Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h 0.000%

Price spread now: BloFin against Lighter+0.081%7-day average −0.093% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as in the Funding arb table

Net, price: spread back to 7d avg − costs−$23as in the Price arb table

costs, in and out, $10k−$410.407% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.283%+$28 on $10k

Price spread, last 4 days (all we have)−0.110%−$11 · spread now +0.081%, 7d avg −0.093%

Together, before fees+0.173%+ Points / potential airdropLighter: Season 3 · farm board+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.175% dearer against Lighter than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.093%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.2951	0.0096	pay 0.0012% / 1h	28m 40s	$779K	$1.0M	10x
Short	BloFin JUP-USDT	0.2953	0.0340	get 0.0170% / 4h	28m 40s	$835K	$385K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.081%Rate

Funding earned: $51.24
Price spread: +0.081% → −0.093%: $17.46
Slippage, 4 orders: −$28.67
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: $28.03
Costs to cover: 0.407%
Break-even: 3.2 days

Slippage from Lighter: live order book, 2 min ago; BloFin: 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 Lighter live order book, 2 min ago	4.07 bp	10.4 bp −$10	62.2 bp −$622	doesn't fit	doesn't fit
Sell BloFin live order book, 8 min ago	3.41 bp	9.5 bp −$10	23.9 bp −$239	82.9 bp −$8,290	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	−0.4661%	1h	0.2907	−1.478%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2953	+0.078%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2947	−0.112%	$281K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2954	+0.105%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2952	+0.056%	—	—	150x	as long as short
dYdX JUP-USD	+0.0014%	1h	0.2948	−0.072%	$39K	$25K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	+0.023%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2956	+0.188%	$592K	$487K	20x	as long as short
Lighter JUPlong	+0.0096%	1h	0.2951	long leg	$779K	$1.0M	10x
Paradex JUP-USD-PERP	+0.0099%	8h	0.2948	−0.086%	$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	0.2951	+0.014%	$593K	$497K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2949	−0.037%	$18.6M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2948	−0.092%	$109K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2949	−0.054%	$16.3M	$41.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2945	−0.186%	$15.8M	$18.5M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2948	−0.088%	$4.0M	$11.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.495%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2946	−0.156%	$725K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2948	−0.088%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2948	−0.088%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2947	−0.122%	$5.8M	$5.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2947	−0.122%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2949	−0.044%	$977K	$238K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2941	−0.326%	$718K	$643K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2947	−0.122%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2944	−0.224%	$156K	$253K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2955	+0.136%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	+0.081%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2945	−0.190%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2954	+0.115%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2953	+0.081%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0168%	1h	0.2954	+0.132%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2954	+0.122%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2959	+0.268%	$97K	$304K	10x	as long as short
BloFin JUP-USDTshort	+0.0340%	4h	0.2953	+0.081%	$835K	$385K	50x
Extended JUP-USD	+0.0472%	1h	0.2946	−0.164%	$2.2M	$502K	25x	as long as short