Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0006%/8h= +0.6% APRpaid last 24h —

Price spread now: Paradex against Reya−0.062%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 Paradex

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 · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.062% cheaper against Reya than usual: you would sell low and buy high, −$6 on $10k if it 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	0.2945	0.0057	pay 0.0007% / 1h	35m 01s	—	—	20x
Short	Paradex JUP-USD-PERP	0.2944	0.0063	get 0.0063% / 8h	1h 35m	$9K	$15K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.062%Rate

Funding earned: $1.22
Price spread: −0.062% → 0.000%: −$6.18
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$14.96
Costs to cover: 0.100%
Break-even: 92.9 days

Slippage unknown: Reya: no order-book sample; Paradex: 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 Paradex no order-book sample	—	—	—	—	—

Reya and Paradex: 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	−0.3508%	1h	0.2918	−0.931%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2948	+0.086%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2944	−0.037%	$281K	$172K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2947	+0.068%	$598K	$618K	20x	as long as short
01 Exchange JUPUSD	−0.0112%	1h	0.2945	−0.028%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0055%	1h	0.2947	+0.067%	$56K	$14K	10x	as long as short
Gate JUP_USDT	−0.0032%	4h	0.2943	−0.082%	$732K	$1.9M	75x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2948	+0.071%	$17K	—	150x	as long as short
Bybit JUPUSDT	+0.0015%	4h	0.2942	−0.116%	$16.1M	$23.7M	50x	as long as short
BloFin JUP-USDT	+0.0051%	4h	0.2945	−0.014%	$846K	$322K	50x	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	0.2945	long leg	—	—	20x
dYdX JUP-USD	+0.0060%	1h	0.2946	+0.006%	$38K	$35K	5x	as long as short
Paradex JUP-USD-PERPshort	+0.0063%	8h	0.2944	−0.062%	$9K	$15K	10x
Lighter JUP	+0.0096%	1h	0.2948	+0.101%	$790K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2945	+0.003%	$611K	$672K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2950	+0.149%	$18.9M	$13.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2945	−0.014%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2946	+0.006%	$16.3M	$55.8M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2943	−0.082%	$4.0M	$16.5M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2946	+0.019%	$7.9M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2948	+0.087%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2943	−0.082%	$5.6M	$8.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2943	−0.082%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2947	+0.036%	$975K	$259K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2943	−0.077%	$712K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2949	+0.121%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2959	+0.461%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2951	+0.182%	$93K	$135K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2947	+0.053%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2939	−0.218%	$110K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2952	+0.223%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.393%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2942	−0.124%	$2.2M	$541K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2944	−0.031%	$40K	—	3x	as long as short
Phoenix JUP	+0.0190%	1h	0.2959	+0.454%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.496%	$74K	$94K	50x	as long as short