Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0111%/8h= +12.2% APRnext payment +$0.14 per $10,000 · paid last 24h —

Price spread now: 01 Exchange against Reya+0.174%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 01 Exchange

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 +$3 a day on $10k at the current rate, and 01 Exchange is 0.174% dearer against Reya than usual: you sell high and buy low: +$17 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	0.2936	0.0057	pay 0.0007% / 1h	19m 50s	—	—	20x
Short	01 Exchange JUPUSD	0.2942	0.0168	get 0.0021% / 1h	19m 50s	$26K	$17K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

01 Exchange 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 01 ExchangebpOrdersPrice spread, now +0.174%Rate

Funding earned: $23.37
Price spread: +0.174% → 0.000%: $17.42
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Net: $27.79
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—

Reya and 01 Exchange: 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	−0.4661%	1h	0.2907	−1.004%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2939	+0.069%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2940	+0.129%	$280K	$146K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2938	+0.065%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2939	+0.093%	—	—	150x	as long as short
dYdX JUP-USD	+0.0011%	1h	0.2945	+0.306%	$38K	$25K	5x	as long as short
Reya JUPRUSDPERPlong	+0.0057%	1h	0.2936	long leg	—	—	20x
Lighter JUP	+0.0096%	1h	0.2941	+0.161%	$777K	$1.0M	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2940	+0.131%	$589K	$470K	20x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2940	+0.134%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2936	−0.008%	$592K	$492K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2940	+0.132%	$18.5M	$9.4M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2940	+0.120%	$110K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2937	+0.021%	$16.2M	$41.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2934	−0.078%	$15.8M	$18.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2937	+0.018%	$4.0M	$11.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2944	+0.256%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2940	+0.120%	$725K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2937	+0.018%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2939	+0.086%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2937	+0.018%	$5.7M	$5.6M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2937	+0.018%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2937	+0.028%	$970K	$237K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2939	+0.084%	$718K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2945	+0.290%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2950	+0.460%	$157K	$253K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2941	+0.144%	$93K	$105K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2938	+0.052%	$30K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2934	−0.085%	$110K	$46K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2945	+0.290%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2936	−0.017%	$40K	—	3x	as long as short
01 Exchange JUPUSDshort	+0.0168%	1h	0.2942	+0.174%	$26K	$17K	5x
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2954	+0.603%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2948	+0.375%	$97K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2940	+0.120%	$834K	$383K	50x	as long as short
Extended JUP-USD	+0.0432%	1h	0.2936	−0.009%	$2.2M	$502K	25x	as long as short