Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against Lighter−0.087%7-day average −0.089% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 4 days (all we have)−0.011%−$1 · spread now −0.087%, 7d avg −0.089%

Together, before fees−0.090%+ Points / potential airdropLighter: Season 3 · farm board−$9 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.2984	0.0096	pay 0.0012% / 1h	29m 15s	$797K	$1.4M	10x
Short	MEXC JUP_USDT	0.2981	0.0100	get 0.0050% / 4h	29m 15s	$8.1M	$7.7M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.087%Rate

Funding earned: $0.84
Price spread: −0.087% → −0.089%: $0.22
Slippage, 4 orders: −$28.07
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$27.01
Costs to cover: 0.281%
Break-even: 232.1 days

Slippage from Lighter: live order book, 2 min ago; MEXC: live order book, 4 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, 2 min ago	3.02 bp	11.0 bp −$11	47.5 bp −$475	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	1.67 bp	3.5 bp −$4	10.0 bp −$100	84.8 bp −$8,481	246.6 bp −$123.3K

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	−0.4371%	1h	0.2950	−1.126%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2982	−0.068%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0208%	1h	0.2984	+0.017%	$601K	$601K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2980	−0.106%	$284K	$167K	10x	as long as short
Bybit JUPUSDT	−0.0029%	4h	0.2978	−0.188%	$16.2M	$22.6M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2984	+0.017%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2982	−0.054%	$17K	—	150x	as long as short
01 Exchange JUPUSD	+0.0024%	1h	0.2980	−0.104%	$26K	$19K	5x	as long as short
Gate JUP_USDT	+0.0050%	4h	0.2979	−0.154%	$746K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2979	−0.166%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0069%	1h	0.2984	+0.015%	$39K	$33K	5x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2980	−0.105%	$9K	$13K	10x	as long as short
Lighter JUPlong	+0.0096%	1h	0.2984	long leg	$797K	$1.4M	10x
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2983	−0.020%	$31K	$48K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2978	−0.182%	$721K	$941K	—	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2979	−0.154%	$614K	$658K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2982	−0.040%	$116K	$361K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2981	−0.087%	$16.4M	$53.5M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2980	−0.121%	$4.1M	$16.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2981	−0.084%	$58K	$2K	10x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2981	−0.087%	$8.1M	$7.7M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2983	−0.020%	$4.2M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2980	−0.121%	$5.8M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2978	−0.188%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2980	−0.104%	$986K	$244K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2984	+0.013%	$1.7M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2987	+0.114%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2983	−0.010%	$94K	$128K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2974	−0.322%	$112K	$66K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2987	+0.114%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2980	−0.117%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0131%	4h	0.2980	−0.121%	$846K	$329K	50x	as long as short
Hyperliquid JUP	+0.0147%	1h	0.2985	+0.047%	$19.2M	$13.1M	10x	as long as short
Phoenix JUP	+0.0162%	1h	0.2986	+0.077%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2980	−0.122%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.563%	$75K	$93K	50x	as long as short