Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0057%/8h= −6.2% APRnext payment −$0.07 per $10,000 · paid last 24h —

Price spread now: Deribit against Reya−0.008%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Deribit

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: −$2 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	0.2972	0.0057	pay 0.0007% / 1h	12m 58s	—	—	20x
Short	Deribit JUP_USDC-PERPETUAL	0.2972	0	get 0.0000% / 1h	12m 58s	$55K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$11.91
Price spread: −0.008% → 0.000%: −$0.8
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$25.7
Costs to cover: 0.130%
Break-even: never at this rate

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

Reya and Deribit: 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	0.2941	−1.034%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2972	+0.010%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2974	+0.086%	$283K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUALshort	0.0000%	1h	0.2972	−0.008%	$55K	$16K	10x
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2974	+0.068%	—	—	150x	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2972	long leg	—	—	20x
Bybit JUPUSDT	+0.0072%	4h	0.2968	−0.126%	$15.9M	$19.0M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2974	+0.083%	$785K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2974	+0.086%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2972	+0.017%	$601K	$503K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2973	+0.026%	$18.9M	$9.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2975	+0.119%	$115K	$290K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2969	−0.092%	$16.4M	$42.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2968	−0.126%	$4.1M	$12.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2977	+0.177%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2973	+0.042%	$743K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2970	−0.058%	$7.4M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2972	+0.009%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2971	−0.025%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2969	−0.092%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2970	−0.065%	$983K	$247K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2978	+0.225%	$727K	$694K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2981	+0.312%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2980	+0.278%	$158K	$266K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2976	+0.143%	$94K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2972	+0.009%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2965	−0.227%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2977	+0.177%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2969	−0.075%	$40K	—	3x	as long as short
dYdX JUP-USD	+0.0129%	1h	0.2976	+0.157%	$39K	$26K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0199%	1h	0.2971	−0.013%	$594K	$488K	20x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2975	+0.117%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2976	+0.143%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2986	+0.473%	$98K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2969	−0.092%	$644K	$387K	50x	as long as short
Extended JUP-USD	+0.0424%	1h	0.2968	−0.109%	$2.2M	$497K	25x	as long as short