Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h —

Price spread now: Aster against Reya+0.189%56s7-day average — · you sell dearer than you buy

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

Long on Reya Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.189% dearer against Reya than usual: you sell high and buy low: +$19 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JUPRUSDPERP	0.2987	0.0057	pay 0.0007% / 1h	46m 31s	—	—	20x
Short	Aster JUPUSDT	0.2992	0.0100	get 0.0050% / 4h	3h 46m	$116K	$357K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.189%Rate

Funding earned: $9.09
Price spread: +0.189% → 0.000%: $18.89
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: $13.99
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Aster: live order book, 26 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 26 min ago	1.68 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit

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	−0.4634%	1h	0.2959	−0.922%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.2990	+0.117%	$285K	$150K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0285%	1h	0.2989	+0.065%	$55K	$16K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2989	+0.094%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.2990	+0.099%	$602K	$542K	20x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2990	+0.130%	$17K	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0024%	4h	0.2983	−0.119%	$4.1M	$16.1M	50x	as long as short
01 Exchange JUPUSD	+0.0032%	1h	0.2987	+0.029%	$26K	$19K	5x	as long as short
dYdX JUP-USD	+0.0037%	1h	0.2992	+0.167%	$39K	$32K	5x	as long as short
Bybit JUPUSDT	+0.0054%	4h	0.2984	−0.085%	$16.3M	$21.5M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0057%	4h	0.2989	+0.083%	$724K	$776K	—	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2987	long leg	—	—	20x
Paradex JUP-USD-PERP	+0.0083%	8h	0.2988	+0.051%	$9K	$13K	10x	as long as short
BloFin JUP-USDT	+0.0083%	4h	0.2985	−0.052%	$846K	$309K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2991	+0.142%	$752K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2990	+0.116%	$31K	$47K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2984	−0.102%	$619K	$640K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2994	+0.256%	$19.2M	$13.0M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2992	+0.189%	$116K	$357K	10x
Binance JUPUSDT	+0.0100%	4h	0.2986	−0.018%	$16.4M	$50.9M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2987	+0.021%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2990	+0.116%	$748K	$1.5M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2990	+0.116%	$8.1M	$7.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2991	+0.149%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2991	+0.149%	$5.8M	$7.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2988	+0.049%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2990	+0.122%	$990K	$232K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2992	+0.193%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2993	+0.216%	$159K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2994	+0.233%	$95K	$117K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2982	−0.152%	$112K	$60K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2994	+0.250%	$2.9M	$3.8M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2990	+0.101%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2987	+0.020%	$2.2M	$491K	25x	as long as short
Phoenix JUP	+0.0214%	1h	0.2991	+0.149%	$97K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2996	+0.323%	$75K	$88K	50x	as long as short