Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%

Price spread now: Lighter against Aster+0.072%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$540.545% of the position

Long on Aster Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)+0.008%+$1 on $10k

Price spread, last 4 days (all we have)−0.053%−$5 · spread now +0.072%, 7d avg +0.063%

Together, before fees−0.045%+ Points / potential airdropAster: Stage 5 · Lighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster JUPUSDT	0.2932	0.0100	pay 0.0050% / 4h	49m 01s	$113K	$292K	10x
Short	Lighter JUP	0.2934	0.0096	get 0.0012% / 1h	49m 01s	$776K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Aster. 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 AsterbpFee LighterbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$0.84
Price spread: +0.072% → +0.063%: $0.9
Slippage, 4 orders: −$46.48
Fee Aster: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$54.43
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from Aster: live order book, 8 min ago; Lighter: live order book, 2 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 Aster live order book, 8 min ago	1.69 bp	19.2 bp −$19	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	3.58 bp	8.7 bp −$9	49.8 bp −$498	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	−0.4661%	1h	0.2910	−0.750%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2933	+0.035%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2934	+0.076%	$280K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2932	−0.010%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2934	+0.075%	—	—	150x	as long as short
dYdX JUP-USD	+0.0002%	1h	0.2936	+0.119%	$38K	$26K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2931	−0.033%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0072%	1h	0.2934	+0.055%	$26K	$19K	5x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2934	+0.072%	$776K	$1.0M	10x
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2932	+0.007%	$586K	$489K	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	+0.0098%	8h	0.2935	+0.108%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2934	+0.060%	$592K	$502K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2934	+0.065%	$18.6M	$9.5M	10x	as long as short
Aster JUPUSDTlong	+0.0100%	4h	0.2932	long leg	$113K	$292K	10x
Binance JUPUSDT	+0.0100%	4h	0.2931	−0.034%	$16.1M	$42.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2929	−0.102%	$15.7M	$18.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2932	0.000%	$4.0M	$12.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.853%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2932	0.000%	$728K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2930	−0.068%	$7.2M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2932	0.000%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2932	0.000%	$5.7M	$5.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2929	−0.102%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2931	−0.031%	$972K	$241K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2933	+0.034%	$717K	$693K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	+0.580%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2939	+0.239%	$156K	$265K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2936	+0.147%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2932	0.000%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2927	−0.171%	$110K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2934	+0.068%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2925	−0.254%	$40K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2940	+0.290%	$74K	$49K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2965	+1.122%	$99K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2934	+0.068%	$843K	$381K	50x	as long as short
Extended JUP-USD	+0.0368%	1h	0.2932	−0.002%	$2.2M	$502K	25x	as long as short