Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0121%/8h= +13.3% APRnext payment +$0.15 per $10,000 · paid last 24h —

Price spread now: Kraken Futures against Reya+0.114%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 Kraken Futures

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.114% dearer against Reya than usual: you sell high and buy low: +$11 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JUPRUSDPERP	0.2948	0.0057	pay 0.0007% / 1h	56m 35s	—	—	20x
Short	Kraken Futures PF_JUPUSD	0.2952	0.0178	get 0.0022% / 1h	56m 35s	$591K	$468K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.114%Rate

Funding earned: $25.42
Price spread: +0.114% → 0.000%: $11.39
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $20.81
Costs to cover: 0.160%
Break-even: 1.3 days

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 61 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 Kraken Futures live order book, 61 min ago	17.00 bp	26.1 bp −$26	64.4 bp −$644	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	0.2921	−0.925%	$3K	$206K	5.5x	as long as short
Backpack JUP_USDC_PERP	−0.0461%	1h	0.2950	+0.065%	$975K	$233K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2951	+0.084%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2949	+0.019%	$281K	$146K	10x	as long as short
Bybit JUPUSDT	−0.0152%	4h	0.2945	−0.111%	$15.8M	$17.9M	50x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2951	+0.106%	$39K	$23K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2950	+0.069%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2952	+0.115%	—	—	150x	as long as short
01 Exchange JUPUSD	+0.0024%	1h	0.2949	+0.035%	$26K	$17K	5x	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2948	long leg	—	—	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2953	+0.167%	$780K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2947	−0.052%	$9K	$11K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2953	+0.171%	$18.6M	$9.4M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2951	+0.093%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2949	+0.036%	$16.2M	$40.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2947	−0.043%	$4.0M	$11.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2949	+0.014%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2949	+0.025%	$731K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2948	−0.009%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2950	+0.059%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2950	+0.059%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2947	−0.043%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2959	+0.380%	$723K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	+0.228%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	+0.262%	$157K	$250K	50x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2950	+0.059%	$600K	$485K	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2954	+0.194%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2951	+0.093%	$30K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2945	−0.111%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2954	+0.194%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2948	−0.005%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSDshort	+0.0178%	1h	0.2952	+0.114%	$591K	$468K	20x
Extended JUP-USD	+0.0216%	1h	0.2946	−0.079%	$2.2M	$498K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2970	+0.740%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2955	+0.238%	$97K	$283K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2950	+0.059%	$835K	$374K	50x	as long as short