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 +0.001%

Price spread now: KuCoin against Lighter−0.121%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$108as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$980.980% of the position

Long on Lighter Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 7 days+0.022%+$2 · spread now −0.121%, 7d avg −0.056%

Together, before fees−0.075%+ Points / potential airdropLighter: Season 3 · farm board−$7 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: KuCoin is 0.065% cheaper against Lighter than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.2966	0.0096	pay 0.0012% / 1h	0m 28s	$783K	$1.0M	10x
Short	KuCoin JUPUSDTM	0.2962	0.0100	get 0.0050% / 4h	0m 28s	$4.0M	$6.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.121%Rate

Funding earned: $0.84
Price spread: −0.121% → −0.056%: −$6.53
Slippage, 4 orders: −$85.96
Fee Lighter: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$103.66
Costs to cover: 0.980%
Break-even: 870.8 days

Slippage from Lighter: live order book, 5 min ago; KuCoin: live order book, 7 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, 5 min ago	2.37 bp	6.7 bp −$7	44.7 bp −$447	doesn't fit	doesn't fit
Sell KuCoin live order book, 7 min ago	5.08 bp	28.9 bp −$29	103.2 bp −$1,032	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	0.2920	−1.538%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2961	−0.158%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2963	−0.095%	$282K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2964	−0.051%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2961	−0.146%	—	—	150x	as long as short
dYdX JUP-USD	+0.0008%	1h	0.2965	−0.006%	$39K	$24K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2959	−0.222%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0095%	1h	0.2964	−0.052%	$594K	$469K	20x	as long as short
Lighter JUPlong	+0.0096%	1h	0.2966	long leg	$783K	$1.0M	10x
Paradex JUP-USD-PERP	+0.0099%	8h	0.2963	−0.101%	$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	0.2962	−0.138%	$603K	$486K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2962	−0.125%	$18.6M	$9.4M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2963	−0.102%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2960	−0.199%	$16.3M	$40.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2957	−0.283%	$15.9M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2958	−0.256%	$4.0M	$11.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2949	−0.570%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2961	−0.155%	$734K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	−0.223%	$7.4M	$6.4M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2962	−0.121%	$4.0M	$6.6M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2961	−0.155%	$5.8M	$5.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	−0.189%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2963	−0.091%	$979K	$233K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2959	−0.206%	$723K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2958	−0.256%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2958	−0.256%	$157K	$250K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2967	+0.034%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	−0.155%	$31K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2958	−0.256%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2967	+0.047%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2958	−0.261%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2962	−0.111%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2970	+0.152%	$75K	$50K	50x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2961	−0.149%	$2.2M	$498K	25x	as long as short
Phoenix JUP	+0.0271%	1h	0.2964	−0.071%	$97K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2962	−0.121%	$838K	$376K	50x	as long as short