Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0039%/8h= +4.3% APRnext payment +$0.05 per $10,000 · paid last 24h —

Price spread now: Lighter against Reya+0.068%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 Lighter

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 · Lighter: Season 3 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Lighter is 0.068% dearer against Reya than usual: you sell high and buy low: +$7 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	0.3009	0.0057	pay 0.0007% / 1h	28m 28s	—	—	20x
Short	Lighter JUP	0.3011	0.0096	get 0.0012% / 1h	28m 28s	$755K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter 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 LighterbpOrdersPrice spread, now +0.068%Rate

Funding earned: $8.25
Price spread: +0.068% → 0.000%: $6.84
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $9.1
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Lighter: live order book, 3 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 Lighter live order book, 3 min ago	3.33 bp	8.5 bp −$9	56.4 bp −$564	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	0.2970	−1.297%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3009	+0.005%	$287K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3007	−0.077%	$17K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.3006	−0.097%	$605K	$537K	20x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0016%	1h	0.3006	−0.084%	$55K	$16K	10x	as long as short
OKX JUP-USDT-SWAP	−0.0010%	4h	0.3006	−0.101%	$4.1M	$16.1M	50x	as long as short
01 Exchange JUPUSD	0.0000%	1h	0.3006	−0.088%	$27K	$19K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3007	−0.071%	$1K	—	150x	as long as short
dYdX JUP-USD	+0.0034%	1h	0.3007	−0.053%	$39K	$32K	5x	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.3009	long leg	—	—	20x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0083%	8h	0.3010	+0.046%	$9K	$13K	10x	as long as short
Lighter JUPshort	+0.0096%	1h	0.3011	+0.068%	$755K	$1.3M	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3006	−0.101%	$31K	$46K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3008	−0.051%	$624K	$631K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3013	+0.132%	$19.3M	$12.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3010	+0.028%	$116K	$334K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3010	+0.024%	$16.6M	$50.1M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3008	−0.035%	$16.4M	$21.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3007	−0.060%	$63K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3009	−0.001%	$751K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3008	−0.035%	$8.0M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3009	−0.001%	$4.1M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3013	+0.132%	$5.9M	$7.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3009	−0.001%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3006	−0.101%	$995K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3002	−0.233%	$727K	$776K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3006	−0.101%	$1.7M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2999	−0.334%	$159K	$310K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.3013	+0.125%	$95K	$115K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2998	−0.367%	$113K	$56K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3009	−0.001%	$2.9M	$3.8M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.3009	+0.002%	$2.2M	$493K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3007	−0.066%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0137%	4h	0.3002	−0.234%	$851K	$315K	50x	as long as short
Phoenix JUP	+0.0214%	1h	0.3009	−0.005%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3008	−0.035%	$75K	$89K	50x	as long as short