Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h −0.002%

Price spread now: Paradex against Lighter−0.169%7-day average — · you buy dearer than you sell

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

Long on Lighter Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.169% cheaper against Lighter than usual: you would sell low and buy high, −$17 on $10k if it 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	Lighter JUP	0.2912	0.0096	pay 0.0012% / 1h	20m 14s	$754K	$1.0M	10x
Short	Paradex JUP-USD-PERP	0.2907	0.0097	get 0.0097% / 8h	20m 14s	$9K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.169%Rate

Funding earned: $0.21
Price spread: −0.169% → 0.000%: −$16.89
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$20.68
Costs to cover: 0.040%
Break-even: 694.3 days

Slippage unknown: Lighter: live order book, 10 min ago; Paradex: no order-book sample. 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 Lighter live order book, 10 min ago	6.18 bp	11.6 bp −$12	44.7 bp −$447	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.3836%	1h	0.2875	−1.281%	$3K	$207K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2911	−0.047%	$16K	—	100x	as long as short
Pacifica JUP	−0.0058%	1h	0.2907	−0.182%	$277K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2911	−0.055%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2910	−0.071%	$16K	—	150x	as long as short
dYdX JUP-USD	+0.0019%	1h	0.2909	−0.098%	$38K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2908	−0.147%	—	—	20x	as long as short
Lighter JUPlong	+0.0096%	1h	0.2912	long leg	$754K	$1.0M	10x
Paradex JUP-USD-PERPshort	+0.0097%	8h	0.2907	−0.169%	$9K	$11K	10x
Nado JUP-PERP	+0.0100%	1h	0.2908	−0.139%	$571K	$492K	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	0.2912	−0.014%	$17.9M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2909	−0.120%	$100K	$295K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2909	−0.106%	$16.0M	$38.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2907	−0.182%	$15.7M	$17.3M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2910	−0.079%	$4.0M	$10.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2909	−0.121%	$60K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2908	−0.148%	$696K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2909	−0.113%	$6.9M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2909	−0.113%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2909	−0.113%	$5.8M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2908	−0.148%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2912	−0.021%	$963K	$223K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2903	−0.320%	$705K	$529K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2907	−0.183%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2907	−0.182%	$160K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2912	−0.010%	$92K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2910	−0.079%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2900	−0.422%	$109K	$42K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2908	−0.131%	$2.2M	$579K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2909	−0.122%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0136%	1h	0.2911	−0.038%	$26K	$3K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2927	+0.491%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2906	−0.216%	$815K	$369K	50x	as long as short
Phoenix JUP	+0.0355%	1h	0.2909	−0.124%	$104K	$284K	10x	as long as short
Phemex JUPUSDT	+0.0367%	4h	0.2912	−0.010%	$2.9M	$3.0M	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0416%	1h	0.2911	−0.061%	$573K	$417K	20x	as long as short