Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h —

Price spread now: Reya against HTX+0.137%7-day average — · you sell dearer than you buy

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

Long on HTX 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 0.137% dearer against HTX than usual: you sell high and buy low (spread +0.137% now, against zero (this spread has no 7-day history yet)): +$14 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JUP-USDT	0.2940	0.0100	pay 0.0050% / 4h	2h 01m	$111K	$47K	20x
Short	Reya JUPRUSDPERP	0.2944	0.0057	get 0.0007% / 1h	1m 10s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against HTX. 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 HTXbpFee ReyabpOrdersPrice spread, now +0.137%Rate

Funding earned: −$9.09
Price spread: +0.137% → 0.000%: $13.68
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$13.42
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: HTX: live order book, 65 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 HTX live order book, 65 min ago	11.66 bp	101.6 bp −$102	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	−0.4347%	1h	0.2917	−0.782%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2946	+0.208%	$281K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2946	+0.218%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0037%	4h	0.2944	+0.129%	$15.8M	$19.5M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2947	+0.249%	$589K	$503K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2946	+0.214%	$54K	$16K	10x	as long as short
OKX JUP-USDT-SWAP	0.0000%	4h	0.2944	+0.136%	$4.0M	$12.9M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2947	+0.238%	—	—	150x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2944	+0.137%	—	—	20x
dYdX JUP-USD	+0.0074%	1h	0.2949	+0.322%	$39K	$28K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0075%	4h	0.2942	+0.085%	$719K	$720K	—	as long as short
Paradex JUP-USD-PERP	+0.0094%	8h	0.2945	+0.165%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2949	+0.289%	$779K	$1.3M	10x	as long as short
Gate JUP_USDT	+0.0098%	4h	0.2947	+0.238%	$732K	$1.5M	75x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2944	+0.153%	$595K	$518K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2948	+0.272%	$18.7M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2948	+0.263%	$114K	$317K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2945	+0.156%	$16.2M	$44.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2946	+0.204%	$7.3M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2947	+0.238%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2946	+0.204%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2946	+0.204%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2946	+0.214%	$976K	$237K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.374%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2950	+0.340%	$157K	$275K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2950	+0.327%	$93K	$108K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2947	+0.238%	$31K	$43K	10x	as long as short
HTX JUP-USDTlong	+0.0100%	4h	0.2940	long leg	$111K	$47K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2951	+0.374%	$2.9M	$3.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2951	+0.374%	$61K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2945	+0.162%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2947	+0.231%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2950	+0.347%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2955	+0.514%	$74K	$50K	50x	as long as short
Extended JUP-USD	+0.0408%	1h	0.2945	+0.155%	$2.2M	$490K	25x	as long as short