Funding arb · Price arb /

JUP

all JUP markets

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: Paradex against Reya−0.006%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 Paradex

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 · Paradex: 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: +$1 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	0.2924	0.0057	pay 0.0007% / 1h	2m 00s	—	—	20x
Short	Paradex JUP-USD-PERP	0.2924	0.0100	get 0.0100% / 8h	1h 02m	$9K	$11K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.006%Rate

Funding earned: $9.08
Price spread: −0.006% → 0.000%: −$0.63
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$1.54
Costs to cover: 0.100%
Break-even: 8.2 days

Slippage unknown: Reya: no order-book sample; Paradex: 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 Paradex no order-book sample	—	—	—	—	—

Reya and Paradex: 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	0.2904	−0.693%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2926	+0.050%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2924	+0.006%	$279K	$138K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2925	+0.038%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2926	+0.055%	—	—	150x	as long as short
dYdX JUP-USD	+0.0032%	1h	0.2928	+0.143%	$39K	$16K	5x	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2924	long leg	—	—	20x
Lighter JUP	+0.0096%	1h	0.2927	+0.090%	$757K	$1.0M	10x	as long as short
Paradex JUP-USD-PERPshort	+0.0100%	8h	0.2924	−0.006%	$9K	$11K	10x
Nado JUP-PERP	+0.0100%	1h	0.2924	+0.008%	$570K	$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	0.2927	+0.083%	$18.0M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2927	+0.108%	$106K	$280K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2926	+0.059%	$16.1M	$38.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2924	−0.009%	$15.8M	$17.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2927	+0.093%	$4.0M	$10.3M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2925	+0.025%	$698K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2926	+0.059%	$6.7M	$5.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2928	+0.127%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2926	+0.059%	$5.8M	$5.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2925	+0.025%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2925	+0.028%	$968K	$225K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2934	+0.332%	$711K	$531K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2934	+0.333%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2934	+0.333%	$162K	$254K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2929	+0.162%	$92K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2926	+0.059%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2919	−0.180%	$110K	$43K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2934	+0.350%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2924	−0.007%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0200%	1h	0.2925	+0.035%	$26K	$6K	5x	as long as short
Phoenix JUP	+0.0244%	1h	0.2933	+0.288%	$98K	$285K	10x	as long as short
Extended JUP-USD	+0.0304%	1h	0.2926	+0.057%	$2.2M	$572K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2940	+0.555%	$74K	$48K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2926	+0.059%	$821K	$372K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0376%	1h	0.2926	+0.053%	$577K	$418K	20x	as long as short
Phemex JUPUSDT	+0.0495%	4h	0.2929	+0.162%	$2.9M	$3.0M	50x	as long as short