Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h —

Price spread now: 01 Exchange against Reya+0.109%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 01 Exchange

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 +$2 a day on $10k at the current rate, and 01 Exchange is 0.109% 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	0.2963	0.0057	pay 0.0007% / 1h	1m 06s	—	—	20x
Short	01 Exchange JUPUSD	0.2967	0.0120	get 0.0015% / 1h	1m 06s	$26K	$17K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.109%Rate

Funding earned: $13.29
Price spread: +0.109% → 0.000%: $10.91
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $11.2
Costs to cover: 0.130%
Break-even: 1.1 days

Slippage unknown: Reya: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

Reya and 01 Exchange: 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	−0.4661%	1h	0.2920	−1.460%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2965	+0.046%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2964	+0.017%	$282K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2964	+0.028%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2964	+0.031%	—	—	150x	as long as short
dYdX JUP-USD	+0.0008%	1h	0.2965	+0.073%	$39K	$24K	5x	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2963	long leg	—	—	20x
Kraken Futures PF_JUPUSD	+0.0095%	1h	0.2964	+0.027%	$594K	$469K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2966	+0.085%	$783K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2965	+0.072%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2965	+0.075%	$604K	$488K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.038%	$18.6M	$9.4M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2965	+0.048%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2962	−0.043%	$16.3M	$40.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2960	−0.110%	$15.9M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2963	−0.009%	$4.0M	$11.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2949	−0.492%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2962	−0.043%	$735K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2962	−0.043%	$7.4M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2963	−0.009%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2963	−0.009%	$5.8M	$5.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2961	−0.077%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2963	−0.012%	$979K	$233K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2959	−0.128%	$723K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2958	−0.178%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2958	−0.178%	$157K	$250K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2972	+0.278%	$94K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2965	+0.058%	$31K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2958	−0.178%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2967	+0.126%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	−0.101%	$40K	—	3x	as long as short
01 Exchange JUPUSDshort	+0.0120%	1h	0.2967	+0.109%	$26K	$17K	5x
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2970	+0.231%	$75K	$50K	50x	as long as short
Extended JUP-USD	+0.0240%	1h	0.2961	−0.080%	$2.2M	$498K	25x	as long as short
Phoenix JUP	+0.0271%	1h	0.2964	+0.008%	$97K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2962	−0.043%	$838K	$376K	50x	as long as short