Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h —

Price spread now: HTX against Reya−0.336%47s7-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 HTX

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. HTX is 0.336% cheaper against Reya than usual: you would sell low and buy high (spread −0.336% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$34 on $10k: about 26 days of funding at the current rate (+$1 a day). The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JUPRUSDPERP	0.2989	0.0057	pay 0.0007% / 1h	49m 20s	—	—	20x
Short	HTX JUP-USDT	0.2979	0.0100	get 0.0050% / 4h	3h 49m	$112K	$62K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.336%Rate

Funding earned: $9.09
Price spread: −0.336% → 0.000%: −$33.6
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$42.51
Costs to cover: 0.180%
Break-even: 39.7 days

Slippage unknown: Reya: no order-book sample; HTX: live order book, 22 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 HTX live order book, 22 min ago	18.55 bp	112.8 bp −$113	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	−0.4634%	1h	0.2959	−1.005%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.2990	+0.042%	$285K	$150K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2992	+0.096%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.2984	−0.178%	$601K	$546K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2983	−0.206%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2993	+0.130%	$17K	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0030%	4h	0.2989	−0.001%	$4.1M	$16.1M	50x	as long as short
Bybit JUPUSDT	+0.0038%	4h	0.2989	−0.001%	$16.3M	$21.6M	50x	as long as short
dYdX JUP-USD	+0.0049%	1h	0.2992	+0.083%	$39K	$32K	5x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2994	+0.176%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni JUP	+0.0057%	4h	0.2989	0.000%	$724K	$776K	—	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2989	long leg	—	—	20x
Paradex JUP-USD-PERP	+0.0085%	8h	0.2991	+0.066%	$9K	$13K	10x	as long as short
ApeX Omni JUPUSDT	+0.0095%	1h	0.2988	−0.035%	$159K	$319K	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2993	+0.119%	$789K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2984	−0.169%	$31K	$47K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2992	+0.082%	$621K	$642K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2995	+0.213%	$19.2M	$12.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2994	+0.153%	$116K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2991	+0.056%	$16.5M	$51.1M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2979	−0.336%	$62K	$9K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2990	+0.032%	$744K	$1.5M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2990	+0.032%	$8.1M	$7.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2993	+0.132%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2992	+0.099%	$5.8M	$7.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2991	+0.065%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2983	−0.192%	$987K	$232K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2992	+0.099%	$1.7M	$3.7M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2997	+0.259%	$95K	$119K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2979	−0.336%	$112K	$62K	20x
Aevo JUP-PERP	+0.0104%	1h	0.2980	−0.286%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0120%	1h	0.2991	+0.061%	$2.2M	$494K	25x	as long as short
BloFin JUP-USDT	+0.0126%	4h	0.2990	+0.032%	$844K	$310K	50x	as long as short
Phoenix JUP	+0.0214%	1h	0.2991	+0.065%	$97K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2996	+0.239%	$75K	$88K	50x	as long as short
Phemex JUPUSDT	+0.0453%	4h	0.2988	−0.035%	$2.9M	$3.8M	50x	as long as short