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 +0.005%

Price spread now: Lighter against Binance+0.109%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−0.098%−$10 · spread now +0.109%, 7d avg +0.085%

Together, before fees−0.019%+ Points / potential airdropLighter: 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 0.024% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance JUPUSDT	0.2966	0.0100	pay 0.0050% / 4h	59m 57s	$16.4M	$54.0M	75x
Short	Lighter JUP	0.2969	0.0096	get 0.0012% / 1h	59m 57s	$796K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. 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 BinancebpFee LighterbpOrdersPrice spread, now +0.109%Rate

Funding earned: −$0.84
Price spread: +0.109% → +0.085%: $2.38
Slippage, 4 orders: −$27.75
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$36.21
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from Binance: live order book, 12 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 Binance live order book, 12 min ago	1.69 bp	10.8 bp −$11	29.9 bp −$299	328.3 bp −$32.8K	doesn't fit
Sell Lighter live order book, 11 min ago	1.86 bp	7.5 bp −$7	50.1 bp −$501	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	0.2923	−1.459%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2968	+0.071%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2968	+0.044%	$283K	$169K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0175%	1h	0.2969	+0.077%	$602K	$618K	20x	as long as short
01 Exchange JUPUSD	−0.0016%	1h	0.2969	+0.102%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2968	+0.065%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2969	+0.081%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0032%	4h	0.2965	−0.043%	$747K	$1.9M	75x	as long as short
BloFin JUP-USDT	+0.0042%	4h	0.2968	+0.058%	$845K	$328K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2965	−0.032%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JUPUSDT	+0.0067%	4h	0.2965	−0.043%	$16.2M	$23.1M	50x	as long as short
Paradex JUP-USD-PERP	+0.0078%	8h	0.2967	+0.029%	$9K	$13K	10x	as long as short
Backpack JUP_USDC_PERP	+0.0084%	1h	0.2968	+0.048%	$982K	$252K	10x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2969	+0.109%	$796K	$1.3M	10x
Nado JUP-PERP	+0.0100%	1h	0.2966	−0.018%	$613K	$669K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2972	+0.206%	$19.1M	$13.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2968	+0.062%	$107K	$359K	10x	as long as short
Binance JUPUSDTlong	+0.0100%	4h	0.2966	long leg	$16.4M	$54.0M	75x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2964	−0.077%	$4.0M	$16.5M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2967	+0.024%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2969	+0.092%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2967	+0.024%	$5.7M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2965	−0.043%	—	$20.9M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2961	−0.175%	$715K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2962	−0.154%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2960	−0.212%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2973	+0.227%	$94K	$130K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2968	+0.058%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2962	−0.144%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2971	+0.159%	$2.9M	$4.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2966	−0.009%	$58K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2967	+0.022%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0120%	1h	0.2969	+0.077%	$39K	$35K	5x	as long as short
Phoenix JUP	+0.0190%	1h	0.2962	−0.161%	$96K	$441K	10x	as long as short
Extended JUP-USD	+0.0200%	1h	0.2965	−0.054%	$2.2M	$505K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2972	+0.203%	$74K	$94K	50x	as long as short