Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.024%

Price spread now: Gate against Lighter−0.635%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$80as in the Funding arb table

Net, price: spread back to 7d avg − costs−$121as in the Price arb table

costs, in and out, $10k−$690.688% of the position

Long on Lighter Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.108%−$11 on $10k

Price spread, last 7 days+0.506%+$51 · spread now −0.635%, 7d avg −0.113%

Together, before fees+0.398%+ Points / potential airdropLighter: Season 3 · farm board+$40 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: Gate is 0.521% cheaper against Lighter than usual: you would sell low and buy high, −$52 on $10k if it goes back to its 7-day average of −0.113%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.2963	0.0096	pay 0.0012% / 1h	31m 28s	$783K	$1.0M	10x
Short	Gate JUP_USDT	0.2944	0.0100	get 0.0050% / 4h	31m 28s	$729K	$1.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.635%Rate

Funding earned: $0.84
Price spread: −0.635% → −0.113%: −$52.14
Slippage, 4 orders: −$53.78
Fee Lighter: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$120.07
Costs to cover: 0.688%
Break-even: 1007.6 days

Slippage from Lighter: live order book, 9 min ago; Gate: live order book, 1 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, 9 min ago	2.89 bp	9.6 bp −$10	46.2 bp −$462	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.38 bp	24.2 bp −$24	101.3 bp −$1,013	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	−0.4661%	1h	0.2901	−2.086%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2945	−0.607%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2961	−0.073%	$282K	$147K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2945	−0.609%	—	—	150x	as long as short
dYdX JUP-USD	+0.0016%	1h	0.2960	−0.079%	$39K	$25K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2944	−0.651%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2961	−0.070%	$592K	$482K	20x	as long as short
Lighter JUPlong	+0.0096%	1h	0.2963	long leg	$783K	$1.0M	10x
Paradex JUP-USD-PERP	+0.0099%	8h	0.2962	−0.041%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2943	−0.651%	$592K	$497K	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	0.2946	−0.557%	$18.6M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2960	−0.093%	$110K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2946	−0.555%	$16.2M	$41.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2943	−0.685%	$15.8M	$18.5M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2944	−0.635%	$4.0M	$11.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.905%	$61K	$8K	10x	as long as short
Gate JUP_USDTshort	+0.0100%	4h	0.2944	−0.635%	$729K	$1.4M	75x
MEXC JUP_USDT	+0.0100%	4h	0.2942	−0.702%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2944	−0.635%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2942	−0.702%	$5.7M	$5.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2946	−0.567%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2959	−0.115%	$981K	$237K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2927	−1.209%	$715K	$659K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2938	−0.830%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2944	−0.635%	$156K	$253K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2945	−0.587%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2945	−0.601%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2952	−0.365%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2961	−0.061%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2954	−0.280%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0160%	1h	0.2946	−0.554%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2942	−0.719%	$74K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2959	−0.145%	$97K	$304K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0325%	1h	0.2958	−0.172%	$54K	$16K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2944	−0.635%	$837K	$383K	50x	as long as short
Extended JUP-USD	+0.0440%	1h	0.2961	−0.070%	$2.2M	$502K	25x	as long as short