Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against BingX+0.166%7-day average +0.116% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

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

costs, in and out, $10k−$380.385% of the position

Long on BingX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.166%, 7d avg +0.116%

Together, before fees−0.017%+ 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 0.049% dearer against BingX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.116%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX JUP-USDT	0.2956	0.0100	pay 0.0050% / 4h	54m 39s	—	$20.7M	—
Short	Lighter JUP	0.2961	0.0096	get 0.0012% / 1h	54m 39s	$783K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against BingX. 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 BingXbpFee LighterbpOrdersPrice spread, now +0.166%Rate

Funding earned: −$0.84
Price spread: +0.166% → +0.116%: $4.93
Slippage, 4 orders: −$28.45
Fee BingX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$34.37
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; Lighter: 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 BingX live order book, 14 min ago	3.37 bp	8.4 bp −$8	11.5 bp −$115	24.4 bp −$2,440	124.6 bp −$62.3K
Sell Lighter live order book, 6 min ago	2.88 bp	11.7 bp −$12	57.2 bp −$572	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	−1.556%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2961	+0.171%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2958	+0.059%	$282K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2961	+0.162%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2962	+0.199%	—	—	150x	as long as short
dYdX JUP-USD	+0.0003%	1h	0.2960	+0.152%	$39K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2959	+0.093%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2961	+0.156%	$592K	$489K	20x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2961	+0.166%	$783K	$1.0M	10x
Paradex JUP-USD-PERP	+0.0099%	8h	0.2954	−0.084%	$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	0.2954	−0.068%	$596K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2961	+0.162%	$18.8M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	+0.203%	$114K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2955	−0.024%	$16.3M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2955	−0.047%	$15.8M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2953	−0.101%	$4.0M	$12.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.034%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2959	+0.101%	$735K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	+0.101%	$7.4M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	+0.169%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	0.000%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDTlong	+0.0100%	4h	0.2956	long leg	—	$20.7M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2962	+0.193%	$982K	$249K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2960	+0.136%	$722K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	−0.018%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2945	−0.372%	$156K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2962	+0.189%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	+0.169%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2952	−0.135%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	+0.271%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2962	+0.188%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2955	−0.047%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2964	+0.284%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2949	−0.247%	$98K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2961	+0.169%	$848K	$385K	50x	as long as short
Extended JUP-USD	+0.0432%	1h	0.2953	−0.108%	$2.2M	$502K	25x	as long as short