Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h —

Price spread now: HTX against Reya−0.156%7-day average — · you buy dearer than you sell

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

Long on Reya Short on HTX

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

Funding pays, the price is against you. HTX is 0.156% cheaper against Reya than usual: you would sell low and buy high (spread −0.156% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$16 on $10k: about 12 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JUPRUSDPERP	0.2983	0.0057	pay 0.0007% / 1h	25m 56s	—	—	20x
Short	HTX JUP-USDT	0.2978	0.0100	get 0.0050% / 4h	2h 25m	$112K	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Reya. 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 ReyabpFee HTXbpOrdersPrice spread, now −0.156%Rate

Funding earned: $9.09
Price spread: −0.156% → 0.000%: −$15.58
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$24.48
Costs to cover: 0.180%
Break-even: 25.8 days

Slippage unknown: Reya: no order-book sample; HTX: live order book, 60 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 HTX live order book, 60 min ago	11.76 bp	110.3 bp −$110	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	−0.5000%	1h	0.2933	−1.664%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0833% / S +0.0285%	1h	0.2987	+0.143%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0184%	4h	0.2982	−0.025%	$16.3M	$24.2M	50x	as long as short
Phoenix JUP	0.0000%	1h	0.2977	−0.199%	$95K	$447K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2987	+0.129%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2986	+0.118%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2986	+0.127%	$605K	$624K	20x	as long as short
dYdX JUP-USD	+0.0035%	1h	0.2985	+0.088%	$39K	$36K	5x	as long as short
Gate JUP_USDT	+0.0050%	4h	0.2984	+0.045%	$744K	$1.9M	75x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2986	+0.126%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2983	long leg	—	—	20x
BloFin JUP-USDT	+0.0079%	4h	0.2977	−0.189%	$859K	$330K	50x	as long as short
Variational Omni JUP	+0.0087%	4h	0.2962	−0.680%	$724K	$1.2M	—	as long as short
Paradex JUP-USD-PERP	+0.0092%	8h	0.2984	+0.050%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2989	+0.200%	$882K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2986	+0.112%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2984	+0.045%	$602K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2988	+0.173%	$19.2M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2986	+0.123%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2985	+0.065%	$284K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2985	+0.079%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2984	+0.045%	$4.1M	$16.8M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2984	+0.045%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2986	+0.112%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2983	+0.012%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2982	−0.022%	—	$21.0M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2986	+0.112%	$989K	$268K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	−0.574%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	−0.558%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2989	+0.223%	$94K	$139K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2978	−0.156%	$112K	$69K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2989	+0.213%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2961	−0.715%	$57K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2984	+0.029%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2982	−0.016%	$2.2M	$539K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.230%	$74K	$95K	50x	as long as short