Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.006%

Price spread now: Aster against Lighter−0.078%7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$530.525% of the position

Long on Lighter Short on Aster

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.042%+$4 · spread now −0.078%, 7d avg −0.064%

Together, before fees+0.035%+ Points / potential airdropLighter: Season 3 · Aster: Stage 5 · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.2948	0.0096	pay 0.0012% / 1h	32m 51s	$790K	$1.3M	10x
Short	Aster JUPUSDT	0.2946	0.0100	get 0.0050% / 4h	1h 32m	$106K	$365K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.078%Rate

Funding earned: $0.84
Price spread: −0.078% → −0.064%: −$1.44
Slippage, 4 orders: −$44.53
Fee Lighter: 0 bp × 2 orders: $0
Fee Aster: 4 bp × 2 orders: −$8
Net: −$53.13
Costs to cover: 0.525%
Break-even: 449.8 days

Slippage from Lighter: live order book, 3 min ago; Aster: live order book, 49 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 Lighter live order book, 3 min ago	2.55 bp	11.5 bp −$11	48.7 bp −$487	doesn't fit	doesn't fit
Sell Aster live order book, 49 min ago	3.35 bp	15.1 bp −$15	doesn't fit	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	−0.3508%	1h	0.2918	−1.031%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2948	−0.005%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2948	−0.011%	$281K	$172K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2948	−0.001%	$599K	$619K	20x	as long as short
01 Exchange JUPUSD	−0.0104%	1h	0.2950	+0.047%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0089%	1h	0.2948	−0.014%	$56K	$14K	10x	as long as short
Gate JUP_USDT	−0.0030%	4h	0.2944	−0.149%	$732K	$1.9M	75x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2949	+0.022%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0021%	4h	0.2943	−0.176%	$16.1M	$23.7M	50x	as long as short
dYdX JUP-USD	+0.0055%	1h	0.2949	+0.007%	$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	0.2945	−0.103%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0062%	8h	0.2947	−0.047%	$9K	$14K	10x	as long as short
BloFin JUP-USDT	+0.0093%	4h	0.2949	+0.020%	$848K	$323K	50x	as long as short
Lighter JUPlong	+0.0096%	1h	0.2948	long leg	$790K	$1.3M	10x
Nado JUP-PERP	+0.0100%	1h	0.2946	−0.081%	$611K	$672K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2950	+0.058%	$18.9M	$13.9M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2946	−0.078%	$106K	$365K	10x
Binance JUPUSDT	+0.0100%	4h	0.2944	−0.139%	$16.2M	$55.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2943	−0.183%	$4.0M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2944	−0.149%	$7.9M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2949	+0.020%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2944	−0.149%	$5.6M	$8.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2944	−0.149%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2947	−0.037%	$975K	$259K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2943	−0.178%	$712K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2947	−0.061%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2948	−0.014%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2951	+0.098%	$93K	$135K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2948	−0.014%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2939	−0.319%	$110K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2952	+0.122%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.292%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2943	−0.183%	$2.2M	$541K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2949	+0.035%	$40K	—	3x	as long as short
Phoenix JUP	+0.0190%	1h	0.2950	+0.041%	$94K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.394%	$74K	$93K	50x	as long as short