Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0057%/8h= +6.2% APRnext payment +$0.07 per $10,000 · paid last 24h —

Price spread now: Reya against Deribit−0.150%7-day average — · you buy dearer than you sell

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

Long on Deribit 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

Funding pays, the price is against you. Reya is 0.150% cheaper against Deribit than usual: you would sell low and buy high (spread −0.150% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 8.8 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit JUP_USDC-PERPETUAL	0.2963	0	get 0.0000% / 1h	45m 40s	$56K	$14K	10x
Short	Reya JUPRUSDPERP	0.2959	0.0057	get 0.0007% / 1h	45m 40s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Deribit. 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 DeribitbpFee ReyabpOrdersPrice spread, now −0.150%Rate

Funding earned: $11.91
Price spread: −0.150% → 0.000%: −$14.96
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: −$16.06
Costs to cover: 0.130%
Break-even: 16.4 days

Slippage unknown: Deribit: no order-book sample; 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 Deribit no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Deribit and 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	−0.5000%	1h	0.2934	−0.979%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0731% / S +0.0253%	1h	0.2963	−0.014%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0400%	4h	0.2958	−0.172%	$16.2M	$24.1M	50x	as long as short
Backpack JUP_USDC_PERP	−0.0059%	1h	0.2962	−0.030%	$982K	$270K	10x	as long as short
Gate JUP_USDT	−0.0032%	4h	0.2959	−0.135%	$738K	$1.9M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2966	+0.094%	$94K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUALlong	0.0000%	1h	0.2963	long leg	$56K	$14K	10x
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2963	+0.011%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2964	+0.032%	$601K	$624K	20x	as long as short
dYdX JUP-USD	+0.0014%	1h	0.2961	−0.067%	$39K	$36K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0024%	1h	0.2965	+0.061%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2959	−0.150%	—	—	20x
BloFin JUP-USDT	+0.0068%	4h	0.2959	−0.135%	$866K	$330K	50x	as long as short
Paradex JUP-USD-PERP	+0.0089%	8h	0.2959	−0.121%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2964	+0.017%	$896K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2963	0.000%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2959	−0.143%	$597K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.047%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2963	+0.002%	$107K	$366K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2960	−0.100%	$282K	$185K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2961	−0.075%	$16.4M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2958	−0.169%	$4.1M	$16.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.057%	$58K	$4K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2960	−0.101%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2963	0.000%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2959	−0.135%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	−0.101%	—	$21.6M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2960	−0.118%	$724K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	−0.061%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2964	+0.034%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2965	+0.067%	$94K	$137K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2954	−0.304%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2967	+0.135%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2959	−0.134%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2957	−0.187%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.834%	$74K	$95K	50x	as long as short