JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%

Price spread now: Lighter against Polymarket Perps−0.108%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$500.505% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.285%+$28 on $10k

Price spread, last 4 days (all we have)−0.424%−$42 · spread now −0.108%, 7d avg −0.029%

Together, before fees−0.139%+ Points / potential airdropLighter: Season 3 · farm board−$14 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 0.079% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$8 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps JUP-USD	0.2962	0.0100	pay 0.0013% / 1h	53m 59s	$94K	$105K	10x
Short	Lighter JUP	0.2959	0.0096	get 0.0012% / 1h	53m 59s	$782K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now −0.108%Rate

Funding earned: −$0.84
Price spread: −0.108% → −0.029%: −$7.91
Slippage, 4 orders: −$42.48
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$59.23
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 63 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 Polymarket Perps live order book, 63 min ago	3.37 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Lighter live order book, 2 min ago	3.21 bp	12.5 bp −$12	60.3 bp −$603	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	−0.5000%	1h	0.2921	−1.388%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2959	−0.094%	$16K	—	100x	as long as short
Backpack JUP_USDC_PERP	−0.0198%	1h	0.2957	−0.179%	$977K	$233K	10x	as long as short
Pacifica JUP	−0.0183%	1h	0.2960	−0.057%	$282K	$146K	10x	as long as short
Bybit JUPUSDT	−0.0094%	4h	0.2952	−0.334%	$15.9M	$17.9M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0021%	1h	0.2957	−0.182%	$54K	$16K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2959	−0.089%	$39K	$22K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2960	−0.079%	—	—	150x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2963	+0.034%	$26K	$17K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2957	−0.172%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUPshort	+0.0096%	1h	0.2959	−0.108%	$782K	$1.0M	10x
Paradex JUP-USD-PERP	+0.0099%	8h	0.2962	−0.006%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2957	−0.172%	$602K	$486K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2958	−0.129%	$18.6M	$9.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2958	−0.125%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2956	−0.206%	$16.2M	$40.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2957	−0.172%	$4.0M	$11.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2960	−0.058%	$62K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2957	−0.172%	$734K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2958	−0.138%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2959	−0.105%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2958	−0.138%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2957	−0.172%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2947	−0.510%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	−0.367%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2948	−0.476%	$156K	$251K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2962	long leg	$94K	$105K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2956	−0.206%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2950	−0.408%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2959	−0.105%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2959	−0.088%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2958	−0.138%	$593K	$467K	20x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2957	−0.183%	$2.2M	$494K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2964	+0.061%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2955	−0.230%	$97K	$283K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2961	−0.037%	$838K	$376K	50x	as long as short