Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h —

Price spread now: Bybit against Reya+0.008%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 Bybit

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JUPRUSDPERP	0.2967	0.0057	pay 0.0007% / 1h	53m 05s	—	—	20x
Short	Bybit JUPUSDT	0.2967	0.0100	get 0.0050% / 4h	3h 53m	$16.0M	$17.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.008%Rate

Funding earned: $9.09
Price spread: +0.008% → 0.000%: $0.78
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$7.12
Costs to cover: 0.170%
Break-even: 12.5 days

Slippage unknown: Reya: no order-book sample; Bybit: live order book, just now. 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 Bybit live order book, just now	3.37 bp	14.7 bp −$15	44.4 bp −$444	278.4 bp −$27.8K	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	−0.5000%	1h	0.2921	−1.543%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2972	+0.168%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2957	−0.325%	$282K	$146K	10x	as long as short
Backpack JUP_USDC_PERP	−0.0145%	1h	0.2973	+0.210%	$982K	$227K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2956	−0.347%	$39K	$22K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2972	+0.167%	—	—	150x	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2967	long leg	—	—	20x
01 Exchange JUPUSD	+0.0064%	1h	0.2960	−0.221%	$26K	$17K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0087%	1h	0.2972	+0.183%	$55K	$16K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2975	+0.267%	$786K	$1.0M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0099%	8h	0.2958	−0.279%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2966	−0.009%	$604K	$486K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2975	+0.267%	$18.7M	$9.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2971	+0.139%	$111K	$287K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2971	+0.139%	$16.3M	$40.3M	75x	as long as short
Bybit JUPUSDTshort	+0.0100%	4h	0.2967	+0.008%	$16.0M	$17.9M	50x
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2968	+0.042%	$4.1M	$11.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2960	−0.216%	$62K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2970	+0.109%	$738K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2972	+0.176%	$7.4M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2973	+0.210%	$4.1M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2971	+0.143%	$5.8M	$5.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2971	+0.143%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2947	−0.667%	$719K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	−0.523%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2958	−0.296%	$157K	$251K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2965	−0.049%	$94K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2972	+0.176%	$31K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2959	−0.262%	$111K	$45K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2975	+0.277%	$2.9M	$3.1M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2973	+0.195%	$41K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0176%	1h	0.2974	+0.244%	$596K	$467K	20x	as long as short
Extended JUP-USD	+0.0192%	1h	0.2968	+0.056%	$2.2M	$495K	25x	as long as short
Phoenix JUP	+0.0216%	1h	0.2962	−0.167%	$97K	$283K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2964	−0.097%	$75K	$50K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2969	+0.075%	$838K	$377K	50x	as long as short