JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%

Price spread now: Nado against Lighter−0.174%7-day average −0.101% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$320.316% of the position

Long on Lighter Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.859%+$86 · spread now −0.174%, 7d avg −0.101%

Together, before fees+0.856%+ Points / potential airdropLighter: Season 3 · Nado: Active · farm board+$86 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: Nado is 0.073% 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 −0.101%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.2967	0.0096	pay 0.0012% / 1h	49m 48s	$901K	$1.2M	10x
Short	Nado JUP-PERP	0.2962	0.0100	get 0.0012% / 1h	49m 48s	$597K	$676K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.174%Rate

Funding earned: $0.84
Price spread: −0.174% → −0.101%: −$7.26
Slippage, 4 orders: −$24.61
Fee Lighter: 0 bp × 2 orders: $0
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$38.03
Costs to cover: 0.316%
Break-even: 323.9 days

Slippage from Lighter: live order book, 1 min ago; Nado: live order book, 38 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	2.02 bp	9.3 bp −$9	41.5 bp −$415	doesn't fit	doesn't fit
Sell Nado live order book, 38 min ago	2.51 bp	8.5 bp −$8	40.1 bp −$401	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	−0.5000%	1h	0.2941	−0.873%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0719% / S +0.0249%	1h	0.2964	−0.092%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0451%	4h	0.2960	−0.246%	$16.2M	$24.1M	50x	as long as short
Backpack JUP_USDC_PERP	−0.0116%	1h	0.2964	−0.115%	$983K	$270K	10x	as long as short
Gate JUP_USDT	−0.0046%	4h	0.2962	−0.165%	$739K	$1.9M	75x	as long as short
01 Exchange JUPUSD	−0.0040%	1h	0.2966	−0.020%	$26K	$19K	5x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2964	−0.098%	$39K	$36K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2970	+0.118%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2965	−0.061%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2965	−0.066%	$17K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2965	−0.060%	$601K	$624K	20x	as long as short
BloFin JUP-USDT	+0.0052%	4h	0.2960	−0.233%	$865K	$330K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2963	−0.137%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0088%	8h	0.2964	−0.083%	$9K	$15K	10x	as long as short
Lighter JUPlong	+0.0096%	1h	0.2967	long leg	$901K	$1.2M	10x
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2965	−0.064%	$31K	$51K	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2962	−0.174%	$597K	$676K	10x
Hyperliquid JUP	+0.0100%	1h	0.2967	−0.013%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2964	−0.084%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2964	−0.104%	$282K	$184K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2962	−0.162%	$16.5M	$56.5M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2962	−0.165%	$4.1M	$16.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	−0.075%	$58K	$4K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2962	−0.165%	$7.9M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2965	−0.064%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2961	−0.199%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2962	−0.165%	—	$21.6M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2960	−0.249%	$724K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2977	+0.352%	$1.6M	$4.3M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2964	−0.098%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2970	+0.101%	$93K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2958	−0.300%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2969	+0.071%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	−0.216%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0216%	1h	0.2961	−0.215%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.701%	$74K	$95K	50x	as long as short