Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against MEXC+0.164%7-day average +0.103% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 7 days−0.207%−$21 · spread now +0.164%, 7d avg +0.103%

Together, before fees−0.149%+ Points / potential airdropLighter: Season 3 · farm board−$15 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: Lighter is 0.061% dearer against MEXC than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.103%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC JUP_USDT	0.2929	0.0100	pay 0.0050% / 4h	1h 53m	$7.9M	$5.2M	200x
Short	Lighter JUP	0.2934	0.0096	get 0.0012% / 1h	53m 00s	$757K	$949K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 MEXCbpFee LighterbpOrdersPrice spread, now +0.164%Rate

Funding earned: −$0.84
Price spread: +0.164% → +0.103%: $6.06
Slippage, 4 orders: −$41.13
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$35.91
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from MEXC: live order book, 3 min ago; Lighter: live order book, just now.

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 MEXC live order book, 3 min ago	6.80 bp	9.0 bp −$9	15.2 bp −$152	93.0 bp −$9,296	243.1 bp −$121.5K
Sell Lighter live order book, just now	4.43 bp	10.8 bp −$11	51.5 bp −$515	doesn't fit	doesn't fit

JUP on 36 exchanges

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
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2932	+0.093%	$16K	—	100x	as long as short
Pacifica JUP	−0.0134%	1h	0.2934	+0.175%	$280K	$129K	10x	as long as short
ApeX Omni JUPUSDT	−0.0093%	1h	0.2942	+0.444%	$162K	$235K	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0091%	1h	0.2932	+0.106%	$54K	$9K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2933	+0.130%	$18K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2930	+0.027%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0072%	1h	0.2931	+0.075%	$26K	$2K	5x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2934	+0.164%	$757K	$949K	10x
Paradex JUP-USD-PERP	+0.0098%	8h	0.2933	+0.127%	$9K	$9K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2931	+0.077%	$576K	$475K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2933	+0.130%	$17.8M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2932	+0.102%	$100K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2930	+0.034%	$16.1M	$36.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2928	−0.034%	$15.9M	$16.3M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2930	+0.034%	$4.0M	$9.6M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2930	+0.034%	$687K	$969K	75x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.2929	long leg	$7.9M	$5.2M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2932	+0.102%	$4.0M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2931	+0.068%	$5.8M	$4.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2931	+0.068%	—	$21.4M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2932	+0.096%	$988K	$236K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2940	+0.367%	$711K	$312K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2942	+0.444%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2938	+0.297%	$92K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2932	+0.102%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2928	−0.034%	$111K	$57K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2944	+0.529%	$61K	−$0	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2929	−0.007%	$2.2M	$543K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2930	+0.038%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0161%	4h	0.2932	+0.102%	$821K	$364K	50x	as long as short
Phoenix JUP	+0.0270%	1h	0.2940	+0.365%	$97K	$269K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2936	+0.232%	$80K	$56K	50x	as long as short
Phemex JUPUSDT	+0.0341%	4h	0.2939	+0.341%	$2.9M	$2.8M	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0529%	1h	0.2934	+0.169%	$576K	$393K	20x	as long as short
dYdX JUP-USD	+0.1717%	1h	0.2935	+0.214%	$39K	$10K	5x	as long as short
Injective JUP/USDC PERP	+0.4474%	1h	0.3020	+3.107%	$3K	$205K	5.5x	as long as short