Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h —

Price spread now: Reya against HTX+0.204%7-day average — · you sell dearer than you buy

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

Long on HTX 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 pays, funding is against you. Reya is 0.204% dearer against HTX than usual: you sell high and buy low (spread +0.204% now, against zero (this spread has no 7-day history yet)): +$20 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JUP-USDT	0.2962	0.0100	pay 0.0050% / 4h	2h 57m	$111K	$69K	20x
Short	Reya JUPRUSDPERP	0.2968	0.0057	get 0.0007% / 1h	57m 02s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against HTX. 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 HTXbpFee ReyabpOrdersPrice spread, now +0.204%Rate

Funding earned: −$9.09
Price spread: +0.204% → 0.000%: $20.43
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$6.66
Costs to cover: 0.180%
Break-even: from the start

Slippage unknown: HTX: live order book, 28 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 HTX live order book, 28 min ago	11.76 bp	123.4 bp −$123	doesn't fit	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	0.2941	−0.709%	$47K	$110K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0696% / S +0.0242%	1h	0.2972	+0.324%	$13K	—	100x	as long as short
Backpack JUP_USDC_PERP	−0.0411%	1h	0.2971	+0.317%	$985K	$274K	10x	as long as short
Bybit JUPUSDT	−0.0355%	4h	0.2972	+0.338%	$16.3M	$24.2M	50x	as long as short
01 Exchange JUPUSD	−0.0256%	1h	0.2967	+0.172%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0053%	1h	0.2971	+0.290%	$57K	$13K	10x	as long as short
Gate JUP_USDT	−0.0014%	4h	0.2966	+0.135%	$740K	$1.9M	75x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2972	+0.338%	$39K	$38K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2974	+0.405%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2971	+0.295%	$17K	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2972	+0.349%	$603K	$624K	20x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2968	+0.204%	—	—	20x
BloFin JUP-USDT	+0.0078%	4h	0.2968	+0.203%	$870K	$331K	50x	as long as short
Paradex JUP-USD-PERP	+0.0088%	8h	0.2967	+0.176%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2974	+0.409%	$912K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2970	+0.270%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2967	+0.169%	$597K	$676K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2975	+0.446%	$19.1M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2970	+0.270%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2968	+0.211%	$283K	$184K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2972	+0.338%	$16.5M	$56.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2972	+0.338%	$4.1M	$16.8M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2970	+0.270%	$8.0M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2972	+0.338%	$4.5M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2971	+0.304%	$5.7M	$8.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2968	+0.203%	—	$21.5M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2979	+0.559%	$728K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2978	+0.538%	$1.6M	$4.3M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2975	+0.439%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2973	+0.368%	$94K	$138K	10x	as long as short
HTX JUP-USDTlong	+0.0100%	4h	0.2962	long leg	$111K	$69K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2975	+0.439%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2978	+0.537%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2968	+0.187%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0224%	1h	0.2971	+0.318%	$2.2M	$542K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2988	+0.868%	$74K	$95K	50x	as long as short