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 +0.002%

Price spread now: Lighter against Paradex+0.191%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Lighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.191% dearer against Paradex than usual: you sell high and buy low, +$19 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2952	0.0100	pay 0.0100% / 8h	3h 26m	$9K	$11K	10x
Short	Lighter JUP	0.2957	0.0096	get 0.0012% / 1h	26m 44s	$780K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Paradex. 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 ParadexbpFee LighterbpOrdersPrice spread, now +0.191%Rate

Funding earned: −$0.82
Price spread: +0.191% → 0.000%: $19.11
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Lighter: 0 bp × 2 orders: $0
Net: $14.29
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Lighter: live order book, 9 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Lighter live order book, 9 min ago	2.70 bp	13.1 bp −$13	57.8 bp −$578	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.866%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2958	+0.230%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2954	+0.066%	$281K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2956	+0.166%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2959	+0.242%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2959	+0.258%	—	—	150x	as long as short
Backpack JUP_USDC_PERP	+0.0051%	1h	0.2956	+0.150%	$977K	$185K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2958	+0.208%	—	—	20x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2957	+0.191%	$780K	$1.0M	10x
Paradex JUP-USD-PERPlong	+0.0100%	8h	0.2952	long leg	$9K	$11K	10x

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	+0.218%	$597K	$488K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2958	+0.211%	$18.6M	$9.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2958	+0.235%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2951	−0.019%	$16.2M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2951	−0.019%	$15.9M	$17.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2952	+0.015%	$4.0M	$11.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2958	+0.218%	$734K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2951	−0.019%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2956	+0.150%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2954	+0.083%	$5.8M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2955	+0.117%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2965	+0.455%	$723K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2963	+0.389%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	+0.489%	$164K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2962	+0.357%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2958	+0.218%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2956	+0.150%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	+0.422%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	+0.083%	$61K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	+0.189%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2960	+0.294%	$592K	$467K	20x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2960	+0.293%	$26K	$17K	5x	as long as short
Phoenix JUP	+0.0216%	1h	0.2967	+0.513%	$98K	$283K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2962	+0.354%	$75K	$50K	50x	as long as short
Extended JUP-USD	+0.0280%	1h	0.2951	−0.023%	$2.2M	$500K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2956	+0.150%	$830K	$375K	50x	as long as short