Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h —

Price spread now: Reya against Bitget−0.059%7-day average — · you buy dearer than you sell

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

Long on Bitget 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 airdropReya: 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 0.059% cheaper against Bitget than usual: you would sell low and buy high (−$6 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	Bitget JUPUSDT	0.2951	0.0100	pay 0.0050% / 4h	4m 54s	$5.8M	$5.5M	75x
Short	Reya JUPRUSDPERP	0.2949	0.0057	get 0.0007% / 1h	4m 54s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 BitgetbpFee ReyabpOrdersPrice spread, now −0.059%Rate

Funding earned: −$9.09
Price spread: −0.059% → 0.000%: −$5.86
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$32.95
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Bitget: live order book, 3 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 Bitget live order book, 3 min ago	5.08 bp	15.9 bp −$16	24.6 bp −$246	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	−0.4661%	1h	0.2920	−1.050%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2951	+0.013%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2949	−0.059%	$281K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2951	+0.003%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2951	−0.010%	—	—	150x	as long as short
dYdX JUP-USD	+0.0008%	1h	0.2953	+0.053%	$39K	$24K	5x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2949	−0.059%	—	—	20x
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2951	+0.010%	$591K	$469K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2954	+0.085%	$780K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2951	−0.013%	$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	0.2949	−0.051%	$600K	$490K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2952	+0.024%	$18.6M	$9.4M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2951	−0.017%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2950	−0.033%	$16.2M	$40.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2946	−0.156%	$15.8M	$18.1M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2948	−0.102%	$4.0M	$11.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2949	−0.085%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2949	−0.068%	$730K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2950	−0.034%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2951	0.000%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDTlong	+0.0100%	4h	0.2951	long leg	$5.8M	$5.5M	75x
BingX JUP-USDT	+0.0100%	4h	0.2948	−0.102%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2951	0.000%	$975K	$234K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2945	−0.204%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2953	+0.055%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2952	+0.034%	$157K	$251K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2957	+0.197%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2950	−0.034%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2946	−0.169%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2955	+0.136%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2950	−0.025%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2950	−0.017%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2970	+0.647%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2951	+0.003%	$97K	$304K	10x	as long as short
Extended JUP-USD	+0.0272%	1h	0.2949	−0.079%	$2.2M	$498K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2950	−0.034%	$835K	$375K	50x	as long as short