JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0225%/8h= −24.7% APRnext payment −$0.28 per $10,000 · paid last 24h −0.060%

Price spread now: Pacifica against Polymarket Perps−0.011%7-day average −0.117% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$550.548% of the position

Long on Polymarket Perps Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days−0.028%−$3 on $10k

Price spread, last 4 days (all we have)−0.606%−$61 · spread now −0.011%, 7d avg −0.117%

Together, before fees−0.635%+ Points / potential airdropPacifica: Active · farm board−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Pacifica is 0.106% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.011% now, against its 7-day average of −0.117%): +$11 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 7 days (−0.028% in total) that is about 26 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.028% in total (about -1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.28 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	Polymarket Perps JUP-USD	0.2938	0.0100	pay 0.0013% / 1h	49m 56s	$92K	$104K	10x
Short	Pacifica JUP	0.2937	−0.0125	pay 0.0016% / 1h	49m 56s	$280K	$147K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Polymarket Perps. 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 Polymarket PerpsbpFee PacificabpOrdersPrice spread, now −0.011%Rate

Funding earned: −$47.28
Price spread: −0.011% → −0.117%: $10.58
Slippage, 4 orders: −$38.82
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$91.52
Costs to cover: 0.548%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 7 min ago; Pacifica: live order book, 8 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 Polymarket Perps live order book, 7 min ago	3.37 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Pacifica live order book, 8 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	−0.943%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2936	−0.066%	$16K	—	100x	as long as short
Pacifica JUPshort	−0.0125%	1h	0.2937	−0.011%	$280K	$147K	10x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2936	−0.065%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2936	−0.067%	—	—	150x	as long as short
dYdX JUP-USD	+0.0002%	1h	0.2936	−0.075%	$38K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2934	−0.142%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0064%	1h	0.2937	−0.031%	$26K	$19K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2937	−0.034%	$777K	$1.0M	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2935	−0.077%	$587K	$489K	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0098%	8h	0.2938	+0.017%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2935	−0.092%	$592K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2937	−0.037%	$18.6M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2936	−0.070%	$113K	$288K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2934	−0.126%	$16.2M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2931	−0.228%	$15.8M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2934	−0.126%	$4.0M	$12.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.657%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2933	−0.160%	$728K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2934	−0.126%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2934	−0.126%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2934	−0.126%	$5.7M	$5.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2932	−0.194%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2934	−0.129%	$973K	$241K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2933	−0.160%	$717K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	+0.385%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2950	+0.419%	$157K	$265K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2938	long leg	$92K	$104K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2935	−0.092%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2927	−0.364%	$110K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2940	+0.078%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2930	−0.254%	$40K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2940	+0.095%	$74K	$49K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2965	+0.926%	$99K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2936	−0.058%	$841K	$381K	50x	as long as short
Extended JUP-USD	+0.0384%	1h	0.2931	−0.211%	$2.2M	$502K	25x	as long as short