Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0043%/8h= −4.7% APRnext payment −$0.05 per $10,000 · paid last 24h —

Price spread now: Reya against Hyperliquid−0.016%7-day average — · you buy dearer than you sell

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

Long on Hyperliquid 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 airdropHyperliquid: Season 2 · Reya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid JUP	0.2960	0.0100	pay 0.0013% / 1h	54m 50s	$18.6M	$9.2M	10x
Short	Reya JUPRUSDPERP	0.2960	0.0057	get 0.0007% / 1h	54m 50s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Hyperliquid. 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 HyperliquidbpFee ReyabpOrdersPrice spread, now −0.016%Rate

Funding earned: −$9.09
Price spread: −0.016% → 0.000%: −$1.62
Slippage, 4 orders: no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Reya: 3 bp × 2 orders: −$6
Net: −$25.72
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Hyperliquid: live order book, 8 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 Hyperliquid live order book, 8 min ago	1.01 bp	10.5 bp −$10	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 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	0.2921	−1.318%	$3K	$206K	5.5x	as long as short
Backpack JUP_USDC_PERP	−0.0304%	1h	0.2963	+0.098%	$979K	$233K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2961	+0.039%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2952	−0.270%	$281K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2952	−0.254%	$39K	$22K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2961	+0.047%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2961	+0.026%	—	—	150x	as long as short
01 Exchange JUPUSD	+0.0040%	1h	0.2960	−0.003%	$26K	$17K	5x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2960	−0.016%	—	—	20x
Lighter JUP	+0.0096%	1h	0.2964	+0.128%	$783K	$1.0M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0099%	8h	0.2950	−0.343%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2959	−0.017%	$602K	$485K	10x	as long as short
Hyperliquid JUPlong	+0.0100%	1h	0.2960	long leg	$18.6M	$9.2M	10x
Aster JUPUSDT	+0.0100%	4h	0.2962	+0.071%	$110K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2958	−0.062%	$16.2M	$40.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2956	−0.145%	$15.9M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2958	−0.068%	$4.0M	$11.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2949	−0.382%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2961	+0.034%	$735K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2958	−0.068%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2962	+0.068%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2960	0.000%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2957	−0.101%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2947	−0.440%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	−0.296%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2948	−0.405%	$156K	$251K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2962	+0.074%	$94K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	+0.034%	$31K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2953	−0.236%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2963	+0.101%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2962	+0.053%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2962	+0.075%	$594K	$468K	20x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2956	−0.129%	$2.2M	$494K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2970	+0.341%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2955	−0.159%	$97K	$283K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2961	+0.034%	$838K	$376K	50x	as long as short