Funding arb · Price arb /

JUP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0043%/8h= +4.7% APRpaid last 24h —

Price spread now: KuCoin against Reya+0.136%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 KuCoin

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 +$1 a day on $10k at the current rate, and KuCoin is 0.136% dearer against Reya than usual: you sell high and buy low: +$14 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	0.2933	0.0057	pay 0.0007% / 1h	14m 11s	—	—	20x
Short	KuCoin JUPUSDTM	0.2937	0.0100	get 0.0050% / 4h	1h 14m	$4.0M	$6.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.136%Rate

Funding earned: $9.09
Price spread: +0.136% → 0.000%: $13.61
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $4.7
Costs to cover: 0.180%
Break-even: 3.4 days

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 4 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 KuCoin live order book, 4 min ago	5.10 bp	29.4 bp −$29	110.6 bp −$1,106	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	0.2906	−0.921%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2935	+0.053%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2936	+0.109%	$280K	$140K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2934	+0.051%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2935	+0.057%	—	—	150x	as long as short
dYdX JUP-USD	+0.0040%	1h	0.2935	+0.082%	$39K	$17K	5x	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2933	long leg	—	—	20x
Lighter JUP	+0.0096%	1h	0.2937	+0.119%	$760K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2936	+0.098%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2935	+0.085%	$573K	$490K	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	0.2936	+0.088%	$18.1M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2935	+0.067%	$106K	$280K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2934	+0.034%	$16.1M	$39.1M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2933	0.000%	$15.9M	$17.5M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2935	+0.068%	$4.0M	$10.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2937	+0.125%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2934	+0.034%	$701K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2934	+0.034%	$6.7M	$5.6M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2937	+0.136%	$4.0M	$6.7M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2936	+0.102%	$5.8M	$5.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2934	+0.034%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2934	+0.037%	$971K	$227K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2933	+0.016%	$711K	$531K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2942	+0.307%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2938	+0.170%	$162K	$255K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2936	+0.102%	$93K	$104K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2935	+0.068%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2928	−0.171%	$110K	$43K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2933	0.000%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0200%	1h	0.2938	+0.170%	$26K	$6K	5x	as long as short
Phoenix JUP	+0.0244%	1h	0.2943	+0.334%	$98K	$285K	10x	as long as short
Extended JUP-USD	+0.0288%	1h	0.2933	−0.012%	$2.2M	$572K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2940	+0.255%	$74K	$48K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2937	+0.136%	$818K	$374K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0375%	1h	0.2936	+0.092%	$579K	$418K	20x	as long as short
Phemex JUPUSDT	+0.0556%	4h	0.2938	+0.170%	$2.9M	$3.0M	50x	as long as short