Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h —

Price spread now: Aster against Reya+0.045%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Aster

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 · Aster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Aster is 0.045% dearer against Reya than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JUPRUSDPERP	0.2967	0.0057	pay 0.0007% / 1h	31m 26s	—	—	20x
Short	Aster JUPUSDT	0.2968	0.0100	get 0.0050% / 4h	1h 31m	$114K	$298K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Reya. 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 ReyabpFee AsterbpOrdersPrice spread, now +0.045%Rate

Funding earned: $9.09
Price spread: +0.045% → 0.000%: $4.51
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$0.39
Costs to cover: 0.140%
Break-even: 7.3 days

Slippage unknown: Reya: no order-book sample; Aster: live order book, 31 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell Aster live order book, 31 min ago	1.70 bp	18.1 bp −$18	doesn't fit	doesn't fit	doesn't fit

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	0.2918	−1.651%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2968	+0.018%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2968	+0.018%	$283K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2966	−0.029%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2967	+0.005%	—	—	150x	as long as short
Bybit JUPUSDT	+0.0016%	4h	0.2966	−0.033%	$15.9M	$19.2M	50x	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2967	long leg	—	—	20x
OKX JUP-USDT-SWAP	+0.0061%	4h	0.2968	+0.035%	$4.1M	$12.6M	50x	as long as short
Backpack JUP_USDC_PERP	+0.0084%	1h	0.2966	−0.040%	$985K	$255K	10x	as long as short
dYdX JUP-USD	+0.0092%	1h	0.2969	+0.082%	$39K	$26K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2971	+0.139%	$785K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0097%	8h	0.2967	+0.001%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2968	+0.018%	$601K	$508K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2972	+0.156%	$18.9M	$9.9M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2968	+0.045%	$114K	$298K	10x
Binance JUPUSDT	+0.0100%	4h	0.2969	+0.068%	$16.4M	$43.2M	75x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2967	+0.001%	$740K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2969	+0.068%	$7.5M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2968	+0.035%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2969	+0.068%	$5.8M	$6.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2968	+0.035%	—	$20.8M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2965	−0.069%	$723K	$698K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2971	+0.137%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	−0.033%	$157K	$267K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2972	+0.156%	$94K	$106K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2968	+0.035%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2963	−0.134%	$112K	$48K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2973	+0.203%	$2.9M	$3.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	−0.060%	$62K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2968	+0.018%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0200%	1h	0.2967	+0.006%	$592K	$494K	20x	as long as short
01 Exchange JUPUSD	+0.0200%	1h	0.2972	+0.153%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2970	+0.102%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2972	+0.166%	$98K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2971	+0.136%	$843K	$370K	50x	as long as short
Extended JUP-USD	+0.0360%	1h	0.2966	−0.019%	$2.2M	$493K	25x	as long as short