Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0327%/8h= +35.8% APRnext payment +$0.41 per $10,000 · paid last 24h —

Price spread now: Extended against Reya−0.237%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 Extended

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 · Extended: Active · farm boardneeds both histories

Funding pays, the price is against you. Extended is 0.237% cheaper against Reya than usual: you would sell low and buy high (spread −0.237% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$24 on $10k: about 2.4 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JUPRUSDPERP	0.2940	0.0057	pay 0.0007% / 1h	57m 55s	—	—	20x
Short	Extended JUP-USD	0.2933	0.0384	get 0.0048% / 1h	57m 55s	$2.2M	$490K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Reya. 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 ReyabpFee ExtendedbpOrdersPrice spread, now −0.237%Rate

Funding earned: $68.73
Price spread: −0.237% → 0.000%: −$23.71
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $34.03
Costs to cover: 0.110%
Break-even: 3.5 days

Slippage unknown: Reya: no order-book sample; Extended: live order book, 1 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 Extended live order book, 1 min ago	6.79 bp	12.5 bp −$13	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 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	−0.5000%	1h	0.2916	−0.809%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2940	+0.011%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2942	+0.088%	$280K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0090%	1h	0.2940	+0.004%	$54K	$16K	10x	as long as short
Bybit JUPUSDT	−0.0035%	4h	0.2932	−0.255%	$15.7M	$19.4M	50x	as long as short
OKX JUP-USDT-SWAP	−0.0004%	4h	0.2934	−0.197%	$4.0M	$12.7M	50x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2945	+0.161%	$38K	$28K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2940	+0.018%	—	—	150x	as long as short
Backpack JUP_USDC_PERP	+0.0021%	1h	0.2938	−0.061%	$975K	$237K	10x	as long as short
01 Exchange JUPUSD	+0.0040%	1h	0.2941	+0.045%	$26K	$19K	5x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2940	long leg	—	—	20x
Variational Omni JUP	+0.0075%	4h	0.2942	+0.092%	$719K	$720K	—	as long as short
Paradex JUP-USD-PERP	+0.0095%	8h	0.2941	+0.056%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2943	+0.119%	$778K	$1.1M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2942	+0.075%	$595K	$512K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2939	−0.010%	$18.7M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2938	−0.053%	$113K	$309K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2933	−0.226%	$16.2M	$44.1M	75x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2938	−0.061%	$729K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2934	−0.197%	$7.1M	$6.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2937	−0.095%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2936	−0.129%	$5.7M	$6.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2934	−0.197%	—	$20.8M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	+0.381%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2946	+0.211%	$157K	$275K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2945	+0.194%	$93K	$108K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2940	+0.007%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2936	−0.129%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2943	+0.109%	$2.9M	$3.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2951	+0.382%	$61K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2941	+0.043%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2950	+0.354%	$97K	$328K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0201%	1h	0.2942	+0.065%	$587K	$498K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2943	+0.113%	$74K	$49K	50x	as long as short
Extended JUP-USDshort	+0.0384%	1h	0.2933	−0.237%	$2.2M	$490K	25x