Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.004%

Price spread now: HTX against Lighter−0.364%7-day average −0.306% · you buy dearer than you sell

Net, funding: paid 7d − costs−$258as in the Funding arb table

Net, price: spread back to 7d avg − costs−$263as in the Price arb table

costs, in and out, $10k−$2572.569% of the position

Long on Lighter Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 3 days (all we have)+0.132%+$13 · spread now −0.364%, 7d avg −0.306%

Together, before fees+0.122%+ Points / potential airdropLighter: Season 3 · farm board+$12 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: HTX is 0.058% cheaper against Lighter than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.306%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.3019	0.0096	pay 0.0012% / 1h	26m 07s	$757K	$1.3M	10x
Short	HTX JUP-USDT	0.3008	0.0100	get 0.0050% / 4h	3h 26m	$113K	$56K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.364%Rate

Funding earned: $0.84
Price spread: −0.364% → −0.306%: −$5.83
Slippage, 4 orders: −$244.89
Fee Lighter: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$261.88
Costs to cover: 2.569%
Break-even: 2189.3 days

Slippage from Lighter: live order book, 5 min ago; HTX: live order book, 45 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, 5 min ago	3.33 bp	11.5 bp −$12	50.8 bp −$508	doesn't fit	doesn't fit
Sell HTX live order book, 45 min ago	18.55 bp	112.8 bp −$113	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	−0.4634%	1h	0.2970	−1.623%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3014	−0.150%	$287K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3019	−0.003%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0100%	1h	0.3019	−0.011%	$608K	$533K	20x	as long as short
OKX JUP-USDT-SWAP	−0.0013%	4h	0.3017	−0.066%	$4.1M	$16.1M	50x	as long as short
01 Exchange JUPUSD	−0.0008%	1h	0.3015	−0.139%	$27K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.3018	−0.040%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3018	−0.020%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0033%	1h	0.3013	−0.185%	$39K	$32K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3017	−0.081%	—	—	20x	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	+0.0066%	4h	0.3013	−0.199%	$853K	$321K	50x	as long as short
Paradex JUP-USD-PERP	+0.0082%	8h	0.3015	−0.119%	$9K	$13K	10x	as long as short
Lighter JUPlong	+0.0096%	1h	0.3019	long leg	$757K	$1.3M	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3018	−0.033%	$32K	$46K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3015	−0.141%	$625K	$630K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3021	+0.073%	$19.4M	$12.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3018	−0.024%	$117K	$334K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3017	−0.065%	$16.6M	$50.1M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3015	−0.139%	$16.6M	$21.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3007	−0.390%	$63K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3017	−0.066%	$753K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3017	−0.066%	$8.0M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3017	−0.066%	$4.1M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3018	−0.033%	$5.9M	$7.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3017	−0.066%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3019	−0.003%	$999K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3016	−0.116%	$730K	$776K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3006	−0.431%	$1.7M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3005	−0.464%	$160K	$310K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3021	+0.076%	$95K	$114K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.3008	−0.364%	$113K	$56K	20x
Phemex JUPUSDT	+0.0100%	4h	0.3022	+0.099%	$3.0M	$3.8M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3014	−0.154%	$2.2M	$493K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3017	−0.067%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3009	−0.335%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3017	−0.070%	$75K	$88K	50x	as long as short