Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: MEXC against Lighter−0.195%7-day average −0.105% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$290.292% of the position

Long on Lighter Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 7 days+0.072%+$7 · spread now −0.195%, 7d avg −0.105%

Together, before fees+0.001%+ Points / potential airdropLighter: Season 3 · farm board$0 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: MEXC is 0.090% cheaper against Lighter than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.105%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.2973	0.0096	pay 0.0012% / 1h	11m 45s	$785K	$1.1M	10x
Short	MEXC JUP_USDT	0.2967	0.0100	get 0.0050% / 4h	1h 11m	$7.4M	$6.6M	200x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now −0.195%Rate

Funding earned: $0.84
Price spread: −0.195% → −0.105%: −$9
Slippage, 4 orders: −$29.24
Fee Lighter: 0 bp × 2 orders: $0
Fee MEXC: 0 bp × 2 orders: $0
Net: −$37.41
Costs to cover: 0.292%
Break-even: 318.7 days

Slippage from Lighter: live order book, 4 min ago; MEXC: live order book, 1 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, 4 min ago	2.69 bp	13.0 bp −$13	56.0 bp −$560	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	1.68 bp	3.9 bp −$4	14.2 bp −$142	97.4 bp −$9,735	244.5 bp −$122.2K

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	0.2941	−1.070%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2967	−0.183%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2970	−0.101%	$283K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2968	−0.148%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2969	−0.120%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2966	−0.213%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0083%	4h	0.2966	−0.229%	$15.9M	$19.0M	50x	as long as short
Lighter JUPlong	+0.0096%	1h	0.2973	long leg	$785K	$1.1M	10x
Paradex JUP-USD-PERP	+0.0098%	8h	0.2969	−0.124%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2968	−0.145%	$600K	$503K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2973	−0.007%	$18.9M	$9.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2970	−0.102%	$115K	$288K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2970	−0.094%	$16.4M	$42.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2968	−0.161%	$4.1M	$12.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2977	+0.141%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2968	−0.161%	$742K	$1.4M	75x	as long as short
MEXC JUP_USDTshort	+0.0100%	4h	0.2967	−0.195%	$7.4M	$6.6M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2967	−0.195%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2967	−0.195%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2968	−0.161%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2967	−0.205%	$982K	$247K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2978	+0.189%	$727K	$694K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2981	+0.276%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2980	+0.242%	$158K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2971	−0.050%	$94K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2968	−0.161%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2969	−0.128%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2975	+0.074%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2967	−0.212%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0123%	1h	0.2969	−0.114%	$39K	$26K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0200%	1h	0.2968	−0.150%	$594K	$488K	20x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2971	−0.057%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2972	−0.024%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2986	+0.437%	$98K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2969	−0.128%	$644K	$387K	50x	as long as short
Extended JUP-USD	+0.0432%	1h	0.2965	−0.246%	$2.2M	$497K	25x	as long as short