Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h −0.005%

Price spread now: BloFin against Lighter−0.023%90s7-day average −0.086% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.474% of the position

Long on Lighter Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.283%+$28 on $10k

Price spread, last 3 days (all we have)−0.022%−$2 · spread now −0.023%, 7d avg −0.086%

Together, before fees+0.261%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and BloFin is 0.063% dearer against Lighter than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.086%. The two prices were read 90 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.3002	0.0096	pay 0.0012% / 1h	33m 19s	$754K	$1.3M	10x
Short	BloFin JUP-USDT	0.3001	0.0125	get 0.0063% / 4h	3h 33m	$849K	$315K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.023%Rate

Funding earned: $6.19
Price spread: −0.023% → −0.086%: $6.26
Slippage, 4 orders: −$35.45
Fee Lighter: 0 bp × 2 orders: $0
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$34.99
Costs to cover: 0.474%
Break-even: 46.6 days

Slippage from Lighter: live order book, 3 min ago; BloFin: live order book, 39 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	1.83 bp	10.0 bp −$10	54.4 bp −$544	doesn't fit	doesn't fit
Sell BloFin live order book, 39 min ago	5.06 bp	11.6 bp −$12	20.2 bp −$202	65.7 bp −$6,566	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	−0.4634%	1h	0.2959	−1.423%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.2999	−0.084%	$286K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2997	−0.152%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.3004	+0.087%	$605K	$537K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0083%	1h	0.3002	+0.003%	$55K	$16K	10x	as long as short
OKX JUP-USDT-SWAP	−0.0004%	4h	0.2993	−0.290%	$4.1M	$16.0M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2998	−0.109%	$1K	—	150x	as long as short
01 Exchange JUPUSD	+0.0008%	1h	0.3000	−0.050%	$27K	$19K	5x	as long as short
dYdX JUP-USD	+0.0037%	1h	0.3002	−0.005%	$39K	$32K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2996	−0.205%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0083%	8h	0.3000	−0.068%	$9K	$13K	10x	as long as short
Lighter JUPlong	+0.0096%	1h	0.3002	long leg	$754K	$1.3M	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2999	−0.090%	$31K	$46K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2998	−0.123%	$622K	$631K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3001	−0.030%	$19.3M	$12.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3002	+0.017%	$116K	$333K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2998	−0.126%	$16.5M	$50.2M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2997	−0.153%	$16.4M	$21.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2999	−0.090%	$753K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2999	−0.090%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3000	−0.057%	$4.1M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2999	−0.090%	$5.9M	$7.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2999	−0.090%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3002	+0.020%	$994K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3001	−0.022%	$727K	$776K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3002	+0.010%	$1.7M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3004	+0.077%	$160K	$311K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3001	−0.013%	$95K	$116K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2997	−0.157%	$113K	$56K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3007	+0.177%	$2.9M	$3.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2997	−0.157%	$62K	$8K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2994	−0.260%	$2.2M	$492K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2998	−0.129%	$41K	—	3x	as long as short
BloFin JUP-USDTshort	+0.0125%	4h	0.3001	−0.023%	$849K	$315K	50x
Phoenix JUP	+0.0214%	1h	0.3005	+0.120%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3006	+0.153%	$75K	$88K	50x	as long as short