Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h —

Price spread now: HTX against Reya−0.172%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 HTX

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 pays, the price is against you. HTX is 0.172% cheaper against Reya than usual: you would sell low and buy high (spread −0.172% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 13 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya JUPRUSDPERP	0.2917	0.0057	pay 0.0007% / 1h	52m 22s	—	—	20x
Short	HTX JUP-USDT	0.2912	0.0100	get 0.0050% / 4h	52m 22s	$109K	$43K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.172%Rate

Funding earned: $9.09
Price spread: −0.172% → 0.000%: −$17.18
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$26.09
Costs to cover: 0.180%
Break-even: 27.1 days

Slippage unknown: Reya: no order-book sample; HTX: live order book, 49 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 HTX live order book, 49 min ago	11.96 bp	117.4 bp −$117	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	−0.3836%	1h	0.2889	−0.960%	$3K	$207K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2918	+0.033%	$16K	—	100x	as long as short
Pacifica JUP	−0.0058%	1h	0.2917	+0.010%	$278K	$138K	10x	as long as short
ApeX Omni JUPUSDT	−0.0014%	1h	0.2913	−0.138%	$161K	$254K	50x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2918	+0.048%	$39K	$16K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2918	+0.017%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2918	+0.044%	—	—	150x	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2917	long leg	—	—	20x
Backpack JUP_USDC_PERP	+0.0067%	1h	0.2917	−0.018%	$965K	$225K	10x	as long as short
01 Exchange JUPUSD	+0.0088%	1h	0.2918	+0.034%	$26K	$6K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter JUP	+0.0096%	1h	0.2921	+0.126%	$758K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2915	−0.071%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2918	+0.051%	$570K	$491K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2920	+0.110%	$18.0M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2919	+0.062%	$104K	$293K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2917	0.000%	$16.0M	$39.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2916	−0.035%	$15.8M	$17.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2919	+0.068%	$4.0M	$10.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2926	+0.308%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2916	−0.035%	$699K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2917	0.000%	$6.7M	$5.5M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2918	+0.034%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2918	+0.034%	$5.8M	$5.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2917	0.000%	—	$20.5M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2910	−0.242%	$705K	$531K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2919	+0.081%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2923	+0.209%	$92K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2918	+0.034%	$33K	$29K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2912	−0.172%	$109K	$43K	20x
Aevo JUP-PERP	+0.0104%	1h	0.2917	−0.018%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0216%	1h	0.2916	−0.035%	$2.2M	$575K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2918	+0.027%	$74K	$48K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2916	−0.035%	$820K	$370K	50x	as long as short
Phoenix JUP	+0.0355%	1h	0.2922	+0.178%	$104K	$284K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0415%	1h	0.2918	+0.035%	$575K	$415K	20x	as long as short
Phemex JUPUSDT	+0.0469%	4h	0.2922	+0.171%	$2.9M	$3.0M	50x	as long as short