Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h —

Price spread now: Reya against KuCoin−0.043%7-day average — · you buy dearer than you sell

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

Long on KuCoin 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 −$1 a day on $10k at the current rate, and Reya is 0.043% cheaper against KuCoin than usual: you would sell low and buy high (−$4 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	KuCoin JUPUSDTM	0.2965	0.0100	pay 0.0050% / 4h	1h 34m	$4.0M	$6.7M	50x
Short	Reya JUPRUSDPERP	0.2964	0.0057	get 0.0007% / 1h	34m 29s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against KuCoin. 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 KuCoinbpFee ReyabpOrdersPrice spread, now −0.043%Rate

Funding earned: −$9.09
Price spread: −0.043% → 0.000%: −$4.28
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$31.37
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 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 KuCoin live order book, 3 min ago	6.78 bp	35.4 bp −$35	118.3 bp −$1,183	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	0.2918	−1.585%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2964	−0.025%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2964	−0.045%	$282K	$147K	10x	as long as short
Bybit JUPUSDT	0.0000%	4h	0.2963	−0.074%	$15.9M	$19.2M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2969	+0.121%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2965	−0.007%	—	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0050%	4h	0.2965	0.000%	$4.1M	$12.6M	50x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2964	−0.043%	—	—	20x
Backpack JUP_USDC_PERP	+0.0059%	1h	0.2968	+0.101%	$986K	$255K	10x	as long as short
dYdX JUP-USD	+0.0086%	1h	0.2966	+0.048%	$39K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2966	+0.047%	$785K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0097%	8h	0.2963	−0.066%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2963	−0.076%	$600K	$509K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2968	+0.088%	$18.8M	$9.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2967	+0.056%	$114K	$298K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2965	0.000%	$16.4M	$43.2M	75x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2965	0.000%	$740K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2964	−0.034%	$7.5M	$6.6M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2965	long leg	$4.0M	$6.7M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2966	+0.034%	$5.8M	$6.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2964	−0.034%	—	$20.8M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2965	−0.003%	$723K	$698K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	−0.157%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2957	−0.270%	$157K	$275K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2967	+0.074%	$94K	$107K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2968	+0.101%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2965	0.000%	$112K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2973	+0.270%	$2.9M	$3.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.007%	$62K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2967	+0.067%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2967	+0.071%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0199%	1h	0.2969	+0.139%	$593K	$494K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2966	+0.040%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2968	+0.101%	$98K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2964	−0.034%	$840K	$371K	50x	as long as short
Extended JUP-USD	+0.0352%	1h	0.2962	−0.094%	$2.2M	$493K	25x	as long as short