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% APRpaid last 24h —

Price spread now: Reya against Gate+0.182%7-day average — · you sell dearer than you buy

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

Long on Gate 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 for this trade now. Funding pays +$2 a day on $10k at the current rate, and Reya is 0.182% dearer against Gate than usual: you sell high and buy low: +$18 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JUP_USDT	0.2957	0	get 0.0000% / 4h	2h 12m	$736K	$2.0M	75x
Short	Reya JUPRUSDPERP	0.2962	0.0057	get 0.0007% / 1h	12m 56s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. 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 GatebpFee ReyabpOrdersPrice spread, now +0.182%Rate

Funding earned: $11.91
Price spread: +0.182% → 0.000%: $18.17
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: $9.08
Costs to cover: 0.210%
Break-even: 1.7 days

Slippage unknown: Gate: live order book, 5 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 Gate live order book, 5 min ago	3.36 bp	25.5 bp −$26	102.2 bp −$1,022	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	−0.5000%	1h	0.2978	+0.710%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0884% / S +0.0331%	1h	0.2965	+0.259%	$13K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0357%	1h	0.2963	+0.210%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0136%	4h	0.2956	−0.047%	$16.2M	$24.1M	50x	as long as short
Gate JUP_USDTlong	0.0000%	4h	0.2957	long leg	$736K	$2.0M	75x
Phoenix JUP	0.0000%	1h	0.2977	+0.659%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2966	+0.320%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2961	+0.137%	$600K	$624K	20x	as long as short
dYdX JUP-USD	+0.0026%	1h	0.2972	+0.501%	$39K	$36K	5x	as long as short
01 Exchange JUPUSD	+0.0032%	1h	0.2964	+0.254%	$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
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2962	+0.182%	—	—	20x
Paradex JUP-USD-PERP	+0.0092%	8h	0.2968	+0.373%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2962	+0.162%	$844K	$1.3M	10x	as long as short
BloFin JUP-USDT	+0.0098%	4h	0.2969	+0.406%	$858K	$333K	50x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2966	+0.313%	$597K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2963	+0.193%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2963	+0.207%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2971	+0.462%	$283K	$181K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2956	−0.034%	$16.3M	$56.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2957	0.000%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2958	+0.034%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	+0.135%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2959	+0.068%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2958	+0.034%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2959	+0.054%	$979K	$266K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2971	+0.486%	$727K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2979	+0.728%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2972	+0.507%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2970	+0.440%	$93K	$138K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2963	+0.203%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2964	+0.237%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	+0.237%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2982	+0.845%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	+0.112%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2956	−0.017%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+1.099%	$74K	$95K	50x	as long as short