Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against BingX+0.214%51s7-day average +0.134% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as 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−$430.428% of the position

Long on BingX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.260%−$26 on $10k

Price spread, last 4 days (all we have)+0.160%+$16 · spread now +0.214%, 7d avg +0.134%

Together, before fees−0.100%−$10 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 0.080% dearer against BingX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of +0.134%. The two prices were read 51 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	BingX JUP-USDT	0.2946	0.0100	pay 0.0050% / 4h	2h 00m	—	$20.6M	—
Short	Polymarket Perps JUP-USD	0.2952	0.0100	get 0.0013% / 1h	0m 43s	$93K	$103K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against BingX. 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 BingXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.214%Rate

Funding earned: $0
Price spread: +0.214% → +0.134%: $7.97
Slippage, 4 orders: −$24.83
Fee BingX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$34.86
Costs to cover: 0.428%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Polymarket Perps: live order book, 46 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 BingX live order book, 8 min ago	1.70 bp	6.9 bp −$7	12.4 bp −$124	28.2 bp −$2,822	173.7 bp −$86.9K
Sell Polymarket Perps live order book, 46 min ago	3.05 bp	14.9 bp −$15	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	−0.4499%	1h	0.2905	−1.392%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2953	+0.225%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2949	+0.090%	$281K	$143K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2952	+0.206%	—	—	150x	as long as short
dYdX JUP-USD	+0.0010%	1h	0.2948	+0.068%	$39K	$19K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2952	+0.221%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2953	+0.224%	$766K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2949	+0.117%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2951	+0.187%	$580K	$494K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2951	+0.168%	$18.2M	$9.1M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster JUPUSDT	+0.0100%	4h	0.2949	+0.102%	$107K	$283K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2949	+0.102%	$16.2M	$39.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2947	+0.048%	$16.0M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2949	+0.102%	$4.1M	$10.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2953	+0.228%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2950	+0.136%	$723K	$1.5M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2948	+0.068%	$6.8M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2950	+0.136%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2949	+0.102%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDTlong	+0.0100%	4h	0.2946	long leg	—	$20.6M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2953	+0.231%	$979K	$215K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2949	+0.100%	$715K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2952	+0.212%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2953	+0.238%	$163K	$255K	50x	as long as short
Polymarket Perps JUP-USDshort	+0.0100%	1h	0.2952	+0.214%	$93K	$103K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	+0.238%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2945	−0.034%	$111K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	+0.170%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0160%	1h	0.2952	+0.197%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0216%	1h	0.2947	+0.037%	$2.2M	$570K	25x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0224%	1h	0.2954	+0.258%	$53K	$17K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0256%	1h	0.2954	+0.256%	$583K	$462K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2951	+0.166%	$98K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2953	+0.238%	$75K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2948	+0.068%	$825K	$380K	50x	as long as short
Phemex JUPUSDT	+0.0586%	4h	0.2957	+0.373%	$2.9M	$3.1M	50x	as long as short