Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC−0.0043%/8h= −4.7% APRpaid last 24h —

Price spread now: Reya against BingX−0.026%7-day average — · you buy dearer than you sell

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

Long on BingX 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 0.026% cheaper against BingX than usual: you would sell low and buy high (−$3 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	BingX JUP-USDT	0.2894	0.0100	pay 0.0050% / 4h	50m 56s	—	$10.5M	—
Short	Reya JUPRUSDPERP	0.2893	0.0057	get 0.0007% / 1h	50m 56s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against BingX. 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 BingXbpFee ReyabpOrdersPrice spread, now −0.026%Rate

Funding earned: −$9.09
Price spread: −0.026% → 0.000%: −$2.65
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$27.74
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: BingX: 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 BingX live order book, 10 min ago	3.45 bp	8.5 bp −$8	10.8 bp −$108	19.6 bp −$1,962	66.6 bp −$33.3K
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 exchanges

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
Pacifica JUP	−0.0298%	1h	0.2894	−0.012%	$276K	$132K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2895	+0.044%	$16K	—	100x	as long as short
01 Exchange JUPUSD	−0.0128%	1h	0.2894	−0.007%	$26K	$2K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2894	+0.014%	$54K	$8K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2895	+0.037%	$17K	—	150x	as long as short
Injective JUP/USDC PERP	+0.0033%	1h	0.3020	+4.354%	$3K	$205K	5.5x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2893	−0.026%	—	—	20x
BloFin JUP-USDT	+0.0081%	4h	0.2896	+0.069%	$798K	$368K	50x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2893	−0.028%	$9K	$9K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2897	+0.086%	$745K	$923K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2894	+0.017%	$437K	$628K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2898	+0.135%	$17.7M	$6.8M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2895	+0.035%	$100K	$254K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2894	0.000%	$15.7M	$34.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2893	−0.035%	$15.7M	$14.3M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2895	+0.035%	$4.0M	$9.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2896	+0.066%	$60K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2895	+0.035%	$701K	$1.0M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2894	0.000%	$8.0M	$5.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2896	+0.069%	$3.9M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2895	+0.035%	$5.7M	$3.8M	75x	as long as short
BingX JUP-USDTlong	+0.0100%	4h	0.2894	long leg	—	$10.5M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2896	+0.055%	$974K	$237K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2894	−0.009%	$696K	$248K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2897	+0.110%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2897	+0.104%	$158K	$223K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2898	+0.124%	$91K	$100K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2895	+0.035%	$33K	$27K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2887	−0.242%	$109K	$57K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2894	+0.001%	$2.1M	$578K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2893	−0.030%	$39K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0160%	1h	0.2910	+0.563%	$80K	$59K	50x	as long as short
Phemex JUPUSDT	+0.0237%	4h	0.2898	+0.138%	$2.9M	$2.7M	50x	as long as short
Phoenix JUP	+0.0276%	1h	0.2898	+0.138%	$97K	$254K	10x	as long as short
dYdX JUP-USD	+0.0409%	1h	0.2894	+0.008%	$38K	$10K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0574%	1h	0.2896	+0.068%	$575K	$391K	20x	as long as short