Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0283%/8h= −31.0% APRpaid last 24h —

Price spread now: Reya against BloFin−0.009%46s7-day average — · you buy dearer than you sell

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

Long on BloFin Short on Reya

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 sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$8 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin JUP-USDT	0.2949	0.0340	pay 0.0170% / 4h	1h 03m	$843K	$383K	50x
Short	Reya JUPRUSDPERP	0.2949	0.0057	get 0.0007% / 1h	3m 33s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BloFin. 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 BloFinbpFee ReyabpOrdersPrice spread, now −0.009%Rate

Funding earned: −$59.49
Price spread: −0.009% → 0.000%: −$0.89
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$78.38
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: BloFin: live order book, 38 min ago; Reya: 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 BloFin live order book, 38 min ago	3.40 bp	16.3 bp −$16	28.4 bp −$284	154.5 bp −$15.5K	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	0.2941	−0.271%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2952	+0.115%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2948	−0.039%	$281K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0021%	1h	0.2952	+0.102%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2952	+0.112%	—	—	150x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2949	−0.009%	—	—	20x
Lighter JUP	+0.0096%	1h	0.2951	+0.075%	$779K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2947	−0.054%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2948	−0.025%	$595K	$501K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2951	+0.059%	$18.7M	$9.6M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JUPUSDT	+0.0100%	4h	0.2950	+0.020%	$114K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2950	+0.034%	$16.3M	$42.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2949	0.000%	$15.8M	$19.0M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2948	−0.034%	$4.0M	$12.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	+0.136%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2948	−0.034%	$736K	$1.5M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2948	−0.034%	$7.3M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2949	0.000%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2948	−0.034%	$5.7M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2948	−0.034%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2953	+0.139%	$979K	$249K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2948	−0.019%	$720K	$694K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.066%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2951	+0.068%	$157K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2952	+0.105%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2952	+0.102%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2947	−0.068%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2957	+0.271%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	+0.058%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0106%	1h	0.2949	+0.014%	$39K	$26K	5x	as long as short
01 Exchange JUPUSD	+0.0200%	1h	0.2953	+0.139%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0201%	1h	0.2954	+0.157%	$591K	$488K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2961	+0.404%	$74K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2968	+0.641%	$99K	$329K	10x	as long as short
BloFin JUP-USDTlong	+0.0340%	4h	0.2949	long leg	$843K	$383K	50x
Extended JUP-USD	+0.0432%	1h	0.2947	−0.059%	$2.2M	$502K	25x	as long as short