Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Lighter against MEXC+0.146%7-day average +0.104% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 7 days−0.150%−$15 · spread now +0.146%, 7d avg +0.104%

Together, before fees−0.091%+ Points / potential airdropLighter: Season 3 · farm board−$9 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: Lighter is 0.042% dearer against MEXC than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.104%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC JUP_USDT	0.2946	0.0100	pay 0.0050% / 4h	3h 38m	$7.9M	$5.6M	200x
Short	Lighter JUP	0.2950	0.0096	get 0.0012% / 1h	38m 15s	$761K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now +0.146%Rate

Funding earned: −$0.84
Price spread: +0.146% → +0.104%: $4.19
Slippage, 4 orders: −$30.59
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: −$27.24
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; Lighter: live order book, 2 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 MEXC live order book, 5 min ago	1.70 bp	6.8 bp −$7	14.2 bp −$142	111.8 bp −$11.2K	259.0 bp −$129.5K
Sell Lighter live order book, 2 min ago	4.24 bp	9.0 bp −$9	57.8 bp −$578	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	−0.3798%	1h	0.2898	−1.629%	$3K	$205K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2946	+0.015%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0187%	4h	0.2944	−0.068%	$16.0M	$17.1M	50x	as long as short
Pacifica JUP	−0.0070%	1h	0.2942	−0.125%	$281K	$138K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2945	−0.021%	$16K	—	150x	as long as short
dYdX JUP-USD	+0.0039%	1h	0.2942	−0.119%	$39K	$15K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2946	+0.001%	—	—	20x	as long as short
HTX JUP-USDT	+0.0071%	4h	0.2933	−0.441%	$113K	$47K	20x	as long as short
Lighter JUPshort	+0.0096%	1h	0.2950	+0.146%	$761K	$1.0M	10x
Paradex JUP-USD-PERP	+0.0099%	8h	0.2942	−0.147%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2945	−0.042%	$580K	$490K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2952	+0.193%	$18.2M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2946	0.000%	$102K	$300K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2947	+0.034%	$16.1M	$38.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2948	+0.068%	$4.1M	$10.2M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2944	−0.068%	$698K	$1.3M	75x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.2946	long leg	$7.9M	$5.6M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2946	0.000%	$4.0M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2946	0.000%	$5.8M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2947	+0.034%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2949	+0.115%	$979K	$222K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2940	−0.203%	$714K	$527K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2950	+0.136%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2945	−0.034%	$162K	$249K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2945	−0.034%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2946	0.000%	$33K	$29K	10x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2951	+0.170%	$2.9M	$3.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2946	−0.009%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2944	−0.051%	$40K	—	3x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0123%	1h	0.2948	+0.068%	$53K	$17K	10x	as long as short
Extended JUP-USD	+0.0152%	1h	0.2946	−0.008%	$2.2M	$577K	25x	as long as short
01 Exchange JUPUSD	+0.0224%	1h	0.2949	+0.112%	$26K	$2K	5x	as long as short
Phoenix JUP	+0.0272%	1h	0.2951	+0.160%	$107K	$275K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0278%	1h	0.2949	+0.095%	$582K	$416K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2957	+0.356%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2946	0.000%	$821K	$377K	50x	as long as short