JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0123%/8h= +13.5% APRnext payment +$0.15 per $10,000 · paid last 24h +0.011%

Price spread now: Lighter against Backpack+0.058%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Backpack Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.034%+$3 · spread now +0.058%, 7d avg +0.062%

Together, before fees+0.013%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.062%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack JUP_USDC_PERP	0.2956	−0.0027	get 0.0003% / 1h	34m 22s	$977K	$187K	10x
Short	Lighter JUP	0.2958	0.0096	get 0.0012% / 1h	34m 22s	$780K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Backpack. 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 BackpackbpFee LighterbpOrdersPrice spread, now +0.058%Rate

Funding earned: $25.83
Price spread: +0.058% → +0.062%: −$0.49
Slippage, 4 orders: −$23.83
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$8.49
Costs to cover: 0.338%
Break-even: 9.3 days

Slippage from Backpack: live order book, 20 min ago; Lighter: live order book, 11 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 Backpack live order book, 20 min ago	1.35 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 11 min ago	2.87 bp	10.0 bp −$10	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	−0.5000%	1h	0.2918	−1.296%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2951	−0.183%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2954	−0.084%	$281K	$146K	10x	as long as short
Backpack JUP_USDC_PERPlong	−0.0027%	1h	0.2956	long leg	$977K	$187K	10x
dYdX JUP-USD	0.0000%	1h	0.2954	−0.062%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2950	−0.196%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2952	−0.159%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2950	−0.212%	—	—	20x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2958	+0.058%	$780K	$1.0M	10x
Paradex JUP-USD-PERP	+0.0099%	8h	0.2953	−0.115%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2952	−0.137%	$597K	$487K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2954	−0.088%	$18.5M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2956	−0.021%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2951	−0.193%	$16.2M	$39.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2949	−0.247%	$15.9M	$17.8M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2951	−0.179%	$4.0M	$11.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2953	−0.112%	$733K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2952	−0.145%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2953	−0.112%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2953	−0.112%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2953	−0.112%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2951	−0.180%	$721K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	−0.213%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2955	−0.044%	$163K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2954	−0.061%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2951	−0.179%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2947	−0.315%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2958	+0.058%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.088%	$62K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2948	−0.267%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0168%	1h	0.2954	−0.064%	$26K	$17K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2958	+0.049%	$591K	$467K	20x	as long as short
Phoenix JUP	+0.0216%	1h	0.2954	−0.091%	$97K	$283K	10x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2949	−0.251%	$2.2M	$498K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2961	+0.149%	$75K	$50K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2956	−0.010%	$832K	$375K	50x	as long as short