Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h —

Price spread now: Lighter against Reya+0.201%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.201% dearer against Reya than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JUPRUSDPERP	0.2950	0.0057	pay 0.0007% / 1h	59m 02s	—	—	20x
Short	Lighter JUP	0.2956	0.0096	get 0.0012% / 1h	59m 02s	$760K	$947K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Reya. 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 ReyabpFee LighterbpOrdersPrice spread, now +0.201%Rate

Funding earned: $8.25
Price spread: +0.201% → 0.000%: $20.05
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $22.31
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 4 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	6.75 bp	15.2 bp −$15	60.7 bp −$607	doesn't fit	doesn't fit

Reya: 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 exchanges

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
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2953	+0.111%	$16K	—	100x	as long as short
Pacifica JUP	−0.0028%	1h	0.2954	+0.135%	$281K	$129K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2954	+0.126%	$55K	$9K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2956	+0.201%	$18K	—	150x	as long as short
ApeX Omni JUPUSDT	+0.0040%	1h	0.2952	+0.075%	$163K	$234K	50x	as long as short
dYdX JUP-USD	+0.0041%	1h	0.2956	+0.215%	$39K	$10K	5x	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2950	long leg	—	—	20x
Lighter JUPshort	+0.0096%	1h	0.2956	+0.201%	$760K	$947K	10x
Paradex JUP-USD-PERP	+0.0098%	8h	0.2952	+0.091%	$9K	$9K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2953	+0.092%	$580K	$479K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2953	+0.092%	$18.0M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2952	+0.075%	$100K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2949	−0.020%	$16.2M	$37.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2948	−0.047%	$16.0M	$16.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2954	+0.143%	$4.0M	$9.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	+0.109%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2951	+0.041%	$703K	$952K	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2953	+0.109%	$8.0M	$5.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2953	+0.109%	$4.1M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2953	+0.109%	$5.9M	$4.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2952	+0.075%	—	$21.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2953	+0.095%	$995K	$236K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2951	+0.035%	$714K	$320K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2959	+0.302%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2956	+0.211%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	+0.109%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	+0.041%	$112K	$57K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2951	+0.051%	$2.2M	$543K	25x	as long as short
01 Exchange JUPUSD	+0.0104%	1h	0.2954	+0.126%	$26K	$2K	5x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2953	+0.109%	$40K	—	3x	as long as short
Phemex JUPUSDT	+0.0271%	4h	0.2959	+0.312%	$2.9M	$2.8M	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2957	+0.255%	$81K	$56K	50x	as long as short
Phoenix JUP	+0.0318%	1h	0.2959	+0.295%	$97K	$256K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2954	+0.143%	$827K	$364K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0525%	1h	0.2956	+0.215%	$581K	$389K	20x	as long as short
Injective JUP/USDC PERP	+0.4474%	1h	0.3020	+2.380%	$3K	$205K	5.5x	as long as short