Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h —

Price spread now: Reya against dYdX−0.201%7-day average — · you buy dearer than you sell

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

Long on dYdX 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 −$5 a day on $10k at the current rate, and Reya is 0.201% cheaper against dYdX than usual: you would sell low and buy high (−$20 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	dYdX JUP-USD	0.2980	0.0211	pay 0.0026% / 1h	55m 09s	$39K	$35K	5x
Short	Reya JUPRUSDPERP	0.2974	0.0057	get 0.0007% / 1h	55m 09s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against dYdX. 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 dYdXbpFee ReyabpOrdersPrice spread, now −0.201%Rate

Funding earned: −$32.4
Price spread: −0.201% → 0.000%: −$20.13
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$68.54
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: dYdX: 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 dYdX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

dYdX 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	−0.4371%	1h	0.2935	−1.497%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2976	−0.116%	$15K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2975	−0.139%	$602K	$619K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2978	−0.059%	$284K	$169K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2976	−0.118%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2975	−0.155%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0050%	4h	0.2971	−0.289%	$747K	$1.8M	75x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2974	−0.201%	—	—	20x
Bybit JUPUSDT	+0.0062%	4h	0.2969	−0.356%	$16.3M	$23.0M	50x	as long as short
01 Exchange JUPUSD	+0.0072%	1h	0.2978	−0.071%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0081%	8h	0.2976	−0.134%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2977	−0.081%	$798K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2974	−0.197%	$614K	$667K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2974	−0.183%	$107K	$355K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2973	−0.222%	$16.4M	$53.9M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2969	−0.356%	$4.0M	$16.5M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2974	−0.188%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2976	−0.121%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2971	−0.289%	$5.7M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2971	−0.289%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2974	−0.188%	$984K	$247K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2972	−0.252%	$718K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2975	−0.155%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2974	−0.188%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2981	+0.053%	$94K	$130K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2976	−0.121%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2971	−0.289%	$112K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2977	−0.088%	$2.9M	$4.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2966	−0.457%	$58K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2973	−0.211%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0138%	4h	0.2972	−0.255%	$844K	$329K	50x	as long as short
Hyperliquid JUP	+0.0149%	1h	0.2976	−0.118%	$19.1M	$13.3M	10x	as long as short
Phoenix JUP	+0.0190%	1h	0.2973	−0.215%	$97K	$479K	10x	as long as short
dYdX JUP-USDlong	+0.0211%	1h	0.2980	long leg	$39K	$35K	5x
Extended JUP-USD	+0.0216%	1h	0.2973	−0.215%	$2.2M	$506K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	−0.047%	$74K	$95K	50x	as long as short