JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.047%

Price spread now: Lighter against Hyperliquid−0.034%7-day average −0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Hyperliquid Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now −0.034%, 7d avg −0.016%

Together, before fees+0.028%+ Points / potential airdropHyperliquid: Season 2 · Lighter: Season 3 · farm board+$3 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid JUP	0.2966	0.0100	pay 0.0013% / 1h	2m 57s	$19.1M	$13.3M	10x
Short	Lighter JUP	0.2965	0.0096	get 0.0012% / 1h	2m 57s	$795K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Hyperliquid. 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 HyperliquidbpFee LighterbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$0.84
Price spread: −0.034% → −0.016%: −$1.78
Slippage, 4 orders: −$27.27
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Lighter: 0 bp × 2 orders: $0
Net: −$38.89
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 10 min ago; Lighter: live order book, 8 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 Hyperliquid live order book, 10 min ago	0.85 bp	10.7 bp −$11	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 8 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	−1.440%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2960	−0.198%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2964	−0.063%	$282K	$169K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0175%	1h	0.2963	−0.092%	$601K	$618K	20x	as long as short
01 Exchange JUPUSD	−0.0016%	1h	0.2963	−0.094%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	−0.192%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2961	−0.154%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0016%	4h	0.2960	−0.192%	$746K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2957	−0.298%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0065%	4h	0.2960	−0.182%	$16.2M	$23.1M	50x	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	+0.0077%	8h	0.2963	−0.098%	$9K	$13K	10x	as long as short
Backpack JUP_USDC_PERP	+0.0082%	1h	0.2961	−0.145%	$980K	$254K	10x	as long as short
BloFin JUP-USDT	+0.0088%	4h	0.2958	−0.260%	$842K	$327K	50x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2965	−0.034%	$795K	$1.3M	10x
Nado JUP-PERP	+0.0100%	1h	0.2957	−0.276%	$612K	$669K	10x	as long as short
Hyperliquid JUPlong	+0.0100%	1h	0.2966	long leg	$19.1M	$13.3M	10x
Aster JUPUSDT	+0.0100%	4h	0.2964	−0.071%	$107K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2961	−0.175%	$16.3M	$54.1M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2960	−0.192%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	−0.428%	$57K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2961	−0.158%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2964	−0.057%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2960	−0.192%	$5.7M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2962	−0.125%	—	$20.9M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2956	−0.324%	$714K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2962	−0.135%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2958	−0.260%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	−0.044%	$93K	$130K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	−0.158%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2958	−0.260%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2968	+0.078%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	−0.192%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0121%	1h	0.2965	−0.038%	$39K	$35K	5x	as long as short
Phoenix JUP	+0.0190%	1h	0.2962	−0.142%	$95K	$441K	10x	as long as short
Extended JUP-USD	+0.0200%	1h	0.2959	−0.211%	$2.2M	$505K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2964	−0.057%	$74K	$94K	50x	as long as short