Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%

Price spread now: HTX against Lighter−0.330%7-day average −0.306% · you buy dearer than you sell

Net, funding: paid 7d − costs−$255as in the Funding arb table

Net, price: spread back to 7d avg − costs−$257as in the Price arb table

costs, in and out, $10k−$2542.543% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)+0.097%+$10 · spread now −0.330%, 7d avg −0.306%

Together, before fees+0.088%+ Points / potential airdropLighter: Season 3 · farm board+$9 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: HTX is 0.024% cheaper against Lighter than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.306%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.2999	0.0096	pay 0.0012% / 1h	39m 55s	$754K	$1.3M	10x
Short	HTX JUP-USDT	0.2989	0.0100	get 0.0050% / 4h	3h 39m	$112K	$57K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.330%Rate

Funding earned: $0.84
Price spread: −0.330% → −0.306%: −$2.4
Slippage, 4 orders: −$242.28
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$255.84
Costs to cover: 2.543%
Break-even: 2139.0 days

Slippage from Lighter: live order book, 1 min ago; HTX: live order book, 31 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, 1 min ago	2.50 bp	10.6 bp −$11	48.8 bp −$488	doesn't fit	doesn't fit
Sell HTX live order book, 31 min ago	18.55 bp	112.8 bp −$113	doesn't fit	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	−0.4634%	1h	0.2959	−1.330%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.2994	−0.163%	$285K	$150K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2998	−0.017%	$17K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0117%	1h	0.2998	−0.037%	$55K	$16K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.2999	−0.010%	$604K	$538K	20x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2998	−0.032%	$17K	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0014%	4h	0.2996	−0.097%	$4.1M	$16.1M	50x	as long as short
01 Exchange JUPUSD	+0.0016%	1h	0.2998	−0.040%	$27K	$19K	5x	as long as short
dYdX JUP-USD	+0.0026%	1h	0.2995	−0.138%	$39K	$32K	5x	as long as short
BloFin JUP-USDT	+0.0052%	4h	0.2992	−0.230%	$848K	$317K	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2996	−0.112%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0081%	8h	0.2997	−0.069%	$9K	$13K	10x	as long as short
Lighter JUPlong	+0.0096%	1h	0.2999	long leg	$754K	$1.3M	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2997	−0.063%	$31K	$46K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2997	−0.080%	$622K	$633K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3002	+0.107%	$19.3M	$12.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2998	−0.025%	$115K	$336K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2997	−0.063%	$16.5M	$50.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2995	−0.130%	$16.4M	$21.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2987	−0.392%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2995	−0.130%	$756K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2997	−0.063%	$8.0M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2997	−0.063%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2997	−0.063%	$5.9M	$7.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2995	−0.130%	—	$21.0M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2998	−0.020%	$992K	$232K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2994	−0.162%	$727K	$776K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3001	+0.060%	$1.7M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2984	−0.497%	$159K	$312K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3002	+0.110%	$95K	$116K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2989	−0.330%	$112K	$57K	20x
Phemex JUPUSDT	+0.0100%	4h	0.3000	+0.037%	$2.9M	$3.8M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2995	−0.134%	$2.2M	$492K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2996	−0.097%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3005	+0.203%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3005	+0.213%	$75K	$89K	50x	as long as short