Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0043%/8h= +4.7% APRnext payment +$0.05 per $10,000 · paid last 24h —

Price spread now: Polymarket Perps against Reya+0.137%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 Polymarket Perps

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.137% dearer against Reya than usual: you sell high and buy low: +$14 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	0.2953	0.0057	pay 0.0007% / 1h	44m 17s	—	—	20x
Short	Polymarket Perps JUP-USD	0.2957	0.0100	get 0.0013% / 1h	44m 17s	$94K	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now +0.137%Rate

Funding earned: $9.09
Price spread: +0.137% → 0.000%: $13.72
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $8.81
Costs to cover: 0.140%
Break-even: 0.2 days

Slippage unknown: Reya: no order-book sample; Polymarket Perps: 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 Polymarket Perps live order book, 22 min ago	2.99 bp	16.7 bp −$17	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	−0.4347%	1h	0.2904	−1.644%	$3K	$206K	5.5x	as long as short
Bybit JUPUSDT	−0.0449%	4h	0.2953	+0.015%	$15.9M	$20.6M	50x	as long as short
Pacifica JUP	−0.0353%	1h	0.2952	−0.034%	$281K	$149K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2955	+0.076%	$16K	—	100x	as long as short
OKX JUP-USDT-SWAP	−0.0089%	4h	0.2957	+0.151%	$4.1M	$14.9M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2956	+0.129%	$594K	$523K	20x	as long as short
Gate JUP_USDT	−0.0018%	4h	0.2950	−0.086%	$739K	$1.5M	75x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2953	+0.029%	$39K	$30K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2958	+0.185%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2956	+0.127%	—	—	150x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0008%	1h	0.2954	+0.056%	$26K	$19K	5x	as long as short
Variational Omni JUP	+0.0040%	4h	0.2951	−0.068%	$716K	$761K	—	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2953	long leg	—	—	20x
Paradex JUP-USD-PERP	+0.0085%	8h	0.2950	−0.092%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2955	+0.069%	$781K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2957	+0.151%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2954	+0.032%	$607K	$602K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2957	+0.157%	$18.9M	$11.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2953	+0.021%	$114K	$325K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2956	+0.117%	$16.3M	$47.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2955	+0.083%	$7.6M	$6.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2953	+0.015%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	+0.117%	$5.7M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2954	+0.049%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2951	−0.052%	$978K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2964	+0.388%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2962	+0.320%	$157K	$302K	50x	as long as short
Polymarket Perps JUP-USDshort	+0.0100%	1h	0.2957	+0.137%	$94K	$111K	10x
HTX JUP-USDT	+0.0100%	4h	0.2956	+0.117%	$111K	$55K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2962	+0.334%	$62K	$8K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2953	+0.015%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2955	+0.092%	$2.2M	$485K	25x	as long as short
Phoenix JUP	+0.0188%	1h	0.2960	+0.249%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2960	+0.246%	$74K	$56K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2964	+0.388%	$853K	$380K	50x	as long as short
Phemex JUPUSDT	+0.0456%	4h	0.2956	+0.117%	$2.9M	$3.6M	50x	as long as short