Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0093%/8h= +10.2% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against Bybit+0.235%7-day average +0.147% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on Bybit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.242%−$24 on $10k

Price spread, last 3 days (all we have)+0.121%+$12 · spread now +0.235%, 7d avg +0.147%

Together, before fees−0.120%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.088% dearer against Bybit than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of +0.147%. Mind the row above: over the last 7 days funding on this pair cost −0.242%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit JUPUSDT	0.2982	0.0007	pay 0.0004% / 4h	34m 54s	$16.3M	$22.9M	50x
Short	Polymarket Perps JUP-USD	0.2989	0.0100	get 0.0013% / 1h	34m 54s	$94K	$129K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Bybit. 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 BybitbpFee Polymarket PerpsbpOrdersPrice spread, now +0.235%Rate

Funding earned: $19.51
Price spread: +0.235% → +0.147%: $8.78
Slippage, 4 orders: −$44.06
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$34.76
Costs to cover: 0.631%
Break-even: 19.5 days

Slippage from Bybit: live order book, 4 min ago; Polymarket Perps: live order book, 42 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 Bybit live order book, 4 min ago	1.68 bp	15.7 bp −$16	42.9 bp −$429	265.4 bp −$26.5K	doesn't fit
Sell Polymarket Perps live order book, 42 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	−1.073%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2986	+0.149%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0208%	1h	0.2988	+0.196%	$602K	$609K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2985	+0.100%	$284K	$168K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0051%	1h	0.2987	+0.158%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2988	+0.186%	$17K	—	150x	as long as short
Bybit JUPUSDTlong	+0.0007%	4h	0.2982	long leg	$16.3M	$22.9M	50x
Gate JUP_USDT	+0.0052%	4h	0.2983	+0.034%	$747K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2983	+0.038%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0064%	1h	0.2986	+0.137%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BloFin JUP-USDT	+0.0072%	4h	0.2984	+0.067%	$850K	$329K	50x	as long as short
dYdX JUP-USD	+0.0083%	1h	0.2987	+0.155%	$39K	$34K	5x	as long as short
Paradex JUP-USD-PERP	+0.0086%	8h	0.2985	+0.110%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2988	+0.195%	$800K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2987	+0.168%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2984	+0.050%	$615K	$662K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2987	+0.181%	$116K	$363K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2985	+0.101%	$16.4M	$53.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2983	+0.034%	$4.1M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2985	+0.101%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2985	+0.101%	$8.2M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2987	+0.168%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2987	+0.168%	$5.8M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2984	+0.067%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2986	+0.141%	$988K	$244K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2984	+0.056%	$722K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2989	+0.235%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2989	+0.235%	$159K	$320K	50x	as long as short
Polymarket Perps JUP-USDshort	+0.0100%	1h	0.2989	+0.235%	$94K	$129K	10x
HTX JUP-USDT	+0.0100%	4h	0.2978	−0.134%	$112K	$66K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2992	+0.335%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2983	+0.034%	$41K	—	3x	as long as short
Phoenix JUP	+0.0162%	1h	0.2990	+0.258%	$97K	$479K	10x	as long as short
Hyperliquid JUP	+0.0177%	1h	0.2990	+0.285%	$19.2M	$13.1M	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.617%	$75K	$95K	50x	as long as short
Extended JUP-USD	+0.0272%	1h	0.2983	+0.050%	$2.2M	$507K	25x	as long as short