Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.024%

Price spread now: Lighter against Gate+0.003%7-day average +0.115% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$730.732% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.108%+$11 on $10k

Price spread, last 7 days+0.134%+$13 · spread now +0.003%, 7d avg +0.115%

Together, before fees+0.242%+ Points / potential airdropLighter: Season 3 · farm board+$24 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 0.111% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.115%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JUP_USDT	0.2976	0.0100	pay 0.0050% / 4h	1h 22m	$743K	$1.4M	75x
Short	Lighter JUP	0.2976	0.0096	get 0.0012% / 1h	22m 31s	$786K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$0.84
Price spread: +0.003% → +0.115%: −$11.15
Slippage, 4 orders: −$58.24
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$85.23
Costs to cover: 0.732%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Lighter: live order book, 3 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 Gate live order book, 5 min ago	5.08 bp	25.4 bp −$25	106.3 bp −$1,063	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	2.87 bp	12.8 bp −$13	58.5 bp −$585	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	−1.949%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2972	−0.120%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2973	−0.090%	$283K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2973	−0.091%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2976	+0.008%	—	—	150x	as long as short
Bybit JUPUSDT	+0.0056%	4h	0.2974	−0.084%	$15.9M	$19.1M	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2974	−0.059%	—	—	20x	as long as short
OKX JUP-USDT-SWAP	+0.0087%	4h	0.2975	−0.034%	$4.1M	$12.4M	50x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2976	+0.003%	$786K	$1.1M	10x
Paradex JUP-USD-PERP	+0.0098%	8h	0.2977	+0.017%	$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	0.2976	+0.017%	$601K	$507K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2979	+0.087%	$18.9M	$9.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2976	+0.004%	$115K	$297K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2975	−0.029%	$16.4M	$42.7M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2958	−0.605%	$62K	$8K	10x	as long as short
Gate JUP_USDTlong	+0.0100%	4h	0.2976	long leg	$743K	$1.4M	75x
MEXC JUP_USDT	+0.0100%	4h	0.2974	−0.067%	$7.4M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2976	0.000%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2976	0.000%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2975	−0.034%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2972	−0.141%	$987K	$247K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2954	−0.743%	$721K	$697K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	−0.706%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2960	−0.538%	$157K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2979	+0.087%	$94K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2972	−0.134%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2965	−0.370%	$112K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2975	−0.034%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2970	−0.185%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0116%	1h	0.2972	−0.121%	$39K	$26K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0199%	1h	0.2972	−0.119%	$595K	$488K	20x	as long as short
01 Exchange JUPUSD	+0.0200%	1h	0.2979	+0.087%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2972	−0.131%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2961	−0.507%	$97K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2973	−0.101%	$850K	$382K	50x	as long as short
Extended JUP-USD	+0.0384%	1h	0.2974	−0.077%	$2.2M	$495K	25x	as long as short