JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0272%/8h= −29.8% APRnext payment −$0.34 per $10,000 · paid last 24h +0.062%

Price spread now: Kraken Futures against Lighter−0.072%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$650.654% of the position

Long on Lighter Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.630%+$63 on $10k

Price spread, last 3 days (all we have)+0.216%+$22 · spread now −0.072%, 7d avg +0.013%

Together, before fees+0.845%+ Points / potential airdropLighter: Season 3 · farm board+$85 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Kraken Futures is 0.085% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of +0.013%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.630%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.2956	0.0096	pay 0.0012% / 1h	13m 22s	$793K	$1.3M	10x
Short	Kraken Futures PF_JUPUSD	0.2954	−0.0176	pay 0.0022% / 1h	13m 22s	$598K	$616K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Lighter. 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 LighterbpFee Kraken FuturesbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$57.12
Price spread: −0.072% → +0.013%: −$8.47
Slippage, 4 orders: −$55.39
Fee Lighter: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$130.99
Costs to cover: 0.654%
Break-even: never at this rate

Slippage from Lighter: live order book, 3 min ago; Kraken Futures: live order book, 5 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 Lighter live order book, 3 min ago	2.03 bp	10.6 bp −$11	48.6 bp −$486	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	11.84 bp	21.0 bp −$21	69.6 bp −$696	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	−0.3508%	1h	0.2911	−1.529%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2954	−0.071%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2955	−0.050%	$282K	$171K	10x	as long as short
Kraken Futures PF_JUPUSDshort	−0.0176%	1h	0.2954	−0.072%	$598K	$616K	20x
01 Exchange JUPUSD	0.0000%	1h	0.2955	−0.054%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2955	−0.054%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2955	−0.042%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0008%	4h	0.2952	−0.142%	$745K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	−0.181%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0067%	4h	0.2950	−0.210%	$16.1M	$23.2M	50x	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	+0.0075%	8h	0.2955	−0.052%	$9K	$13K	10x	as long as short
Lighter JUPlong	+0.0096%	1h	0.2956	long leg	$793K	$1.3M	10x
Nado JUP-PERP	+0.0100%	1h	0.2953	−0.117%	$610K	$670K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2958	+0.071%	$19.0M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2956	−0.018%	$106K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2952	−0.126%	$16.3M	$54.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2954	−0.074%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.095%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2953	−0.108%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2956	−0.007%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	−0.007%	$5.6M	$8.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2953	−0.108%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2958	+0.064%	$979K	$255K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2952	−0.155%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2957	+0.027%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	−0.007%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2957	+0.041%	$93K	$131K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2955	−0.041%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2946	−0.345%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2960	+0.129%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	−0.163%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0132%	1h	0.2957	+0.015%	$39K	$35K	5x	as long as short
BloFin JUP-USDT	+0.0148%	4h	0.2954	−0.074%	$844K	$327K	50x	as long as short
Phoenix JUP	+0.0190%	1h	0.2960	+0.122%	$95K	$441K	10x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2951	−0.171%	$2.2M	$503K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2957	+0.041%	$74K	$94K	50x	as long as short