Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0319%/8h= +34.9% APRnext payment +$0.40 per $10,000 · paid last 24h —

Price spread now: Kraken Futures against Reya+0.085%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 Kraken Futures

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

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Kraken Futures is 0.085% dearer against Reya than usual: you sell high and buy low: +$9 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	0.2929	0.0057	pay 0.0007% / 1h	48m 17s	—	—	20x
Short	Kraken Futures PF_JUPUSD	0.2932	0.0375	get 0.0047% / 1h	48m 17s	$578K	$463K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.085%Rate

Funding earned: $66.9
Price spread: +0.085% → 0.000%: $8.54
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $59.43
Costs to cover: 0.160%
Break-even: 0.8 days

Slippage unknown: Reya: no order-book sample; Kraken Futures: live order book, 60 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 Kraken Futures live order book, 60 min ago	20.33 bp	27.7 bp −$28	108.2 bp −$1,082	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	0.2900	−0.991%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2930	+0.031%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2932	+0.109%	$279K	$142K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2931	+0.064%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2931	+0.070%	—	—	150x	as long as short
dYdX JUP-USD	+0.0020%	1h	0.2936	+0.252%	$39K	$19K	5x	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2929	long leg	—	—	20x
Lighter JUP	+0.0096%	1h	0.2933	+0.125%	$760K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2932	+0.093%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2931	+0.058%	$575K	$492K	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	0.2932	+0.108%	$18.1M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2933	+0.129%	$107K	$282K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2929	+0.014%	$16.1M	$39.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2928	−0.035%	$15.9M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2929	−0.001%	$4.0M	$10.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2934	+0.169%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2931	+0.067%	$704K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2930	+0.033%	$6.7M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2933	+0.135%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2932	+0.101%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2930	+0.033%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2934	+0.173%	$971K	$232K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2932	+0.102%	$711K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2935	+0.204%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2935	+0.204%	$162K	$256K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2934	+0.173%	$92K	$103K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2931	+0.067%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2925	−0.138%	$110K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2928	−0.018%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2932	+0.084%	$26K	$8K	5x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2929	−0.011%	$2.2M	$570K	25x	as long as short
Phoenix JUP	+0.0244%	1h	0.2936	+0.231%	$98K	$285K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2940	+0.391%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2933	+0.135%	$829K	$378K	50x	as long as short
Kraken Futures PF_JUPUSDshort	+0.0375%	1h	0.2932	+0.085%	$578K	$463K	20x
Phemex JUPUSDT	+0.0560%	4h	0.2934	+0.169%	$2.9M	$3.0M	50x	as long as short