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: Binance against Lighter−0.112%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on Lighter Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 7 days−0.046%−$5 · spread now −0.112%, 7d avg −0.101%

Together, before fees−0.107%+ Points / potential airdropLighter: Season 3 · farm board−$11 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.2937	0.0096	pay 0.0012% / 1h	43m 13s	$774K	$1.0M	10x
Short	Binance JUPUSDT	0.2934	0.0100	get 0.0050% / 4h	2h 43m	$16.1M	$39.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Lighter. 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 LighterbpFee BinancebpOrdersPrice spread, now −0.112%Rate

Funding earned: $0.84
Price spread: −0.112% → −0.101%: −$1.13
Slippage, 4 orders: −$35.03
Fee Lighter: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$45.32
Costs to cover: 0.450%
Break-even: 384.7 days

Slippage from Lighter: live order book, 2 min ago; Binance: live order book, 14 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 Lighter live order book, 2 min ago	2.89 bp	8.9 bp −$9	47.2 bp −$472	doesn't fit	doesn't fit
Sell Binance live order book, 14 min ago	1.69 bp	13.8 bp −$14	31.9 bp −$319	143.9 bp −$14.4K	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	−0.929%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2937	−0.025%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2938	+0.033%	$280K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0022%	1h	0.2936	−0.037%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2938	+0.021%	—	—	150x	as long as short
dYdX JUP-USD	+0.0025%	1h	0.2939	+0.072%	$38K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2936	−0.042%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0094%	4h	0.2931	−0.214%	$15.8M	$17.7M	50x	as long as short
Lighter JUPlong	+0.0096%	1h	0.2937	long leg	$774K	$1.0M	10x
Paradex JUP-USD-PERP	+0.0100%	8h	0.2939	+0.043%	$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	0.2938	+0.015%	$592K	$487K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2940	+0.099%	$18.5M	$8.8M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2936	−0.037%	$108K	$270K	10x	as long as short
Binance JUPUSDTshort	+0.0100%	4h	0.2934	−0.112%	$16.1M	$39.3M	75x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2935	−0.078%	$4.1M	$10.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	+0.586%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2936	−0.044%	$725K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2937	−0.010%	$7.3M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2938	+0.024%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2934	−0.112%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2937	−0.010%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2940	+0.078%	$973K	$188K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2940	+0.091%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2941	+0.126%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2944	+0.228%	$162K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2941	+0.112%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2937	−0.010%	$30K	$26K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2930	−0.249%	$110K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2938	+0.024%	$2.9M	$3.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2934	−0.095%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0168%	1h	0.2940	+0.099%	$26K	$11K	5x	as long as short
Extended JUP-USD	+0.0200%	1h	0.2932	−0.172%	$2.2M	$505K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0257%	1h	0.2936	−0.039%	$583K	$458K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2951	+0.460%	$99K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2968	+1.038%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2935	−0.078%	$829K	$376K	50x	as long as short