JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h +0.016%

Price spread now: Lighter against Backpack+0.034%7-day average +0.059% · you sell dearer than you buy

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$350.345% of the position

Long on Backpack Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)+0.062%+$6 · spread now +0.034%, 7d avg +0.059%

Together, before fees+0.041%+ Points / potential airdropLighter: Season 3 · farm board+$4 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 0.026% cheaper against Backpack than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.059%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack JUP_USDC_PERP	0.2979	0.0100	pay 0.0013% / 1h	3m 46s	$986K	$233K	10x
Short	Lighter JUP	0.2980	0.0096	get 0.0012% / 1h	3m 46s	$796K	$1.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Backpack. 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 BackpackbpFee LighterbpOrdersPrice spread, now +0.034%Rate

Funding earned: −$0.84
Price spread: +0.034% → +0.059%: −$2.56
Slippage, 4 orders: −$24.51
Fee Backpack: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$37.91
Costs to cover: 0.345%
Break-even: never at this rate

Slippage from Backpack: live order book, 10 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 Backpack live order book, 10 min ago	0.67 bp	7.4 bp −$7	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	3.36 bp	9.6 bp −$10	53.2 bp −$532	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	−0.4371%	1h	0.2938	−1.370%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2979	+0.011%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2978	−0.019%	$600K	$589K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2974	−0.177%	$283K	$165K	10x	as long as short
Bybit JUPUSDT	−0.0060%	4h	0.2975	−0.128%	$16.2M	$22.1M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0052%	1h	0.2978	−0.020%	$56K	$14K	10x	as long as short
01 Exchange JUPUSD	−0.0048%	1h	0.2975	−0.124%	$26K	$19K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2978	−0.011%	$17K	—	150x	as long as short
Variational Omni JUP	+0.0036%	4h	0.2967	−0.410%	$718K	$776K	—	as long as short
OKX JUP-USDT-SWAP	+0.0040%	4h	0.2976	−0.094%	$4.1M	$16.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2974	−0.158%	—	—	20x	as long as short
Gate JUP_USDT	+0.0062%	4h	0.2977	−0.060%	$744K	$1.8M	75x	as long as short
dYdX JUP-USD	+0.0063%	1h	0.2976	−0.109%	$39K	$32K	5x	as long as short
Paradex JUP-USD-PERP	+0.0083%	8h	0.2974	−0.161%	$9K	$13K	10x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2980	+0.034%	$796K	$1.4M	10x
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2978	−0.027%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2973	−0.211%	$616K	$648K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2982	+0.097%	$19.2M	$13.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2977	−0.051%	$116K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2976	−0.081%	$16.4M	$51.9M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2972	−0.228%	$62K	$9K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2977	−0.060%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2978	−0.027%	$4.2M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2977	−0.060%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2975	−0.128%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERPlong	+0.0100%	1h	0.2979	long leg	$986K	$233K	10x
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2974	−0.161%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2970	−0.295%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2983	+0.124%	$94K	$119K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2976	−0.094%	$112K	$62K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2980	+0.040%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2975	−0.111%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0107%	4h	0.2970	−0.295%	$840K	$303K	50x	as long as short
Extended JUP-USD	+0.0120%	1h	0.2974	−0.146%	$2.2M	$507K	25x	as long as short
Phoenix JUP	+0.0162%	1h	0.2976	−0.081%	$97K	$479K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	−0.027%	$74K	$91K	50x	as long as short