Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0039%/8h= −4.3% APRnext payment −$0.05 per $10,000 · paid last 24h —

Price spread now: Reya against Lighter−0.134%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 Reya

What this pair did over the last

the charts below follow

Funding, last 7 days—no history yet

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

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

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Reya is 0.134% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter JUP	0.2972	0.0096	pay 0.0012% / 1h	24m 10s	$794K	$1.4M	10x
Short	Reya JUPRUSDPERP	0.2968	0.0057	get 0.0007% / 1h	24m 10s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.134%Rate

Funding earned: −$8.25
Price spread: −0.134% → 0.000%: −$13.39
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$27.65
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: Lighter: live order book, 2 min ago; Reya: 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, 2 min ago	2.69 bp	12.4 bp −$12	46.3 bp −$463	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.4371%	1h	0.2950	−0.734%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2972	+0.020%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2972	−0.007%	$599K	$597K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2970	−0.044%	$283K	$167K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0087%	1h	0.2971	−0.040%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0056%	4h	0.2967	−0.168%	$16.2M	$22.4M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2972	+0.022%	$17K	—	150x	as long as short
01 Exchange JUPUSD	+0.0008%	1h	0.2970	−0.074%	$26K	$19K	5x	as long as short
Gate JUP_USDT	+0.0046%	4h	0.2968	−0.128%	$743K	$1.8M	75x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2968	−0.134%	—	—	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0060%	1h	0.2973	+0.057%	$39K	$33K	5x	as long as short
Variational Omni JUP	+0.0075%	4h	0.2975	+0.113%	$720K	$880K	—	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2970	−0.055%	$9K	$13K	10x	as long as short
Lighter JUPlong	+0.0096%	1h	0.2972	long leg	$794K	$1.4M	10x
OKX JUP-USDT-SWAP	+0.0096%	4h	0.2967	−0.162%	$4.1M	$16.2M	50x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2972	+0.007%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2970	−0.061%	$613K	$655K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2974	+0.059%	$115K	$361K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2969	−0.088%	$16.3M	$53.1M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2981	+0.312%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2969	−0.094%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2972	+0.007%	$4.2M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2969	−0.094%	$5.8M	$7.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2968	−0.128%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2971	−0.030%	$983K	$239K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2982	+0.337%	$1.7M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2983	+0.377%	$159K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2974	+0.071%	$94K	$128K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2965	−0.229%	$111K	$65K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2977	+0.175%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2969	−0.111%	$40K	—	3x	as long as short
Hyperliquid JUP	+0.0120%	1h	0.2975	+0.121%	$19.1M	$13.0M	10x	as long as short
BloFin JUP-USDT	+0.0137%	4h	0.2975	+0.108%	$849K	$320K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2984	+0.397%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2967	−0.157%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.962%	$75K	$92K	50x	as long as short