Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.00 per $10,000 · paid last 24h —

Price spread now: Reya against dYdX+0.089%46s7-day average — · you sell dearer than you buy

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

Long on dYdX 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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Reya is 0.089% dearer against dYdX than usual: you sell high and buy low, +$9 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX JUP-USD	0.2939	0.0056	pay 0.0007% / 1h	35m 37s	$39K	$16K	5x
Short	Reya JUPRUSDPERP	0.2942	0.0057	get 0.0007% / 1h	35m 37s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against dYdX. 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 dYdXbpFee ReyabpOrdersPrice spread, now +0.089%Rate

Funding earned: $0.22
Price spread: +0.089% → 0.000%: $8.93
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$6.85
Costs to cover: 0.160%
Break-even: 220.5 days

Slippage unknown: dYdX: no order-book sample; 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 dYdX no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

dYdX and 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	−0.3798%	1h	0.2898	−1.409%	$3K	$205K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2941	+0.056%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0128%	4h	0.2940	+0.017%	$16.0M	$17.1M	50x	as long as short
Pacifica JUP	−0.0070%	1h	0.2943	+0.117%	$281K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2944	+0.149%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2940	+0.026%	$16K	—	150x	as long as short
dYdX JUP-USDlong	+0.0056%	1h	0.2939	long leg	$39K	$16K	5x
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2942	+0.089%	—	—	20x
Lighter JUP	+0.0096%	1h	0.2946	+0.228%	$760K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2943	+0.109%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2940	+0.020%	$579K	$489K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2946	+0.234%	$18.2M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2943	+0.134%	$101K	$300K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2943	+0.122%	$16.1M	$38.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2941	+0.054%	$4.1M	$10.2M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2941	+0.054%	$698K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2943	+0.122%	$7.9M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2941	+0.054%	$4.0M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2943	+0.122%	$5.8M	$4.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2942	+0.088%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2943	+0.105%	$977K	$222K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2940	+0.003%	$715K	$527K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2946	+0.232%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2944	+0.156%	$162K	$250K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2942	+0.078%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2942	+0.088%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2941	+0.054%	$113K	$47K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2946	+0.215%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2941	+0.052%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0168%	1h	0.2942	+0.079%	$2.2M	$577K	25x	as long as short
01 Exchange JUPUSD	+0.0232%	1h	0.2944	+0.159%	$26K	$2K	5x	as long as short
Phemex JUPUSDT	+0.0255%	4h	0.2947	+0.258%	$2.9M	$2.9M	50x	as long as short
Phoenix JUP	+0.0272%	1h	0.2948	+0.285%	$107K	$275K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0278%	1h	0.2945	+0.179%	$581K	$416K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2957	+0.581%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2946	+0.224%	$820K	$377K	50x	as long as short