Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0043%/8hpaid last 24h —

Price spread now: Reya against Binance−0.067%7-day average — · you buy dearer than you sell

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

Long on Binance 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 0.067% cheaper against Binance than usual: you would sell low and buy high (−$7 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	Binance JUPUSDT	0.2961	0.0100	pay 0.0050% / 4h	6m 28s	$16.5M	$56.4M	75x
Short	Reya JUPRUSDPERP	0.2959	0.0057	get 0.0007% / 1h	6m 28s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Binance. 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 BinancebpFee ReyabpOrdersPrice spread, now −0.067%Rate

Funding earned: −$9.09
Price spread: −0.067% → 0.000%: −$6.73
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$31.83
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 10 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 Binance live order book, 10 min ago	1.68 bp	12.4 bp −$12	32.0 bp −$320	253.6 bp −$25.4K	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	−0.2340%	1h	0.2939	−0.741%	$3K	$110K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0463% / S +0.0168%	1h	0.2965	+0.130%	$13K	—	100x	as long as short
Gate JUP_USDT	−0.0100%	4h	0.2961	+0.002%	$758K	$2.0M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2967	+0.194%	$45K	$383K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2964	+0.120%	$57K	$13K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2964	+0.097%	$17K	—	150x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2959	−0.067%	—	—	20x
dYdX JUP-USD	+0.0070%	1h	0.2963	+0.069%	$39K	$41K	5x	as long as short
BloFin JUP-USDT	+0.0088%	4h	0.2962	+0.036%	$879K	$274K	50x	as long as short
Paradex JUP-USD-PERP	+0.0095%	8h	0.2960	−0.026%	$9K	$15K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2965	+0.154%	$909K	$1.2M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0098%	4h	0.2963	+0.069%	$31K	$52K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2962	+0.019%	$597K	$659K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2965	+0.144%	$19.0M	$14.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	+0.030%	$107K	$368K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2962	+0.043%	$283K	$163K	10x	as long as short
Binance JUPUSDTlong	+0.0100%	4h	0.2961	long leg	$16.5M	$56.4M	75x
Bybit JUPUSDT	+0.0100%	4h	0.2960	−0.032%	$16.6M	$23.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2959	−0.066%	$4.1M	$16.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2965	+0.154%	$58K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2960	−0.032%	$8.3M	$8.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2963	+0.069%	$4.2M	$7.3M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2960	−0.032%	$5.7M	$8.8M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	−0.032%	—	$21.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2964	+0.107%	$980K	$267K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2963	+0.086%	$727K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2969	+0.285%	$1.6M	$4.3M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2968	+0.238%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	+0.113%	$93K	$143K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2954	−0.235%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2969	+0.272%	$2.9M	$4.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2964	+0.103%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0200%	1h	0.2963	+0.083%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2973	+0.410%	$74K	$94K	50x	as long as short
Extended JUP-USD	+0.0320%	1h	0.2959	−0.065%	$2.2M	$535K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0347%	1h	0.2964	+0.111%	$597K	$603K	20x	as long as short