Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0151%/8h= +16.6% APRnext payment +$0.19 per $10,000 · paid last 24h —

Price spread now: Extended against Reya+0.077%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 Extended

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 · Extended: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Extended is 0.077% dearer against Reya than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JUPRUSDPERP	0.2957	0.0057	pay 0.0007% / 1h	10m 48s	—	—	20x
Short	Extended JUP-USD	0.2960	0.0208	get 0.0026% / 1h	10m 48s	$2.2M	$539K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Reya. 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 ReyabpFee ExtendedbpOrdersPrice spread, now +0.077%Rate

Funding earned: $31.77
Price spread: +0.077% → 0.000%: $7.7
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Extended: 2.5 bp × 2 orders: −$5
Net: $28.48
Costs to cover: 0.110%
Break-even: 0.7 days

Slippage unknown: Reya: no order-book sample; Extended: live order book, 3 min ago. 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 Extended live order book, 3 min ago	5.04 bp	10.7 bp −$11	doesn't fit	doesn't fit	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	0.2934	−0.790%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0892% / S +0.0333%	1h	0.2960	+0.101%	$13K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0358%	1h	0.2960	+0.076%	$56K	$14K	10x	as long as short
Bybit JUPUSDT	−0.0129%	4h	0.2958	+0.022%	$16.2M	$24.0M	50x	as long as short
Gate JUP_USDT	−0.0020%	4h	0.2957	−0.012%	$735K	$2.0M	75x	as long as short
Phoenix JUP	0.0000%	1h	0.2977	+0.647%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2961	+0.112%	$17K	—	150x	as long as short
01 Exchange JUPUSD	+0.0008%	1h	0.2957	−0.019%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2960	+0.086%	$600K	$624K	20x	as long as short
dYdX JUP-USD	+0.0024%	1h	0.2961	+0.115%	$39K	$36K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2957	long leg	—	—	20x
Paradex JUP-USD-PERP	+0.0086%	8h	0.2961	+0.135%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2964	+0.241%	$837K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2956	−0.054%	$596K	$668K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2966	+0.289%	$19.0M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2962	+0.163%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2962	+0.145%	$282K	$181K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2961	+0.129%	$16.4M	$56.2M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2962	+0.157%	$4.1M	$16.7M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2962	+0.157%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	+0.123%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2960	+0.089%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2960	+0.089%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2960	+0.089%	$980K	$266K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2971	+0.474%	$727K	$1.2M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2961	+0.123%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2972	+0.495%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2965	+0.255%	$93K	$139K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2960	+0.089%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	−0.215%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2965	+0.258%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.005%	$57K	$3K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2956	−0.054%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0118%	4h	0.2956	−0.046%	$856K	$332K	50x	as long as short
Extended JUP-USDshort	+0.0208%	1h	0.2960	+0.077%	$2.2M	$539K	25x
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+1.087%	$74K	$95K	50x	as long as short