Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against KuCoin−0.154%7-day average +0.059% · you buy dearer than you sell

Net, funding: paid 7d − costs−$102as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1101.099% of the position

Long on KuCoin Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 7 days+0.292%+$29 · spread now −0.154%, 7d avg +0.059%

Together, before fees+0.372%+ Points / potential airdropLighter: Season 3 · farm board+$37 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 0.213% cheaper against KuCoin than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2916	0.0100	pay 0.0050% / 4h	2h 20m	$4.0M	$6.6M	50x
Short	Lighter JUP	0.2912	0.0096	get 0.0012% / 1h	20m 57s	$757K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against KuCoin. 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 KuCoinbpFee LighterbpOrdersPrice spread, now −0.154%Rate

Funding earned: −$0.84
Price spread: −0.154% → +0.059%: −$21.3
Slippage, 4 orders: −$97.91
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$132.06
Costs to cover: 1.099%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Lighter: live order book, 5 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 KuCoin live order book, 2 min ago	5.17 bp	41.8 bp −$42	124.6 bp −$1,246	doesn't fit	doesn't fit
Sell Lighter live order book, 5 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	0.2868	−1.646%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2911	−0.170%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2914	−0.074%	$278K	$142K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2910	−0.216%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2913	−0.114%	—	—	150x	as long as short
dYdX JUP-USD	+0.0011%	1h	0.2912	−0.121%	$39K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2915	−0.033%	—	—	20x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2912	−0.154%	$757K	$1.0M	10x
Paradex JUP-USD-PERP	+0.0100%	8h	0.2914	−0.054%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2915	−0.017%	$578K	$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	0.2915	−0.038%	$18.1M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2915	−0.032%	$106K	$281K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2915	−0.036%	$16.0M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2913	−0.110%	$15.8M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2918	+0.069%	$4.0M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2899	−0.583%	$60K	$280	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2914	−0.069%	$715K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2916	0.000%	$6.7M	$6.1M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2916	long leg	$4.0M	$6.6M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2917	+0.034%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2912	−0.137%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2911	−0.171%	$959K	$191K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2909	−0.240%	$706K	$626K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2896	−0.692%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2892	−0.823%	$159K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2918	+0.055%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2910	−0.206%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2902	−0.480%	$109K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2908	−0.291%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2917	+0.021%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0136%	1h	0.2918	+0.066%	$2.2M	$556K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0260%	1h	0.2910	−0.214%	$574K	$463K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2905	−0.370%	$97K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2917	+0.045%	$74K	$48K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2910	−0.206%	$819K	$374K	50x	as long as short
Phemex JUPUSDT	+0.0422%	4h	0.2914	−0.069%	$2.9M	$3.0M	50x	as long as short