Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.006%

Price spread now: Lighter against Aster+0.018%7-day average +0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$460.464% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)+0.018%+$2 · spread now +0.018%, 7d avg +0.064%

Together, before fees+0.025%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board+$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.046% cheaper against Aster than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JUPUSDT	0.2957	0.0100	pay 0.0050% / 4h	1h 41m	$106K	$367K	10x
Short	Lighter JUP	0.2957	0.0096	get 0.0012% / 1h	41m 54s	$793K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.018%Rate

Funding earned: −$0.84
Price spread: +0.018% → +0.064%: −$4.58
Slippage, 4 orders: −$38.36
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$51.78
Costs to cover: 0.464%
Break-even: never at this rate

Slippage from Aster: live order book, 40 min ago; Lighter: live order book, 4 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 Aster live order book, 40 min ago	3.35 bp	19.9 bp −$20	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 4 min ago	1.69 bp	8.0 bp −$8	54.0 bp −$540	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	−0.3508%	1h	0.2918	−1.314%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0536% / S +0.0371%	1h	0.2957	+0.005%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2956	−0.032%	$282K	$173K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2955	−0.060%	$599K	$619K	20x	as long as short
01 Exchange JUPUSD	−0.0104%	1h	0.2959	+0.059%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0021%	1h	0.2957	−0.012%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2958	+0.022%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0008%	4h	0.2955	−0.063%	$735K	$1.9M	75x	as long as short
Bybit JUPUSDT	+0.0040%	4h	0.2956	−0.029%	$16.2M	$23.8M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2955	−0.062%	—	—	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	+0.0066%	8h	0.2956	−0.027%	$9K	$15K	10x	as long as short
dYdX JUP-USD	+0.0074%	1h	0.2958	+0.026%	$39K	$35K	5x	as long as short
BloFin JUP-USDT	+0.0076%	4h	0.2954	−0.097%	$851K	$331K	50x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2957	+0.018%	$793K	$1.3M	10x
Nado JUP-PERP	+0.0100%	1h	0.2956	−0.029%	$613K	$673K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2961	+0.130%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDTlong	+0.0100%	4h	0.2957	long leg	$106K	$367K	10x
Binance JUPUSDT	+0.0100%	4h	0.2957	+0.005%	$16.3M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2957	+0.005%	$4.1M	$16.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2952	−0.165%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2958	+0.038%	$7.9M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2960	+0.106%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2955	−0.063%	$5.6M	$8.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2955	−0.063%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2957	+0.001%	$979K	$260K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2947	−0.326%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2954	−0.098%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2954	−0.097%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2961	+0.130%	$93K	$137K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2957	+0.005%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2949	−0.266%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2961	+0.140%	$2.9M	$4.1M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2956	−0.039%	$2.2M	$540K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2955	−0.046%	$40K	—	3x	as long as short
Phoenix JUP	+0.0190%	1h	0.2956	−0.026%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.104%	$74K	$94K	50x	as long as short