Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Reya against Nado+0.002%7-day average — · you sell dearer than you buy

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

Long on Nado 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 airdropNado: Active · 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	Nado JUP-PERP	0.2974	0.0100	pay 0.0012% / 1h	19m 06s	$616K	$654K	10x
Short	Reya JUPRUSDPERP	0.2975	0.0057	get 0.0007% / 1h	19m 06s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Nado. 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 NadobpFee ReyabpOrdersPrice spread, now +0.002%Rate

Funding earned: −$9.09
Price spread: +0.002% → 0.000%: $0.23
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: −$21.86
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Nado: live order book, 59 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 Nado live order book, 59 min ago	1.01 bp	9.2 bp −$9	42.4 bp −$424	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	−0.4371%	1h	0.2938	−1.227%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2977	+0.092%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2977	+0.090%	$600K	$597K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2974	−0.017%	$283K	$165K	10x	as long as short
Bybit JUPUSDT	−0.0052%	4h	0.2972	−0.071%	$16.2M	$22.3M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0019%	1h	0.2977	+0.084%	$56K	$14K	10x	as long as short
01 Exchange JUPUSD	0.0000%	1h	0.2980	+0.171%	$26K	$19K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2977	+0.095%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0056%	4h	0.2974	−0.017%	$741K	$1.8M	75x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2975	+0.002%	—	—	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0068%	4h	0.2976	+0.054%	$720K	$829K	—	as long as short
dYdX JUP-USD	+0.0068%	1h	0.2975	+0.002%	$39K	$33K	5x	as long as short
BloFin JUP-USDT	+0.0071%	4h	0.2974	−0.017%	$851K	$320K	50x	as long as short
Paradex JUP-USD-PERP	+0.0084%	8h	0.2973	−0.049%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2977	+0.077%	$795K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2977	+0.084%	$31K	$48K	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2974	long leg	$616K	$654K	10x
Aster JUPUSDT	+0.0100%	4h	0.2977	+0.095%	$115K	$361K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2976	+0.050%	$16.4M	$52.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2972	−0.084%	$4.1M	$16.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2975	+0.020%	$62K	$10K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2976	+0.050%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2977	+0.084%	$4.2M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2976	+0.050%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2974	−0.017%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2976	+0.047%	$985K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2971	−0.105%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2971	−0.118%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2982	+0.242%	$94K	$123K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2969	−0.185%	$111K	$62K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2981	+0.219%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2974	−0.017%	$41K	—	3x	as long as short
Hyperliquid JUP	+0.0110%	1h	0.2979	+0.145%	$19.1M	$13.1M	10x	as long as short
Phoenix JUP	+0.0162%	1h	0.2984	+0.319%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2974	−0.019%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	+0.118%	$74K	$91K	50x	as long as short