Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.020%

Price spread now: OKX against Lighter−0.060%7-day average −0.130% · you buy dearer than you sell

Net, funding: paid 7d − costs−$59as in the Funding arb table

Net, price: spread back to 7d avg − costs−$43as in the Price arb table

costs, in and out, $10k−$500.499% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.091%−$9 on $10k

Price spread, last 7 days−0.034%−$3 · spread now −0.060%, 7d avg −0.130%

Together, before fees−0.125%+ Points / potential airdropLighter: Season 3 · farm board−$13 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: OKX is 0.070% dearer against Lighter than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.130%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.2977	0.0096	pay 0.0012% / 1h	15m 44s	$786K	$1.1M	10x
Short	OKX JUP-USDT-SWAP	0.2975	0.0100	get 0.0050% / 4h	1h 15m	$4.1M	$12.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.060%Rate

Funding earned: $0.84
Price spread: −0.060% → −0.130%: $6.96
Slippage, 4 orders: −$39.87
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$42.07
Costs to cover: 0.499%
Break-even: 357.6 days

Slippage from Lighter: live order book, 5 min ago; OKX: live order book, 2 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	3.35 bp	11.5 bp −$12	43.8 bp −$438	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.68 bp	14.1 bp −$14	55.1 bp −$551	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	−1.203%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2982	+0.186%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2974	−0.097%	$283K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2981	+0.141%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2982	+0.175%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2981	+0.141%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0066%	4h	0.2972	−0.158%	$15.9M	$19.0M	50x	as long as short
Lighter JUPlong	+0.0096%	1h	0.2977	long leg	$786K	$1.1M	10x
Paradex JUP-USD-PERP	+0.0098%	8h	0.2974	−0.078%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2981	+0.133%	$602K	$504K	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	0.2979	+0.071%	$18.9M	$9.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2981	+0.132%	$115K	$290K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2974	−0.094%	$16.4M	$42.7M	75x	as long as short
OKX JUP-USDT-SWAPshort	+0.0100%	4h	0.2975	−0.060%	$4.1M	$12.4M	50x
Bulk JUP-USD	+0.0100%	1h	0.2958	−0.632%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2979	+0.074%	$743K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2974	−0.094%	$7.4M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2976	−0.027%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2976	−0.027%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2975	−0.060%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2979	+0.064%	$986K	$247K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2978	+0.054%	$727K	$694K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2984	+0.236%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2979	+0.074%	$158K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2984	+0.239%	$94K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2981	+0.141%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2974	−0.094%	$112K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2986	+0.309%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2977	+0.007%	$41K	—	3x	as long as short
dYdX JUP-USD	+0.0135%	1h	0.2976	−0.013%	$39K	$26K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0199%	1h	0.2979	+0.085%	$596K	$488K	20x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2984	+0.252%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2983	+0.212%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2979	+0.091%	$98K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2979	+0.074%	$644K	$388K	50x	as long as short
Extended JUP-USD	+0.0416%	1h	0.2974	−0.104%	$2.2M	$496K	25x	as long as short