Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Polymarket Perps against ApeX Omni+0.020%63s7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$640.645% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.258%−$26 on $10k

Price spread, last 3 days (all we have)+0.253%+$25 · spread now +0.020%, 7d avg +0.067%

Together, before fees−0.005%$0 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.047% cheaper against ApeX Omni than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.067%. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni JUPUSDT	0.2988	0.0100	pay 0.0013% / 1h	31m 44s	$159K	$320K	50x
Short	Polymarket Perps JUP-USD	0.2989	0.0100	get 0.0013% / 1h	31m 44s	$94K	$128K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against ApeX Omni. 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 ApeX OmnibpFee Polymarket PerpsbpOrdersPrice spread, now +0.020%Rate

Funding earned: $0
Price spread: +0.020% → +0.067%: −$4.72
Slippage, 4 orders: −$46.46
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$69.18
Costs to cover: 0.645%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 46 min ago; Polymarket Perps: live order book, 45 min ago.

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 ApeX Omni live order book, 46 min ago	6.77 bp	17.0 bp −$17	113.0 bp −$1,130	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 45 min ago	3.04 bp	16.6 bp −$17	doesn't fit	doesn't fit	doesn't fit

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	−0.4371%	1h	0.2950	−1.272%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2985	−0.085%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0208%	1h	0.2987	−0.017%	$602K	$601K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2982	−0.195%	$284K	$168K	10x	as long as short
Bybit JUPUSDT	−0.0016%	4h	0.2980	−0.268%	$16.3M	$22.7M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2986	−0.080%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2986	−0.051%	$17K	—	150x	as long as short
01 Exchange JUPUSD	+0.0048%	1h	0.2985	−0.087%	$26K	$19K	5x	as long as short
Gate JUP_USDT	+0.0054%	4h	0.2980	−0.268%	$746K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2983	−0.179%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0073%	1h	0.2987	−0.046%	$39K	$34K	5x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2982	−0.214%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2985	−0.100%	$798K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2986	−0.067%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2983	−0.176%	$615K	$658K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2986	−0.074%	$116K	$363K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2982	−0.198%	$16.4M	$53.6M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2979	−0.301%	$4.1M	$16.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2985	−0.100%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2982	−0.201%	$8.2M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2985	−0.100%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2985	−0.100%	$5.8M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2981	−0.234%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2985	−0.110%	$988K	$244K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2984	−0.145%	$722K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2989	+0.033%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2988	long leg	$159K	$320K	50x
Polymarket Perps JUP-USDshort	+0.0100%	1h	0.2989	+0.020%	$94K	$128K	10x
HTX JUP-USDT	+0.0100%	4h	0.2977	−0.368%	$112K	$66K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2990	+0.067%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2982	−0.205%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0139%	4h	0.2987	−0.033%	$851K	$329K	50x	as long as short
Hyperliquid JUP	+0.0158%	1h	0.2988	−0.013%	$19.2M	$13.1M	10x	as long as short
Phoenix JUP	+0.0162%	1h	0.2989	+0.027%	$97K	$479K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.415%	$75K	$93K	50x	as long as short
Extended JUP-USD	+0.0264%	1h	0.2980	−0.268%	$2.2M	$507K	25x	as long as short