Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0170%/8h= +18.6% APRpaid last 24h +0.034%

Price spread now: OKX against Pacifica+0.037%7-day average −0.037% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

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

costs, in and out, $10k−$500.495% of the position

Long on Pacifica Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.208%+$21 on $10k

Price spread, last 4 days (all we have)−0.084%−$8 · spread now +0.037%, 7d avg −0.037%

Together, before fees+0.124%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and OKX is 0.074% dearer against Pacifica than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica JUP	0.3006	−0.0070	get 0.0009% / 1h	12m 28s	$287K	$129K	10x
Short	OKX JUP-USDT-SWAP	0.3007	0.0100	get 0.0050% / 4h	3h 12m	$4.2M	$10.2M	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 +0.037%Rate

Funding earned: $35.7
Price spread: +0.037% → −0.037%: $7.36
Slippage, 4 orders: −$31.51
Fee Pacifica: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$6.45
Costs to cover: 0.495%
Break-even: 8.3 days

Slippage from Pacifica: live order book, 21 min ago; OKX: live order book, 6 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, 21 min ago	1.71 bp	11.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	1.67 bp	12.8 bp −$13	52.0 bp −$520	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	−0.3798%	1h	0.2931	−2.491%	$3K	$205K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.3000	−0.184%	$17K	—	100x	as long as short
Pacifica JUPlong	−0.0070%	1h	0.3006	long leg	$287K	$129K	10x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.3001	−0.156%	$54K	$8K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.3002	−0.139%	$17K	—	150x	as long as short
dYdX JUP-USD	+0.0048%	1h	0.3002	−0.116%	$40K	$16K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2999	−0.229%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.3008	+0.080%	$777K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.3005	−0.019%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3006	+0.020%	$588K	$482K	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	0.3010	+0.129%	$18.6M	$8.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3005	−0.035%	$101K	$283K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3006	+0.004%	$16.6M	$37.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3002	−0.129%	$16.3M	$16.7M	50x	as long as short
OKX JUP-USDT-SWAPshort	+0.0100%	4h	0.3007	+0.037%	$4.2M	$10.2M	50x
Gate JUP_USDT	+0.0100%	4h	0.3005	−0.030%	$713K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3006	+0.004%	$8.0M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3004	−0.063%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3007	+0.037%	$5.9M	$4.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3006	+0.004%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3004	−0.073%	$996K	$214K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3001	−0.161%	$727K	$467K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3006	+0.004%	$1.7M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3002	−0.129%	$166K	$249K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3006	+0.014%	$95K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3000	−0.196%	$34K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2998	−0.262%	$115K	$48K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3003	−0.096%	$2.9M	$2.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2984	−0.728%	$62K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2996	−0.329%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0152%	1h	0.3006	−0.004%	$2.2M	$544K	25x	as long as short
01 Exchange JUPUSD	+0.0232%	1h	0.3010	+0.130%	$27K	$2K	5x	as long as short
Phoenix JUP	+0.0272%	1h	0.3007	+0.027%	$109K	$275K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0273%	1h	0.3003	−0.084%	$591K	$395K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.3008	+0.054%	$79K	$53K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3003	−0.096%	$823K	$383K	50x	as long as short