Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0056%/8h= −6.2% APRnext payment −$0.07 per $10,000 · paid last 24h —

Price spread now: gTrade (Gains Network) against Reya+0.057%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 gTrade (Gains Network)

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

The price spread pays, funding is against you. gTrade (Gains Network) is 0.057% dearer against Reya than usual: you sell high and buy low (spread +0.057% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JUPRUSDPERP	0.2958	0.0057	pay 0.0007% / 1h	39m 59s	—	—	20x
Short	gTrade (Gains Network) JUP/USD	0.2960	L +0.0001% / S −0.0001%	get 0.0000% / 1h	39m 59s	—	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.057%Rate

Funding earned: −$11.79
Price spread: +0.057% → 0.000%: $5.68
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$22.11
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—

Reya and gTrade (Gains Network): 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	0.2904	−1.825%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2959	+0.025%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2957	−0.033%	$282K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	+0.065%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USDshort	L +0.0001% / S −0.0001%	1h	0.2960	+0.057%	—	—	150x
Bybit JUPUSDT	+0.0013%	4h	0.2956	−0.057%	$15.8M	$19.2M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0034%	4h	0.2956	−0.067%	$4.1M	$12.6M	50x	as long as short
Backpack JUP_USDC_PERP	+0.0036%	1h	0.2961	+0.095%	$983K	$255K	10x	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2958	long leg	—	—	20x
Variational Omni JUP	+0.0093%	4h	0.2946	−0.408%	$719K	$698K	—	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	0.2961	+0.115%	$783K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0096%	8h	0.2960	+0.057%	$9K	$11K	10x	as long as short
dYdX JUP-USD	+0.0100%	1h	0.2959	+0.048%	$39K	$27K	5x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2958	+0.017%	$599K	$511K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2960	+0.068%	$18.8M	$10.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2960	+0.053%	$114K	$298K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2957	−0.031%	$16.3M	$43.5M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2939	−0.654%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2959	+0.034%	$739K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2957	−0.033%	$7.5M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2959	+0.034%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	−0.067%	$5.8M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	+0.068%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	−0.291%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2946	−0.405%	$157K	$274K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2963	+0.183%	$94K	$107K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2960	+0.068%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2954	−0.135%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2960	+0.068%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2956	−0.055%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0176%	1h	0.2962	+0.149%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0200%	1h	0.2959	+0.029%	$591K	$496K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2950	−0.267%	$74K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2937	−0.716%	$97K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2951	−0.236%	$841K	$370K	50x	as long as short
Extended JUP-USD	+0.0352%	1h	0.2954	−0.120%	$2.2M	$492K	25x	as long as short