Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h —

Price spread now: Reya against gTrade (Gains Network)−0.016%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) JUP/USD	0.2923	L +0.0001% / S −0.0001%	pay 0.0000% / 1h	20m 26s	—	—	150x
Short	Reya JUPRUSDPERP	0.2923	0.0057	get 0.0007% / 1h	20m 26s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ReyabpOrdersPrice spread, now −0.016%Rate

Funding earned: $11.68
Price spread: −0.016% → 0.000%: −$1.59
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$5.91
Costs to cover: 0.160%
Break-even: 10.5 days

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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	−0.4499%	1h	0.2868	−1.890%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2924	+0.019%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2919	−0.146%	$278K	$142K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2910	−0.463%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USDlong	L +0.0001% / S −0.0001%	1h	0.2923	long leg	—	—	150x
dYdX JUP-USD	+0.0010%	1h	0.2917	−0.197%	$39K	$20K	5x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2923	−0.016%	—	—	20x
Lighter JUP	+0.0096%	1h	0.2922	−0.060%	$758K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2922	−0.051%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2922	−0.051%	$579K	$493K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2924	+0.036%	$18.1M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2920	−0.104%	$106K	$281K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2923	−0.018%	$16.1M	$39.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2921	−0.077%	$15.8M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2924	+0.026%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2899	−0.829%	$60K	$280	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2921	−0.077%	$717K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2922	−0.042%	$6.8M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2920	−0.111%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2922	−0.042%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2922	−0.042%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2911	−0.419%	$959K	$191K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2909	−0.487%	$706K	$626K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2896	−0.938%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2892	−1.069%	$159K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2924	+0.029%	$92K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2924	+0.026%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2902	−0.727%	$109K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2908	−0.538%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2923	+0.005%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0136%	1h	0.2922	−0.053%	$2.2M	$556K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0260%	1h	0.2910	−0.461%	$574K	$463K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2905	−0.617%	$97K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2917	−0.203%	$74K	$48K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2910	−0.453%	$819K	$374K	50x	as long as short
Phemex JUPUSDT	+0.0422%	4h	0.2914	−0.316%	$2.9M	$3.0M	50x	as long as short