Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0332%/8h= +36.4% APRnext payment +$0.42 per $10,000 · paid last 24h —

Price spread now: Reya against GMX−0.055%7-day average — · you buy dearer than you sell

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

Long on GMX 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 0.055% cheaper against GMX than usual: you would sell low and buy high (spread −0.055% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$6 on $10k: about 13 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX JUP/USD [WBTC.b-USDC]	0.2952	L −0.0275% / S +0.0619%	get 0.0034% / 1h	28m 41s	$16K	—	100x
Short	Reya JUPRUSDPERP	0.2951	0.0057	get 0.0007% / 1h	28m 41s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against GMX. 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 GMXbpFee ReyabpOrdersPrice spread, now −0.055%Rate

Funding earned: $69.75
Price spread: −0.055% → 0.000%: −$5.54
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $46.22
Costs to cover: 0.180%
Break-even: 2.4 days

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

GMX 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 35 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	−0.4347%	1h	0.2901	−1.742%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2956	+0.126%	$282K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]long	L −0.0275% / S +0.0619%	1h	0.2952	long leg	$16K	—	100x
Bybit JUPUSDT	−0.0212%	4h	0.2954	+0.054%	$15.9M	$20.3M	50x	as long as short
OKX JUP-USDT-SWAP	−0.0062%	4h	0.2957	+0.155%	$4.1M	$14.4M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2952	−0.026%	$591K	$526K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2951	−0.038%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	+0.028%	—	—	150x	as long as short
Variational Omni JUP	+0.0009%	4h	0.2947	−0.182%	$720K	$751K	—	as long as short
Gate JUP_USDT	+0.0016%	4h	0.2955	+0.087%	$731K	$1.5M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0017%	1h	0.2956	+0.114%	$39K	$29K	5x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2951	−0.055%	—	—	20x
01 Exchange JUPUSD	+0.0088%	1h	0.2959	+0.230%	$26K	$19K	5x	as long as short
Paradex JUP-USD-PERP	+0.0089%	8h	0.2956	+0.127%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2959	+0.209%	$782K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2952	−0.014%	$31K	$43K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2954	+0.037%	$600K	$600K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2959	+0.223%	$18.8M	$11.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2958	+0.178%	$114K	$320K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2956	+0.129%	$16.3M	$46.6M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.552%	$61K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2956	+0.121%	$7.4M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2956	+0.121%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2957	+0.155%	$5.8M	$6.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2955	+0.087%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2953	+0.020%	$978K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2948	−0.149%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2952	−0.014%	$157K	$303K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2958	+0.196%	$94K	$110K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2953	+0.020%	$111K	$49K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2948	−0.138%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2960	+0.250%	$97K	$402K	10x	as long as short
Phemex JUPUSDT	+0.0243%	4h	0.2956	+0.121%	$2.9M	$3.6M	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2954	+0.037%	$74K	$52K	50x	as long as short
Extended JUP-USD	+0.0328%	1h	0.2955	+0.078%	$2.2M	$488K	25x	as long as short