as short
Phoenix JUP	+0.0355%	1h	0.2936	+0.126%	$105K	$284K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0413%	1h	0.2934	+0.076%	$577K	$415K	20x	as long as short