Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0630%/8h= −69.0% APRnext payment −$0.79 per $10,000 · paid last 24h —

Price spread now: GMX against Reya+0.059%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 GMX

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

The price spread pays, funding is against you. GMX is 0.059% dearer against Reya than usual: you sell high and buy low (spread +0.059% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 8 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JUPRUSDPERP	0.2941	0.0057	pay 0.0007% / 1h	41m 21s	—	—	20x
Short	GMX JUP/USD [WBTC.b-USDC]	0.2943	L −0.0210% / S +0.0573%	pay 0.0072% / 1h	41m 21s	$16K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX 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 GMXbpOrdersPrice spread, now +0.059%Rate

Funding earned: −$132.3
Price spread: +0.059% → 0.000%: $5.91
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee GMX: 6 bp × 2 orders: −$12
Net: −$144.39
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; GMX: 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 Reya no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Reya and GMX: 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	−0.4347%	1h	0.2904	−1.251%	$3K	$206K	5.5x	as long as short
Bybit JUPUSDT	−0.0519%	4h	0.2941	+0.007%	$15.8M	$20.6M	50x	as long as short
Pacifica JUP	−0.0353%	1h	0.2941	+0.007%	$280K	$149K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]short	L −0.0210% / S +0.0573%	1h	0.2943	+0.059%	$16K	—	100x
OKX JUP-USDT-SWAP	−0.0101%	4h	0.2942	+0.041%	$4.0M	$14.8M	50x	as long as short
Gate JUP_USDT	−0.0088%	4h	0.2940	−0.027%	$729K	$1.5M	75x	as long as short
Variational Omni JUP	−0.0025%	4h	0.2939	−0.060%	$713K	$761K	—	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2944	+0.107%	$592K	$523K	20x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2943	+0.060%	$38K	$30K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2942	+0.041%	$54K	$16K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2942	+0.055%	—	—	150x	as long as short
01 Exchange JUPUSD	+0.0024%	1h	0.2944	+0.119%	$26K	$19K	5x	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2941	long leg	—	—	20x
Paradex JUP-USD-PERP	+0.0086%	8h	0.2944	+0.105%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2942	+0.037%	$778K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2943	+0.075%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2942	+0.032%	$604K	$604K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2945	+0.153%	$18.8M	$11.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2943	+0.075%	$114K	$323K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2941	+0.007%	$16.2M	$47.2M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2943	+0.075%	$7.5M	$6.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2942	+0.041%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2941	+0.007%	$5.7M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2940	−0.027%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2943	+0.075%	$974K	$238K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2953	+0.415%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2954	+0.449%	$157K	$302K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2946	+0.177%	$93K	$111K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2938	−0.095%	$111K	$55K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2962	+0.735%	$62K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2939	−0.078%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0144%	1h	0.2940	−0.043%	$2.2M	$486K	25x	as long as short
Phoenix JUP	+0.0188%	1h	0.2956	+0.527%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2941	+0.020%	$74K	$55K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2964	+0.789%	$853K	$380K	50x	as long as short
Phemex JUPUSDT	+0.0464%	4h	0.2946	+0.177%	$2.9M	$3.6M	50x	as long as short