Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.006%

Price spread now: Paradex against Lighter+0.003%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · Paradex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.2957	0.0096	pay 0.0012% / 1h	43m 32s	$795K	$1.3M	10x
Short	Paradex JUP-USD-PERP	0.2957	0.0065	get 0.0065% / 8h	1h 43m	$9K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.003%Rate

Funding earned: −$6.48
Price spread: +0.003% → 0.000%: $0.26
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$10.22
Costs to cover: 0.040%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 3 min ago; Paradex: no order-book sample. Net counts fees only.

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	1.69 bp	3.3 bp −$3	36.8 bp −$368	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3508%	1h	0.2918	−1.329%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0533% / S +0.0370%	1h	0.2956	−0.056%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2955	−0.086%	$282K	$173K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2956	−0.048%	$599K	$619K	20x	as long as short
01 Exchange JUPUSD	−0.0112%	1h	0.2960	+0.085%	$26K	$19K	5x	as long as short
Gate JUP_USDT	0.0000%	4h	0.2953	−0.145%	$734K	$1.9M	75x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2955	−0.071%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2954	−0.095%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0026%	4h	0.2955	−0.078%	$16.2M	$23.8M	50x	as long as short
dYdX JUP-USD	+0.0050%	1h	0.2955	−0.089%	$39K	$35K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2952	−0.163%	—	—	20x	as long as short
Paradex JUP-USD-PERPshort	+0.0065%	8h	0.2957	+0.003%	$9K	$15K	10x
Lighter JUPlong	+0.0096%	1h	0.2957	long leg	$795K	$1.3M	10x
Nado JUP-PERP	+0.0100%	1h	0.2954	−0.120%	$612K	$673K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2959	+0.073%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2954	−0.097%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2957	−0.020%	$16.3M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2956	−0.044%	$4.1M	$16.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2952	−0.179%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2956	−0.044%	$7.9M	$7.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2956	−0.044%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2954	−0.112%	$5.6M	$8.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2955	−0.078%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2956	−0.044%	$978K	$263K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2947	−0.341%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2954	−0.113%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2954	−0.112%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2959	+0.057%	$93K	$137K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2954	−0.112%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2947	−0.348%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2957	−0.010%	$2.9M	$4.1M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2956	−0.059%	$2.2M	$540K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2954	−0.112%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0136%	4h	0.2950	−0.247%	$850K	$330K	50x	as long as short
Phoenix JUP	+0.0190%	1h	0.2956	−0.041%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.089%	$74K	$94K	50x	as long as short