JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.005%

Price spread now: Lighter against Polymarket Perps−0.111%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$21as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.294%+$29 on $10k

Price spread, last 3 days (all we have)−0.309%−$31 · spread now −0.111%, 7d avg −0.028%

Together, before fees−0.015%+ Points / potential airdropLighter: Season 3 · farm board−$2 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 0.082% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps JUP-USD	0.2977	0.0100	pay 0.0013% / 1h	58m 18s	$94K	$130K	10x
Short	Lighter JUP	0.2974	0.0096	get 0.0012% / 1h	58m 18s	$797K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now −0.111%Rate

Funding earned: −$0.84
Price spread: −0.111% → −0.028%: −$8.24
Slippage, 4 orders: −$42.66
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$59.74
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 18 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 Polymarket Perps live order book, 18 min ago	3.04 bp	15.0 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	2.69 bp	7.5 bp −$7	50.8 bp −$508	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	0.2935	−1.421%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2973	−0.130%	$15K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2973	−0.150%	$603K	$618K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2971	−0.201%	$283K	$169K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2974	−0.107%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2973	−0.145%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0038%	4h	0.2970	−0.245%	$749K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2970	−0.251%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0067%	4h	0.2970	−0.245%	$16.3M	$23.1M	50x	as long as short
Paradex JUP-USD-PERP	+0.0079%	8h	0.2971	−0.212%	$9K	$13K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin JUP-USDT	+0.0080%	4h	0.2971	−0.212%	$846K	$328K	50x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2974	−0.111%	$797K	$1.3M	10x
Nado JUP-PERP	+0.0100%	1h	0.2969	−0.262%	$613K	$669K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2972	−0.172%	$107K	$356K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2972	−0.178%	$16.4M	$54.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2970	−0.245%	$4.0M	$16.5M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2972	−0.178%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2973	−0.144%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2971	−0.212%	$5.7M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2970	−0.245%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2972	−0.195%	$983K	$252K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2961	−0.544%	$715K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	−0.380%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2960	−0.581%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2977	long leg	$94K	$130K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2973	−0.144%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2962	−0.514%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2972	−0.178%	$2.9M	$4.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2966	−0.380%	$58K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2972	−0.191%	$41K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2974	−0.111%	$26K	$19K	5x	as long as short
Hyperliquid JUP	+0.0166%	1h	0.2978	+0.010%	$19.1M	$13.3M	10x	as long as short
Phoenix JUP	+0.0190%	1h	0.2969	−0.279%	$96K	$440K	10x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2969	−0.265%	$2.2M	$505K	25x	as long as short
dYdX JUP-USD	+0.0219%	1h	0.2973	−0.159%	$39K	$35K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2972	−0.171%	$74K	$94K	50x	as long as short