Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h —

Price spread now: Reya against Gate+0.087%7-day average — · you sell dearer than you buy

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

Long on Gate 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 pays, funding is against you. Reya is 0.087% dearer against Gate than usual: you sell high and buy low (spread +0.087% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JUP_USDT	0.2915	0.0100	pay 0.0050% / 4h	1h 31m	$696K	$1.4M	75x
Short	Reya JUPRUSDPERP	0.2918	0.0057	get 0.0007% / 1h	31m 05s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Gate. 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 GatebpFee ReyabpOrdersPrice spread, now +0.087%Rate

Funding earned: −$9.09
Price spread: +0.087% → 0.000%: $8.72
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Reya: 3 bp × 2 orders: −$6
Net: −$21.38
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Gate: 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 Gate live order book, 1 min ago	3.43 bp	22.7 bp −$23	88.3 bp −$883	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 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	0.2885	−1.029%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2917	+0.084%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2917	+0.052%	$278K	$140K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2917	+0.062%	—	—	150x	as long as short
dYdX JUP-USD	+0.0015%	1h	0.2918	+0.119%	$39K	$18K	5x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2918	+0.087%	—	—	20x
Deribit JUP_USDC-PERPETUAL	+0.0058%	1h	0.2918	+0.113%	$52K	$17K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2920	+0.165%	$757K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2917	+0.052%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2918	+0.103%	$572K	$492K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2920	+0.158%	$18.0M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2917	+0.054%	$105K	$281K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2917	+0.081%	$16.0M	$39.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2915	0.000%	$15.8M	$17.6M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2917	+0.069%	$4.0M	$10.5M	50x	as long as short
Gate JUP_USDTlong	+0.0100%	4h	0.2915	long leg	$696K	$1.4M	75x
MEXC JUP_USDT	+0.0100%	4h	0.2917	+0.069%	$6.7M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2918	+0.103%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2918	+0.103%	$5.7M	$5.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2916	+0.034%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2918	+0.110%	$966K	$229K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2917	+0.068%	$708K	$624K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2920	+0.159%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2918	+0.103%	$161K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2920	+0.185%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2918	+0.103%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2910	−0.172%	$109K	$42K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2918	+0.103%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2916	+0.039%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0152%	1h	0.2920	+0.168%	$26K	$6K	5x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2916	+0.045%	$2.2M	$571K	25x	as long as short
Phoenix JUP	+0.0244%	1h	0.2922	+0.223%	$97K	$285K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2940	+0.875%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2917	+0.069%	$822K	$376K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0377%	1h	0.2918	+0.114%	$576K	$417K	20x	as long as short
Phemex JUPUSDT	+0.0552%	4h	0.2922	+0.240%	$2.9M	$3.0M	50x	as long as short