Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0003%/8h= +0.3% APRnext payment +$0.00 per $10,000 · paid last 24h —

Price spread now: dYdX against Reya+0.015%7-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 dYdX

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

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JUPRUSDPERP	0.2967	0.0057	pay 0.0007% / 1h	22m 27s	—	—	20x
Short	dYdX JUP-USD	0.2967	0.0059	get 0.0007% / 1h	22m 27s	$39K	$16K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.015%Rate

Funding earned: $0.56
Price spread: +0.015% → 0.000%: $1.51
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$13.93
Costs to cover: 0.160%
Break-even: 179.9 days

Slippage unknown: Reya: no order-book sample; dYdX: 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 Reya no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Reya and dYdX: 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	−0.3798%	1h	0.2898	−2.327%	$3K	$205K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2964	−0.109%	$16K	—	100x	as long as short
Pacifica JUP	−0.0070%	1h	0.2967	−0.015%	$283K	$138K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2964	−0.094%	$16K	—	150x	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2967	long leg	—	—	20x
dYdX JUP-USDshort	+0.0059%	1h	0.2967	+0.015%	$39K	$16K	5x
Bybit JUPUSDT	+0.0067%	4h	0.2965	−0.069%	$16.1M	$16.8M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2970	+0.093%	$768K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0097%	8h	0.2967	0.000%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2966	−0.044%	$581K	$488K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2970	+0.113%	$18.3M	$8.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2966	−0.036%	$102K	$296K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2966	−0.035%	$16.2M	$37.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2966	−0.035%	$4.1M	$10.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2924	−1.454%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2966	−0.035%	$704K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2967	−0.002%	$7.9M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2965	−0.069%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2967	−0.002%	$5.8M	$4.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2967	−0.002%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2966	−0.025%	$984K	$222K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2927	−1.352%	$711K	$485K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2939	−0.961%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2934	−1.114%	$162K	$249K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2967	−0.002%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2964	−0.103%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2956	−0.372%	$114K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2967	−0.002%	$2.9M	$2.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2963	−0.153%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2967	−0.011%	$2.2M	$566K	25x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2969	+0.083%	$26K	$2K	5x	as long as short
Phoenix JUP	+0.0272%	1h	0.2934	−1.104%	$106K	$275K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0276%	1h	0.2966	−0.032%	$585K	$400K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2983	+0.524%	$79K	$49K	50x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0323%	1h	0.2966	−0.035%	$53K	$17K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2957	−0.339%	$828K	$377K	50x	as long as short