Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.002%

Price spread now: Lighter against Variational Omni+0.084%7-day average +0.091% · you sell dearer than you buy

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

Long on Variational Omni Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.007%+$1 on $10k

Price spread, last 4 days (all we have)−0.512%−$51 · spread now +0.084%, 7d avg +0.091%

Together, before fees−0.505%+ Points / potential airdropVariational Omni: Active · Lighter: Season 3 · farm board−$50 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni JUP	0.2960	0.0100	pay 0.0050% / 4h	55m 04s	$722K	$693K	—
Short	Lighter JUP	0.2963	0.0096	get 0.0012% / 1h	55m 04s	$784K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Variational Omni. 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 Variational OmnibpFee LighterbpOrdersPrice spread, now +0.084%Rate

Funding earned: −$0.84
Price spread: +0.084% → +0.091%: −$0.72
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$1.56
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: Variational Omni: RFQ quote, 19 min ago; Lighter: live order book, 6 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 Variational Omni RFQ quote, 19 min ago	6.74 bp	doesn't fit	37.1 bp −$371	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	2.88 bp	11.7 bp −$12	57.2 bp −$572	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	−0.4661%	1h	0.2910	−1.690%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2961	+0.035%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2962	+0.052%	$282K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2961	+0.027%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2962	+0.063%	—	—	150x	as long as short
dYdX JUP-USD	+0.0004%	1h	0.2964	+0.152%	$39K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2959	−0.042%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2961	+0.021%	$592K	$489K	20x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2963	+0.084%	$784K	$1.0M	10x
Paradex JUP-USD-PERP	+0.0099%	8h	0.2960	−0.006%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2956	−0.119%	$597K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.145%	$18.8M	$9.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	+0.067%	$114K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2961	+0.021%	$16.3M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2959	−0.027%	$15.9M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2961	+0.033%	$4.0M	$12.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	−0.237%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2961	+0.033%	$735K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2960	0.000%	$7.4M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2962	+0.067%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2961	+0.033%	$5.8M	$5.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2959	−0.034%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2962	+0.057%	$982K	$249K	10x	as long as short
Variational Omni JUPlong	+0.0100%	4h	0.2960	long leg	$722K	$693K	—
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	−0.154%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2945	−0.507%	$156K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2962	+0.054%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	+0.033%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2952	−0.271%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	+0.135%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2962	+0.052%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2965	+0.172%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2964	+0.148%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2949	−0.382%	$98K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2961	+0.033%	$848K	$385K	50x	as long as short
Extended JUP-USD	+0.0432%	1h	0.2959	−0.031%	$2.2M	$502K	25x	as long as short