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: Reya against ApeX Omni−0.420%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on ApeX Omni Short on Reya

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Reya is 0.420% cheaper against ApeX Omni than usual: you would sell low and buy high (−$42 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni JUPUSDT	0.2962	0.0100	pay 0.0013% / 1h	45m 14s	$157K	$302K	50x
Short	Reya JUPRUSDPERP	0.2950	0.0057	get 0.0007% / 1h	45m 14s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against ApeX Omni. 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 ApeX OmnibpFee ReyabpOrdersPrice spread, now −0.420%Rate

Funding earned: −$9.09
Price spread: −0.420% → 0.000%: −$42.03
Slippage, 4 orders: no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$67.13
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: ApeX Omni: live order book, 22 min ago; Reya: 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 ApeX Omni live order book, 22 min ago	9.98 bp	17.6 bp −$18	105.4 bp −$1,054	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	−1.958%	$3K	$206K	5.5x	as long as short
Bybit JUPUSDT	−0.0427%	4h	0.2948	−0.473%	$15.8M	$20.6M	50x	as long as short
Pacifica JUP	−0.0353%	1h	0.2955	−0.247%	$282K	$149K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2951	−0.368%	$16K	—	100x	as long as short
OKX JUP-USDT-SWAP	−0.0093%	4h	0.2950	−0.405%	$4.0M	$14.9M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2953	−0.314%	$593K	$523K	20x	as long as short
Gate JUP_USDT	−0.0014%	4h	0.2948	−0.473%	$739K	$1.5M	75x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2957	−0.184%	$39K	$30K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2952	−0.344%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2952	−0.347%	—	—	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	0.2956	−0.203%	$26K	$19K	5x	as long as short
Variational Omni JUP	+0.0040%	4h	0.2951	−0.387%	$716K	$761K	—	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2950	−0.420%	—	—	20x
Paradex JUP-USD-PERP	+0.0084%	8h	0.2954	−0.260%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2954	−0.267%	$781K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2952	−0.338%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2951	−0.380%	$606K	$602K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2954	−0.270%	$18.8M	$11.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2955	−0.240%	$114K	$325K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2951	−0.371%	$16.3M	$47.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2952	−0.338%	$7.5M	$6.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2954	−0.270%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2951	−0.371%	$5.7M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2949	−0.439%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2956	−0.213%	$979K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2964	+0.068%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2962	long leg	$157K	$302K	50x
Polymarket Perps JUP-USD	+0.0100%	1h	0.2957	−0.179%	$93K	$110K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2956	−0.203%	$111K	$55K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2962	+0.014%	$62K	$8K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2950	−0.414%	$2.2M	$485K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2948	−0.474%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2960	−0.071%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2960	−0.074%	$74K	$56K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2964	+0.068%	$853K	$380K	50x	as long as short
Phemex JUPUSDT	+0.0456%	4h	0.2956	−0.203%	$2.9M	$3.6M	50x	as long as short