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: Lighter against MEXC+0.010%7-day average +0.089% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

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

Long on MEXC Short on Lighter

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)+0.088%+$9 · spread now +0.010%, 7d avg +0.089%

Together, before fees+0.167%+ Points / potential airdropLighter: Season 3 · farm board+$17 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: Lighter is 0.079% cheaper against MEXC than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of +0.089%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC JUP_USDT	0.2984	0.0100	pay 0.0050% / 4h	28m 37s	$8.2M	$7.7M	200x
Short	Lighter JUP	0.2984	0.0096	get 0.0012% / 1h	28m 37s	$797K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now +0.010%Rate

Funding earned: −$0.84
Price spread: +0.010% → +0.089%: −$7.93
Slippage, 4 orders: −$28.07
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$36.83
Costs to cover: 0.281%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Lighter: live order book, 3 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 MEXC live order book, 4 min ago	1.67 bp	4.8 bp −$5	13.9 bp −$139	96.6 bp −$9,655	250.9 bp −$125.4K
Sell Lighter live order book, 3 min ago	3.02 bp	8.8 bp −$9	52.2 bp −$522	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	−0.4371%	1h	0.2950	−1.139%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2982	−0.081%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0208%	1h	0.2984	+0.003%	$601K	$601K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2982	−0.075%	$284K	$167K	10x	as long as short
Bybit JUPUSDT	−0.0044%	4h	0.2979	−0.171%	$16.3M	$22.6M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2984	+0.003%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2982	−0.067%	$17K	—	150x	as long as short
01 Exchange JUPUSD	+0.0024%	1h	0.2983	−0.047%	$26K	$19K	5x	as long as short
Gate JUP_USDT	+0.0048%	4h	0.2981	−0.101%	$746K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2979	−0.180%	—	—	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	+0.0066%	1h	0.2984	+0.002%	$39K	$33K	5x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2981	−0.091%	$9K	$13K	10x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2984	+0.010%	$797K	$1.4M	10x
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2983	−0.034%	$31K	$48K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2978	−0.196%	$721K	$941K	—	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2979	−0.168%	$614K	$658K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2985	+0.045%	$116K	$361K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2983	−0.023%	$16.4M	$53.5M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2978	−0.201%	$4.1M	$16.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2981	−0.098%	$58K	$2K	10x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.2984	long leg	$8.2M	$7.7M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2984	0.000%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2982	−0.067%	$5.8M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2980	−0.134%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2983	−0.027%	$987K	$244K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2984	0.000%	$1.7M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2987	+0.101%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2983	−0.023%	$94K	$128K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2973	−0.369%	$112K	$66K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2987	+0.101%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2980	−0.130%	$41K	—	3x	as long as short
Hyperliquid JUP	+0.0144%	1h	0.2986	+0.074%	$19.2M	$13.1M	10x	as long as short
BloFin JUP-USDT	+0.0149%	4h	0.2981	−0.101%	$846K	$327K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2986	+0.064%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2979	−0.169%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.550%	$75K	$93K	50x	as long as short