Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0024%/8h= +2.6% APRnext payment +$0.03 per $10,000 · paid last 24h —

Price spread now: Reya against dYdX−0.112%7-day average — · you buy dearer than you sell

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

Long on dYdX 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

Funding pays, the price is against you. Reya is 0.112% cheaper against dYdX than usual: you would sell low and buy high (spread −0.112% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 16 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX JUP-USD	0.3013	0.0033	pay 0.0004% / 1h	27m 18s	$39K	$32K	5x
Short	Reya JUPRUSDPERP	0.3010	0.0057	get 0.0007% / 1h	27m 18s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against dYdX. 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 dYdXbpFee ReyabpOrdersPrice spread, now −0.112%Rate

Funding earned: $4.96
Price spread: −0.112% → 0.000%: −$11.24
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$22.28
Costs to cover: 0.160%
Break-even: 38.4 days

Slippage unknown: dYdX: 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 dYdX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

dYdX 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 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	−0.4634%	1h	0.2970	−1.441%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3009	−0.138%	$287K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3013	−0.017%	$17K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0148%	1h	0.3012	−0.044%	$55K	$16K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0100%	1h	0.3011	−0.082%	$606K	$537K	20x	as long as short
OKX JUP-USDT-SWAP	−0.0014%	4h	0.3011	−0.081%	$4.1M	$16.1M	50x	as long as short
01 Exchange JUPUSD	−0.0008%	1h	0.3013	−0.031%	$27K	$19K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3013	−0.016%	$1K	—	150x	as long as short
dYdX JUP-USDlong	+0.0033%	1h	0.3013	long leg	$39K	$32K	5x
Reya JUPRUSDPERPshort	+0.0057%	1h	0.3010	−0.112%	—	—	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin JUP-USDT	+0.0066%	4h	0.3013	−0.014%	$853K	$321K	50x	as long as short
Paradex JUP-USD-PERP	+0.0083%	8h	0.3009	−0.162%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3012	−0.061%	$755K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3013	−0.014%	$32K	$46K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3008	−0.180%	$624K	$630K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3015	+0.062%	$19.4M	$12.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3014	+0.013%	$116K	$334K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3010	−0.114%	$16.6M	$50.1M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3010	−0.097%	$16.6M	$21.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3007	−0.206%	$63K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3012	−0.047%	$751K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3010	−0.114%	$8.0M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3013	−0.014%	$4.1M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3011	−0.081%	$5.9M	$7.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3012	−0.047%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3018	+0.145%	$999K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3002	−0.378%	$727K	$776K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3006	−0.247%	$1.7M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3005	−0.280%	$160K	$310K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3015	+0.065%	$95K	$115K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3004	−0.313%	$113K	$56K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3018	+0.152%	$3.0M	$3.8M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3009	−0.160%	$2.2M	$493K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3012	−0.063%	$41K	—	3x	as long as short
Phoenix JUP	+0.0214%	1h	0.3009	−0.150%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3017	+0.115%	$75K	$89K	50x	as long as short