Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0089%/8h= +9.7% APRnext payment +$0.11 per $10,000 · paid last 24h —

Price spread now: Reya against 01 Exchange−0.166%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on 01 Exchange Short on Reya

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. Reya is 0.166% cheaper against 01 Exchange than usual: you would sell low and buy high (spread −0.166% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 6.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	01 Exchange JUPUSD	0.2961	−0.0032	get 0.0004% / 1h	20m 54s	$26K	$19K	5x
Short	Reya JUPRUSDPERP	0.2956	0.0057	get 0.0007% / 1h	20m 54s	—	—	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against 01 Exchange. 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 01 ExchangebpFee ReyabpOrdersPrice spread, now −0.166%Rate

Funding earned: $18.63
Price spread: −0.166% → 0.000%: −$16.64
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: −$11.01
Costs to cover: 0.130%
Break-even: 11.1 days

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

01 Exchange and 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	−0.3508%	1h	0.2911	−1.699%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2959	−0.075%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2958	−0.101%	$282K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2959	−0.071%	$601K	$613K	20x	as long as short
01 Exchange JUPUSDlong	−0.0032%	1h	0.2961	long leg	$26K	$19K	5x
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2960	−0.051%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2959	−0.080%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0004%	4h	0.2959	−0.078%	$748K	$1.9M	75x	as long as short
Reya JUPRUSDPERPshort	+0.0057%	1h	0.2956	−0.166%	—	—	20x
Paradex JUP-USD-PERP	+0.0071%	8h	0.2958	−0.110%	$9K	$13K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JUPUSDT	+0.0081%	4h	0.2957	−0.138%	$16.2M	$23.4M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2961	−0.020%	$793K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2956	−0.162%	$612K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.091%	$19.1M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2960	−0.037%	$106K	$365K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2960	−0.047%	$16.3M	$54.9M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2958	−0.111%	$4.0M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	−0.078%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2962	+0.024%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2958	−0.111%	$5.6M	$8.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2959	−0.078%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2960	−0.044%	$980K	$255K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2948	−0.445%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2954	−0.252%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2953	−0.280%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USD	+0.0100%	1h	0.2964	+0.074%	$93K	$132K	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2958	−0.111%	$31K	$50K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2951	−0.348%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2963	+0.057%	$2.9M	$4.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2941	−0.670%	$57K	$3K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	−0.161%	$40K	—	3x	as long as short
Extended JUP-USD	+0.0120%	1h	0.2957	−0.139%	$2.2M	$504K	25x	as long as short
BloFin JUP-USDT	+0.0121%	4h	0.2959	−0.078%	$848K	$325K	50x	as long as short
dYdX JUP-USD	+0.0122%	1h	0.2959	−0.092%	$39K	$35K	5x	as long as short
Phoenix JUP	+0.0190%	1h	0.2960	−0.037%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2961	−0.010%	$74K	$93K	50x	as long as short