JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0165%/8h= −18.0% APRnext payment −$0.21 per $10,000 · paid last 24h −0.027%

Price spread now: Lighter against Kraken Futures−0.078%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$143as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$790.786% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.639%−$64 on $10k

Price spread, last 4 days (all we have)−0.075%−$7 · spread now −0.078%, 7d avg −0.004%

Together, before fees−0.714%+ Points / potential airdropLighter: Season 3 · farm board−$71 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Lighter is 0.074% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.004%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JUPUSD	0.2898	0.0261	pay 0.0033% / 1h	23m 39s	$572K	$463K	20x
Short	Lighter JUP	0.2896	0.0096	get 0.0012% / 1h	23m 39s	$755K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now −0.078%Rate

Funding earned: −$34.57
Price spread: −0.078% → −0.004%: −$7.41
Slippage, 4 orders: −$68.61
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$120.59
Costs to cover: 0.786%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 24 min ago; Lighter: live order book, 2 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 Kraken Futures live order book, 24 min ago	20.33 bp	26.9 bp −$27	129.0 bp −$1,290	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	8.27 bp	11.4 bp −$11	51.6 bp −$516	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	−0.4499%	1h	0.2910	+0.419%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2895	−0.114%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2893	−0.160%	$276K	$142K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2898	−0.012%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2895	−0.091%	—	—	150x	as long as short
dYdX JUP-USD	+0.0011%	1h	0.2897	−0.013%	$38K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2893	−0.158%	—	—	20x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2896	−0.078%	$755K	$1.0M	10x
Paradex JUP-USD-PERP	+0.0100%	8h	0.2892	−0.200%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2895	−0.081%	$574K	$493K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2894	−0.123%	$18.0M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2894	−0.133%	$107K	$280K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2894	−0.133%	$15.9M	$39.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2893	−0.185%	$15.6M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2893	−0.167%	$4.0M	$10.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2909	+0.401%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2893	−0.167%	$715K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2894	−0.133%	$6.7M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2894	−0.133%	$3.9M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2895	−0.098%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2893	−0.167%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2896	−0.050%	$955K	$190K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2892	−0.201%	$702K	$630K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2906	+0.281%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2892	−0.202%	$159K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2896	−0.057%	$91K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2896	−0.064%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2889	−0.305%	$109K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2896	−0.064%	$39K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2893	−0.161%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0144%	1h	0.2891	−0.238%	$2.1M	$527K	25x	as long as short
Kraken Futures PF_JUPUSDlong	+0.0261%	1h	0.2898	long leg	$572K	$463K	20x
Phoenix JUP	+0.0271%	1h	0.2907	+0.305%	$97K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2909	+0.388%	$74K	$48K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2895	−0.098%	$819K	$372K	50x	as long as short
Phemex JUPUSDT	+0.0513%	4h	0.2903	+0.178%	$2.8M	$3.0M	50x	as long as short