Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.004%

Price spread now: Lighter against HTX+0.304%7-day average +0.306% · you sell dearer than you buy

Net, funding: paid 7d − costs−$256as in the Funding arb table

Net, price: spread back to 7d avg − costs−$258as in the Price arb table

costs, in and out, $10k−$2572.574% of the position

Long on HTX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.010%+$1 on $10k

Price spread, last 3 days (all we have)−0.071%−$7 · spread now +0.304%, 7d avg +0.306%

Together, before fees−0.061%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JUP-USDT	0.2998	0.0100	pay 0.0050% / 4h	3h 20m	$113K	$54K	20x
Short	Lighter JUP	0.3007	0.0096	get 0.0012% / 1h	20m 24s	$754K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against HTX. 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 HTXbpFee LighterbpOrdersPrice spread, now +0.304%Rate

Funding earned: −$0.84
Price spread: +0.304% → +0.306%: −$0.26
Slippage, 4 orders: −$245.35
Fee HTX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$258.45
Costs to cover: 2.574%
Break-even: never at this rate

Slippage from HTX: live order book, 50 min ago; Lighter: live order book, 1 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 HTX live order book, 50 min ago	18.55 bp	124.0 bp −$124	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 1 min ago	3.82 bp	10.8 bp −$11	52.6 bp −$526	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	−0.4634%	1h	0.2976	−0.734%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3005	+0.232%	$286K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3006	+0.255%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.3006	+0.271%	$605K	$526K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0083%	1h	0.3005	+0.227%	$55K	$16K	10x	as long as short
01 Exchange JUPUSD	−0.0064%	1h	0.3006	+0.280%	$27K	$19K	5x	as long as short
OKX JUP-USDT-SWAP	−0.0013%	4h	0.3005	+0.233%	$4.1M	$15.8M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3005	+0.245%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0027%	1h	0.3005	+0.247%	$39K	$32K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3006	+0.252%	—	—	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	+0.0076%	8h	0.3004	+0.202%	$9K	$13K	10x	as long as short
Lighter JUPshort	+0.0096%	1h	0.3007	+0.304%	$754K	$1.3M	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3005	+0.233%	$31K	$45K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3003	+0.175%	$623K	$627K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3010	+0.410%	$19.3M	$11.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3007	+0.311%	$116K	$334K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3007	+0.300%	$16.6M	$49.1M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3004	+0.200%	$16.5M	$20.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3007	+0.308%	$63K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3006	+0.267%	$752K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3006	+0.267%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3007	+0.300%	$4.1M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3006	+0.267%	$5.9M	$6.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3004	+0.200%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3005	+0.220%	$994K	$229K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3002	+0.134%	$727K	$770K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3018	+0.667%	$1.7M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3011	+0.434%	$160K	$309K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3011	+0.420%	$95K	$112K	10x	as long as short
HTX JUP-USDTlong	+0.0100%	4h	0.2998	long leg	$113K	$54K	20x
Phemex JUPUSDT	+0.0100%	4h	0.3010	+0.400%	$2.9M	$3.7M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3005	+0.235%	$2.2M	$492K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3021	+0.761%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3016	+0.590%	$98K	$469K	10x	as long as short
BloFin JUP-USDT	+0.0247%	4h	0.3005	+0.233%	$848K	$349K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3008	+0.330%	$75K	$60K	50x	as long as short