Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0247%/8h= −27.1% APRnext payment −$0.31 per $10,000 · paid last 24h —

Price spread now: Reya against Coinbase International−0.303%7-day average — · you buy dearer than you sell

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

Long on Coinbase International 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

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Reya is 0.303% cheaper against Coinbase International than usual: you would sell low and buy high (−$30 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International JUP-PERP-INTX	0.2951	0.0304	pay 0.0038% / 1h	56m 35s	$81K	$56K	50x
Short	Reya JUPRUSDPERP	0.2942	0.0057	get 0.0007% / 1h	56m 35s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Coinbase International. 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 Coinbase InternationalbpFee ReyabpOrdersPrice spread, now −0.303%Rate

Funding earned: −$51.93
Price spread: −0.303% → 0.000%: −$30.26
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$98.19
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Coinbase International: no order-book sample; 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 Coinbase International no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Coinbase International and 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 exchanges

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
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2944	−0.225%	$16K	—	100x	as long as short
Pacifica JUP	−0.0134%	1h	0.2945	−0.178%	$281K	$129K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2944	−0.210%	$54K	$9K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2943	−0.244%	$18K	—	150x	as long as short
ApeX Omni JUPUSDT	+0.0056%	1h	0.2951	+0.010%	$163K	$234K	50x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2942	−0.303%	—	—	20x
01 Exchange JUPUSD	+0.0080%	1h	0.2944	−0.224%	$26K	$2K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2948	−0.105%	$760K	$948K	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2944	−0.223%	$9K	$9K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2944	−0.210%	$578K	$479K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2947	−0.132%	$17.9M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2945	−0.200%	$100K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2945	−0.182%	$16.2M	$36.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2943	−0.261%	$16.0M	$16.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2941	−0.329%	$4.0M	$9.7M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2943	−0.261%	$701K	$952K	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2946	−0.159%	$7.9M	$5.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2946	−0.159%	$4.0M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2946	−0.159%	$5.8M	$4.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2942	−0.295%	—	$21.4M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2944	−0.237%	$992K	$236K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2951	+0.004%	$714K	$320K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2954	+0.113%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2949	−0.044%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2943	−0.261%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2938	−0.430%	$111K	$57K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2944	−0.210%	$61K	−$0	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2941	−0.319%	$2.2M	$543K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2943	−0.278%	$40K	—	3x	as long as short
Phemex JUPUSDT	+0.0269%	4h	0.2949	−0.058%	$2.9M	$2.8M	50x	as long as short
Coinbase International JUP-PERP-INTXlong	+0.0304%	1h	0.2951	long leg	$81K	$56K	50x
Phoenix JUP	+0.0318%	1h	0.2959	+0.264%	$97K	$256K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2946	−0.159%	$823K	$363K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0527%	1h	0.2947	−0.126%	$579K	$391K	20x	as long as short
dYdX JUP-USD	+0.1431%	1h	0.2950	−0.007%	$39K	$10K	5x	as long as short
Injective JUP/USDC PERP	+0.4474%	1h	0.3020	+2.349%	$3K	$205K	5.5x	as long as short