Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0026%/8hnext payment +$0.03 per $10,000 · paid last 24h −1.364%

Price spread now: Lighter against dYdX+0.067%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.067% dearer against dYdX than usual: you sell high and buy low: +$7 more if the spread 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	dYdX JUP-USD	0.2963	0.0070	pay 0.0009% / 1h	6m 03s	$39K	$41K	5x
Short	Lighter JUP	0.2965	0.0096	get 0.0012% / 1h	6m 03s	$909K	$1.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against dYdX. 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 dYdXbpFee LighterbpOrdersPrice spread, now +0.067%Rate

Funding earned: $5.4
Price spread: +0.067% → 0.000%: $6.75
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: $2.15
Costs to cover: 0.100%
Break-even: 4.2 days

Slippage unknown: dYdX: no order-book sample; Lighter: live order book, 4 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 dYdX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 4 min ago	2.19 bp	12.3 bp −$12	64.5 bp −$645	doesn't fit	doesn't fit

dYdX: 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	−0.2340%	1h	0.2939	−0.810%	$3K	$110K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0463% / S +0.0168%	1h	0.2962	−0.037%	$13K	—	100x	as long as short
Gate JUP_USDT	−0.0100%	4h	0.2961	−0.067%	$758K	$2.0M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2967	+0.125%	$45K	$383K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2962	−0.030%	$57K	$13K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2963	+0.003%	$17K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2959	−0.137%	—	—	20x	as long as short
dYdX JUP-USDlong	+0.0070%	1h	0.2963	long leg	$39K	$41K	5x
BloFin JUP-USDT	+0.0088%	4h	0.2962	−0.034%	$879K	$274K	50x	as long as short
Paradex JUP-USD-PERP	+0.0095%	8h	0.2960	−0.095%	$9K	$15K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUPshort	+0.0096%	1h	0.2965	+0.067%	$909K	$1.2M	10x
Orderly PERP_JUP_USDC	+0.0098%	4h	0.2962	−0.034%	$31K	$52K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2962	−0.051%	$597K	$659K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2965	+0.074%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2961	−0.061%	$107K	$368K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2962	−0.026%	$283K	$163K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2960	−0.111%	$16.5M	$56.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2960	−0.111%	$16.5M	$23.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2959	−0.135%	$4.1M	$16.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.084%	$58K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2961	−0.067%	$8.3M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2963	0.000%	$4.2M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2960	−0.101%	$5.7M	$8.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	−0.101%	—	$21.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2962	−0.047%	$980K	$267K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2963	+0.016%	$727K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2969	+0.216%	$1.6M	$4.3M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2968	+0.169%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	+0.044%	$93K	$143K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2959	−0.135%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2966	+0.101%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2962	−0.040%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0200%	1h	0.2963	+0.013%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2973	+0.341%	$74K	$94K	50x	as long as short
Extended JUP-USD	+0.0312%	1h	0.2959	−0.126%	$2.2M	$535K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0347%	1h	0.2962	−0.025%	$597K	$603K	20x	as long as short