JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0163%/8h= +17.8% APRnext payment +$0.20 per $10,000 · paid last 24h +0.027%

Price spread now: Kraken Futures against Lighter−0.055%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$750.748% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.639%+$64 on $10k

Price spread, last 4 days (all we have)+0.208%+$21 · spread now −0.055%, 7d avg +0.004%

Together, before fees+0.847%+ Points / potential airdropLighter: Season 3 · farm board+$85 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.059% cheaper against Lighter than usual: you would sell low and buy high (spread −0.055% now, against its 7-day average of +0.004%). If the spread goes back, that is −$6 on $10k: about 29 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.2922	0.0096	pay 0.0012% / 1h	38m 04s	$770K	$1.0M	10x
Short	Kraken Futures PF_JUPUSD	0.2920	0.0259	get 0.0032% / 1h	38m 04s	$580K	$458K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.055%Rate

Funding earned: $34.14
Price spread: −0.055% → +0.004%: −$5.89
Slippage, 4 orders: −$64.79
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$46.54
Costs to cover: 0.748%
Break-even: 16.5 days

Slippage from Lighter: live order book, 3 min ago; Kraken Futures: live order book, 10 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, 3 min ago	3.08 bp	9.1 bp −$9	45.0 bp −$450	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 10 min ago	20.33 bp	27.7 bp −$28	108.2 bp −$1,082	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	−0.4499%	1h	0.2910	−0.414%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2919	−0.116%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2918	−0.141%	$278K	$145K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2920	−0.065%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2920	−0.089%	—	—	150x	as long as short
dYdX JUP-USD	+0.0019%	1h	0.2919	−0.121%	$39K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2920	−0.069%	—	—	20x	as long as short
Lighter JUPlong	+0.0096%	1h	0.2922	long leg	$770K	$1.0M	10x
Paradex JUP-USD-PERP	+0.0100%	8h	0.2917	−0.188%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2919	−0.098%	$578K	$494K	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	0.2921	−0.027%	$18.3M	$8.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2918	−0.140%	$108K	$270K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2918	−0.148%	$16.0M	$39.3M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2914	−0.277%	$15.7M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2916	−0.209%	$4.0M	$10.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2938	+0.544%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2919	−0.106%	$717K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2919	−0.106%	$7.1M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2920	−0.072%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2920	−0.072%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2918	−0.140%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2920	−0.065%	$965K	$189K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2921	−0.037%	$715K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2926	+0.144%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2926	+0.133%	$161K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2922	−0.014%	$92K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2919	−0.106%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2910	−0.414%	$109K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2919	−0.105%	$40K	—	3x	as long as short
Phemex JUPUSDT	+0.0120%	4h	0.2923	+0.031%	$2.9M	$3.0M	50x	as long as short
01 Exchange JUPUSD	+0.0136%	1h	0.2919	−0.099%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0176%	1h	0.2918	−0.124%	$2.2M	$509K	25x	as long as short
Kraken Futures PF_JUPUSDshort	+0.0259%	1h	0.2920	−0.055%	$580K	$458K	20x
Phoenix JUP	+0.0271%	1h	0.2920	−0.082%	$98K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2968	+1.564%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2916	−0.209%	$827K	$376K	50x	as long as short