Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0327%/8h= −35.8% APRnext payment −$0.41 per $10,000 · paid last 24h —

Price spread now: Reya against Extended+0.067%7-day average — · you sell dearer than you buy

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

Long on Extended 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 airdropExtended: Active · Reya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.067% dearer against Extended than usual: you sell high and buy low (spread +0.067% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended JUP-USD	0.2932	0.0384	pay 0.0048% / 1h	57m 20s	$2.2M	$490K	25x
Short	Reya JUPRUSDPERP	0.2934	0.0057	get 0.0007% / 1h	57m 20s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Extended. 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 ExtendedbpFee ReyabpOrdersPrice spread, now +0.067%Rate

Funding earned: −$68.73
Price spread: +0.067% → 0.000%: $6.69
Slippage, 4 orders: no order book: not counted
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Reya: 3 bp × 2 orders: −$6
Net: −$73.04
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Extended: live order book, 1 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 Extended live order book, 1 min ago	6.79 bp	12.5 bp −$12	doesn't fit	doesn't fit	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 35 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	0.2916	−0.548%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2936	+0.150%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2933	+0.047%	$279K	$147K	10x	as long as short
Bybit JUPUSDT	−0.0047%	4h	0.2933	+0.032%	$15.7M	$19.4M	50x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2935	+0.083%	$38K	$28K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2936	+0.147%	$54K	$16K	10x	as long as short
OKX JUP-USDT-SWAP	0.0000%	4h	0.2935	+0.100%	$4.0M	$12.7M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2936	+0.129%	—	—	150x	as long as short
Backpack JUP_USDC_PERP	+0.0021%	1h	0.2938	+0.202%	$975K	$237K	10x	as long as short
01 Exchange JUPUSD	+0.0032%	1h	0.2936	+0.127%	$26K	$19K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2934	+0.067%	—	—	20x
Variational Omni JUP	+0.0075%	4h	0.2942	+0.355%	$719K	$720K	—	as long as short
Paradex JUP-USD-PERP	+0.0095%	8h	0.2931	−0.023%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2937	+0.178%	$777K	$1.1M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2934	+0.083%	$593K	$510K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2938	+0.209%	$18.7M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2936	+0.134%	$113K	$309K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2936	+0.134%	$16.2M	$43.9M	75x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2933	+0.032%	$728K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2935	+0.100%	$7.4M	$6.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2935	+0.100%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2935	+0.100%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2935	+0.100%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2945	+0.442%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2944	+0.407%	$156K	$274K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2939	+0.250%	$93K	$108K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2936	+0.134%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2936	+0.134%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2943	+0.373%	$2.9M	$3.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2951	+0.646%	$61K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2937	+0.153%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2950	+0.618%	$97K	$328K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0201%	1h	0.2942	+0.328%	$587K	$498K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2943	+0.376%	$74K	$49K	50x	as long as short
Extended JUP-USDlong	+0.0384%	1h	0.2932	long leg	$2.2M	$490K	25x