Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h —

Price spread now: BingX against Reya−0.030%7-day average — · you buy dearer than you sell

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

Long on Reya Short on BingX

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

Funding pays, the price is against you. BingX is 0.030% cheaper against Reya than usual: you would sell low and buy high (spread −0.030% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 2.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JUPRUSDPERP	0.2963	0.0057	pay 0.0007% / 1h	18m 21s	—	—	20x
Short	BingX JUP-USDT	0.2962	0.0100	get 0.0050% / 4h	2h 18m	—	$21.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.030%Rate

Funding earned: $9.09
Price spread: −0.030% → 0.000%: −$2.96
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$9.87
Costs to cover: 0.160%
Break-even: 14.6 days

Slippage unknown: Reya: no order-book sample; BingX: live order book, 13 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 BingX live order book, 13 min ago	3.37 bp	8.4 bp −$8	10.7 bp −$107	22.2 bp −$2,220	72.1 bp −$36.0K

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 exchanges

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	−0.3614%	1h	0.3020	+1.928%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2962	−0.025%	$16K	—	100x	as long as short
Pacifica JUP	−0.0028%	1h	0.2962	−0.042%	$282K	$130K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2962	−0.016%	$39K	$13K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2965	+0.065%	$55K	$9K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2962	−0.020%	$18K	—	150x	as long as short
ApeX Omni JUPUSDT	+0.0051%	1h	0.2964	+0.038%	$163K	$235K	50x	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2963	long leg	—	—	20x
Lighter JUP	+0.0096%	1h	0.2966	+0.109%	$762K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2961	−0.065%	$9K	$11K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2964	+0.046%	$576K	$478K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2969	+0.200%	$18.3M	$8.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2964	+0.038%	$101K	$293K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2964	+0.039%	$16.3M	$37.3M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2961	−0.063%	$16.1M	$16.6M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2965	+0.072%	$4.1M	$9.9M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2963	+0.004%	$708K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2964	+0.038%	$8.0M	$5.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2964	+0.038%	$4.0M	$6.9M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2967	+0.139%	$5.9M	$4.3M	75x	as long as short
BingX JUP-USDTshort	+0.0100%	4h	0.2962	−0.030%	—	$21.5M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2962	−0.036%	$982K	$231K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2963	0.000%	$717K	$462K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	−0.088%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2967	+0.139%	$94K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2965	+0.072%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2957	−0.198%	$112K	$50K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2964	+0.055%	$61K	$2K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2963	−0.001%	$2.2M	$548K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2964	+0.021%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0176%	1h	0.2966	+0.099%	$26K	$2K	5x	as long as short
Phemex JUPUSDT	+0.0204%	4h	0.2969	+0.207%	$2.9M	$2.8M	50x	as long as short
Phoenix JUP	+0.0318%	1h	0.2969	+0.210%	$98K	$265K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2962	−0.030%	$829K	$371K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0360%	1h	0.2972	+0.315%	$82K	$56K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0389%	1h	0.2968	+0.159%	$584K	$387K	20x	as long as short