Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h —

Price spread now: Reya against MEXC−0.030%7-day average — · you buy dearer than you sell

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

Long on MEXC 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 0.030% cheaper against MEXC than usual: you would sell low and buy high (−$3 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	MEXC JUP_USDT	0.2946	0.0100	pay 0.0050% / 4h	1h 37m	$7.9M	$8.0M	200x
Short	Reya JUPRUSDPERP	0.2945	0.0057	get 0.0007% / 1h	37m 02s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against MEXC. 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 MEXCbpFee ReyabpOrdersPrice spread, now −0.030%Rate

Funding earned: −$9.09
Price spread: −0.030% → 0.000%: −$3.05
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: −$18.14
Costs to cover: 0.060%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 1 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 MEXC live order book, 1 min ago	1.70 bp	6.1 bp −$6	17.8 bp −$178	93.2 bp −$9,321	236.1 bp −$118.0K
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	−0.3508%	1h	0.2918	−0.950%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0541% / S +0.0374%	1h	0.2948	+0.074%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2948	+0.084%	$281K	$172K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0259%	1h	0.2947	+0.037%	$56K	$14K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2947	+0.050%	$598K	$619K	20x	as long as short
01 Exchange JUPUSD	−0.0096%	1h	0.2948	+0.051%	$26K	$19K	5x	as long as short
Gate JUP_USDT	−0.0014%	4h	0.2945	−0.034%	$733K	$1.9M	75x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2950	+0.119%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0035%	4h	0.2944	−0.068%	$16.1M	$23.8M	50x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2945	−0.030%	—	—	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0065%	1h	0.2953	+0.226%	$39K	$35K	5x	as long as short
Paradex JUP-USD-PERP	+0.0066%	8h	0.2947	+0.034%	$9K	$15K	10x	as long as short
BloFin JUP-USDT	+0.0070%	4h	0.2948	+0.068%	$847K	$327K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2948	+0.081%	$790K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2947	+0.025%	$612K	$673K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2952	+0.200%	$18.9M	$13.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2950	+0.131%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2946	−0.016%	$16.3M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2945	−0.034%	$4.0M	$16.6M	50x	as long as short
MEXC JUP_USDTlong	+0.0100%	4h	0.2946	long leg	$7.9M	$8.0M	200x
KuCoin JUPUSDTM	+0.0100%	4h	0.2950	+0.136%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2946	0.000%	$5.6M	$8.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2946	0.000%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2947	+0.037%	$975K	$260K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2955	+0.311%	$714K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2957	+0.373%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2959	+0.441%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2952	+0.190%	$93K	$136K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2948	+0.068%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2947	+0.034%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2951	+0.170%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.373%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2944	−0.059%	$2.2M	$541K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2943	−0.087%	$40K	—	3x	as long as short
Phoenix JUP	+0.0190%	1h	0.2959	+0.434%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.477%	$74K	$94K	50x	as long as short