JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.048%

Price spread now: Hyperliquid against Lighter+0.051%7-day average +0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Lighter Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 4 days (all we have)−0.004%$0 · spread now +0.051%, 7d avg +0.015%

Together, before fees−0.019%+ Points / potential airdropLighter: Season 3 · Hyperliquid: Season 2 · farm board−$2 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: Hyperliquid is 0.036% dearer against Lighter than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.2953	0.0096	pay 0.0012% / 1h	57m 36s	$816K	$1.3M	10x
Short	Hyperliquid JUP	0.2955	0.0100	get 0.0013% / 1h	57m 36s	$18.9M	$14.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.051%Rate

Funding earned: $0.84
Price spread: +0.051% → +0.015%: $3.62
Slippage, 4 orders: −$33.87
Fee Lighter: 0 bp × 2 orders: $0
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$38.42
Costs to cover: 0.429%
Break-even: 327.1 days

Slippage from Lighter: live order book, 4 min ago; Hyperliquid: 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 Lighter live order book, 4 min ago	0.17 bp	12.8 bp −$13	48.2 bp −$482	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	1.69 bp	9.5 bp −$9	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	−0.3508%	1h	0.2922	−1.053%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0957% / S +0.0354%	1h	0.2951	−0.063%	$13K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0597%	1h	0.2950	−0.108%	$56K	$14K	10x	as long as short
Pacifica JUP	−0.0335%	1h	0.2951	−0.067%	$281K	$177K	10x	as long as short
01 Exchange JUPUSD	−0.0312%	1h	0.2951	−0.085%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2950	−0.089%	$598K	$623K	20x	as long as short
Bybit JUPUSDT	−0.0139%	4h	0.2949	−0.139%	$16.1M	$23.9M	50x	as long as short
Gate JUP_USDT	−0.0054%	4h	0.2950	−0.105%	$734K	$1.9M	75x	as long as short
Backpack JUP_USDC_PERP	−0.0052%	1h	0.2951	−0.085%	$976K	$263K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2954	+0.023%	$39K	$35K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix JUP	0.0000%	1h	0.2954	+0.041%	$94K	$440K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2952	−0.052%	$17K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2947	−0.196%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0068%	8h	0.2950	−0.089%	$9K	$15K	10x	as long as short
Variational Omni JUP	+0.0076%	4h	0.2952	−0.024%	$722K	$1.1M	—	as long as short
Lighter JUPlong	+0.0096%	1h	0.2953	long leg	$816K	$1.3M	10x
Nado JUP-PERP	+0.0100%	1h	0.2949	−0.130%	$610K	$678K	10x	as long as short
Hyperliquid JUPshort	+0.0100%	1h	0.2955	+0.051%	$18.9M	$14.0M	10x
Aster JUPUSDT	+0.0100%	4h	0.2952	−0.026%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2950	−0.105%	$16.3M	$56.1M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2949	−0.139%	$4.1M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2951	−0.071%	$8.0M	$7.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2953	−0.003%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2950	−0.105%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2950	−0.105%	—	$20.9M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2956	+0.112%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	+0.098%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2954	+0.017%	$93K	$139K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2950	−0.105%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2942	−0.376%	$110K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2955	+0.064%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	+0.030%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2950	−0.120%	$2.2M	$541K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2949	−0.156%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0141%	4h	0.2950	−0.105%	$854K	$336K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.233%	$74K	$94K	50x	as long as short