Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.05 per $10,000 · paid last 24h —

Price spread now: Reya against Nado−0.077%7-day average — · you buy dearer than you sell

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

Long on Nado 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 airdropNado: Active · Reya: 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 0.077% cheaper against Nado than usual: you would sell low and buy high (−$8 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	Nado JUP-PERP	0.2895	0.0100	pay 0.0012% / 1h	23m 48s	$574K	$493K	10x
Short	Reya JUPRUSDPERP	0.2893	0.0057	get 0.0007% / 1h	23m 48s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Nado. 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 NadobpFee ReyabpOrdersPrice spread, now −0.077%Rate

Funding earned: −$9.09
Price spread: −0.077% → 0.000%: −$7.67
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: −$29.76
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 24 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 Nado live order book, 24 min ago	2.54 bp	9.5 bp −$9	43.4 bp −$434	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	−0.4499%	1h	0.2910	+0.501%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2895	−0.033%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2895	−0.013%	$276K	$142K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2898	+0.069%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2895	−0.010%	—	—	150x	as long as short
dYdX JUP-USD	+0.0011%	1h	0.2897	+0.068%	$38K	$20K	5x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2893	−0.077%	—	—	20x
Lighter JUP	+0.0096%	1h	0.2898	+0.104%	$756K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2897	+0.036%	$9K	$11K	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2895	long leg	$574K	$493K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2894	−0.041%	$18.0M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2894	−0.052%	$107K	$280K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2894	−0.052%	$15.9M	$39.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2892	−0.121%	$15.6M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2894	−0.052%	$4.0M	$10.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2909	+0.482%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2894	−0.052%	$715K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2894	−0.052%	$6.7M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2896	+0.017%	$3.9M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2895	−0.017%	$5.7M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2894	−0.052%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2896	+0.031%	$955K	$190K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2892	−0.120%	$702K	$630K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2906	+0.362%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2892	−0.121%	$159K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2896	+0.024%	$91K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2896	+0.017%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2889	−0.224%	$109K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2896	+0.017%	$39K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2896	+0.007%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0144%	1h	0.2892	−0.132%	$2.1M	$527K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0261%	1h	0.2898	+0.081%	$572K	$463K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2907	+0.387%	$97K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2909	+0.470%	$74K	$48K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2895	−0.017%	$819K	$372K	50x	as long as short
Phemex JUPUSDT	+0.0513%	4h	0.2903	+0.259%	$2.8M	$3.0M	50x	as long as short