Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.020%

Price spread now: OKX against Lighter−0.182%7-day average −0.130% · you buy dearer than you sell

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$480.480% of the position

Long on Lighter Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.182%, 7d avg −0.130%

Together, before fees−0.049%+ Points / potential airdropLighter: Season 3 · farm board−$5 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: OKX is 0.052% cheaper against Lighter than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.130%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.2959	0.0096	pay 0.0012% / 1h	26m 50s	$780K	$1.0M	10x
Short	OKX JUP-USDT-SWAP	0.2954	0.0100	get 0.0050% / 4h	3h 26m	$4.0M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.182%Rate

Funding earned: $0.84
Price spread: −0.182% → −0.130%: −$5.2
Slippage, 4 orders: −$37.97
Fee Lighter: 0 bp × 2 orders: $0
Fee OKX: 5 bp × 2 orders: −$10
Net: −$52.33
Costs to cover: 0.480%
Break-even: 443.1 days

Slippage from Lighter: live order book, 9 min ago; OKX: live order book, 1 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, 9 min ago	2.70 bp	7.1 bp −$7	39.6 bp −$396	doesn't fit	doesn't fit
Sell OKX live order book, 1 min ago	1.69 bp	16.3 bp −$16	60.4 bp −$604	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	−0.5000%	1h	0.2926	−1.129%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2958	−0.035%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2958	−0.033%	$282K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2962	+0.103%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2959	−0.024%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2959	−0.008%	—	—	150x	as long as short
Backpack JUP_USDC_PERP	+0.0051%	1h	0.2956	−0.115%	$977K	$185K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2958	−0.057%	—	—	20x	as long as short
Lighter JUPlong	+0.0096%	1h	0.2959	long leg	$780K	$1.0M	10x
Paradex JUP-USD-PERP	+0.0100%	8h	0.2957	−0.076%	$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	0.2958	−0.047%	$597K	$488K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2959	−0.007%	$18.6M	$9.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2960	+0.035%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2956	−0.117%	$16.2M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2954	−0.186%	$15.9M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAPshort	+0.0100%	4h	0.2954	−0.182%	$4.0M	$11.1M	50x
Gate JUP_USDT	+0.0100%	4h	0.2958	−0.047%	$734K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2956	−0.115%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2959	−0.014%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2957	−0.081%	$5.8M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2956	−0.115%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2965	+0.189%	$723K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2963	+0.123%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	+0.223%	$164K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2962	+0.091%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2958	−0.047%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2956	−0.115%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	+0.155%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	−0.182%	$61K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	−0.076%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2960	+0.029%	$592K	$467K	20x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2960	+0.027%	$26K	$17K	5x	as long as short
Phoenix JUP	+0.0216%	1h	0.2967	+0.247%	$98K	$283K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2962	+0.088%	$75K	$50K	50x	as long as short
Extended JUP-USD	+0.0280%	1h	0.2954	−0.186%	$2.2M	$500K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2956	−0.115%	$830K	$375K	50x	as long as short