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% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against KuCoin+0.151%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$126as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1071.075% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 3 days (all we have)+0.200%+$20 · spread now +0.151%, 7d avg +0.085%

Together, before fees+0.014%+$1 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 0.067% dearer against KuCoin than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2978	0.0100	pay 0.0050% / 4h	4m 03s	$4.2M	$6.9M	50x
Short	Polymarket Perps JUP-USD	0.2983	0.0100	get 0.0013% / 1h	4m 03s	$94K	$119K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now +0.151%Rate

Funding earned: $0
Price spread: +0.151% → +0.085%: $6.66
Slippage, 4 orders: −$87.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$100.84
Costs to cover: 1.075%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Polymarket Perps: live order book, 8 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 KuCoin live order book, 4 min ago	5.04 bp	28.8 bp −$29	101.4 bp −$1,014	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 8 min ago	10.25 bp	24.9 bp −$25	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	0.2938	−1.343%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2979	+0.038%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2978	+0.008%	$600K	$589K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2974	−0.150%	$283K	$165K	10x	as long as short
Bybit JUPUSDT	−0.0060%	4h	0.2975	−0.101%	$16.2M	$22.1M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0052%	1h	0.2978	+0.007%	$56K	$14K	10x	as long as short
01 Exchange JUPUSD	−0.0048%	1h	0.2975	−0.097%	$26K	$19K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2978	+0.015%	$17K	—	150x	as long as short
Variational Omni JUP	+0.0036%	4h	0.2967	−0.383%	$718K	$776K	—	as long as short
OKX JUP-USDT-SWAP	+0.0040%	4h	0.2975	−0.101%	$4.1M	$16.1M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2974	−0.132%	—	—	20x	as long as short
Gate JUP_USDT	+0.0062%	4h	0.2977	−0.034%	$744K	$1.8M	75x	as long as short
dYdX JUP-USD	+0.0063%	1h	0.2976	−0.082%	$39K	$32K	5x	as long as short
Paradex JUP-USD-PERP	+0.0083%	8h	0.2974	−0.134%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2980	+0.060%	$796K	$1.4M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2978	0.000%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2973	−0.185%	$616K	$648K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2982	+0.124%	$19.2M	$13.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2977	−0.023%	$116K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2976	−0.053%	$16.4M	$51.9M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2972	−0.201%	$62K	$9K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2976	−0.067%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2978	long leg	$4.2M	$6.9M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2977	−0.034%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2976	−0.067%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2979	+0.027%	$986K	$233K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2974	−0.134%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2970	−0.269%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USDshort	+0.0100%	1h	0.2983	+0.151%	$94K	$119K	10x
HTX JUP-USDT	+0.0100%	4h	0.2976	−0.067%	$112K	$62K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2980	+0.067%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2975	−0.084%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0107%	4h	0.2970	−0.269%	$840K	$303K	50x	as long as short
Extended JUP-USD	+0.0120%	1h	0.2975	−0.087%	$2.2M	$507K	25x	as long as short
Phoenix JUP	+0.0162%	1h	0.2976	−0.054%	$97K	$479K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2978	0.000%	$74K	$91K	50x	as long as short