Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0324%/8h= +35.5% APRpaid last 24h +0.061%

Price spread now: MEXC against Pacifica+0.127%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.241%+$24 on $10k

Price spread, last 4 days (all we have)−0.440%−$44 · spread now +0.127%, 7d avg −0.001%

Together, before fees−0.200%+ Points / potential airdropPacifica: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and MEXC is 0.127% dearer against Pacifica than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica JUP	0.2964	−0.0224	get 0.0028% / 1h	34m 55s	$282K	$147K	10x
Short	MEXC JUP_USDT	0.2968	0.0100	get 0.0050% / 4h	1h 34m	$7.5M	$6.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.127%Rate

Funding earned: $68.04
Price spread: +0.127% → −0.001%: $12.75
Slippage, 4 orders: −$25
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: $47.79
Costs to cover: 0.330%
Break-even: 2.1 days

Slippage from Pacifica: live order book, 28 min ago; MEXC: 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, 28 min ago	1.70 bp	14.6 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	1.69 bp	4.6 bp −$5	18.4 bp −$184	106.8 bp −$10.7K	265.5 bp −$132.8K

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	0.2918	−1.560%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2968	+0.121%	$16K	—	100x	as long as short
Pacifica JUPlong	−0.0224%	1h	0.2964	long leg	$282K	$147K	10x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2969	+0.147%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2967	+0.100%	—	—	150x	as long as short
Bybit JUPUSDT	+0.0002%	4h	0.2967	+0.093%	$15.9M	$19.2M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0049%	4h	0.2968	+0.127%	$4.1M	$12.6M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2967	+0.110%	—	—	20x	as long as short
Backpack JUP_USDC_PERP	+0.0059%	1h	0.2968	+0.127%	$986K	$255K	10x	as long as short
dYdX JUP-USD	+0.0089%	1h	0.2966	+0.049%	$39K	$27K	5x	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	0.2972	+0.245%	$786K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0097%	8h	0.2965	+0.014%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2965	+0.043%	$600K	$509K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2971	+0.234%	$18.9M	$9.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2968	+0.130%	$114K	$298K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2969	+0.154%	$16.4M	$43.2M	75x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2967	+0.093%	$741K	$1.4M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2968	+0.127%	$7.5M	$6.6M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2967	+0.093%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2969	+0.161%	$5.8M	$6.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2967	+0.093%	—	$20.8M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2965	+0.023%	$723K	$698K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	−0.131%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2957	−0.244%	$157K	$275K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2970	+0.188%	$94K	$107K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2968	+0.127%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2965	+0.026%	$112K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2973	+0.296%	$2.9M	$3.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.032%	$62K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2967	+0.093%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2968	+0.137%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0199%	1h	0.2969	+0.164%	$593K	$494K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2966	+0.066%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2968	+0.127%	$98K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2964	−0.008%	$840K	$371K	50x	as long as short
Extended JUP-USD	+0.0352%	1h	0.2966	+0.057%	$2.2M	$493K	25x	as long as short