Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against Nado+0.146%7-day average +0.130% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on Nado Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.146%, 7d avg +0.130%

Together, before fees−0.043%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2948	0.0100	pay 0.0012% / 1h	50m 33s	$610K	$672K	10x
Short	Polymarket Perps JUP-USD	0.2953	0.0100	get 0.0013% / 1h	50m 33s	$93K	$138K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Nado. 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 NadobpFee Polymarket PerpsbpOrdersPrice spread, now +0.146%Rate

Funding earned: $0
Price spread: +0.146% → +0.130%: $1.54
Slippage, 4 orders: −$35.15
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$48.61
Costs to cover: 0.502%
Break-even: 1233128732639992.3 days

Slippage from Nado: live order book, 33 min ago; Polymarket Perps: live order book, 31 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 Nado live order book, 33 min ago	1.34 bp	9.5 bp −$10	37.2 bp −$372	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 31 min ago	11.22 bp	15.2 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	−0.3508%	1h	0.2922	−0.899%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0989% / S +0.0364%	1h	0.2952	+0.123%	$13K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2951	+0.101%	$281K	$177K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0190%	1h	0.2952	+0.105%	$56K	$14K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2954	+0.186%	$599K	$623K	20x	as long as short
01 Exchange JUPUSD	−0.0096%	1h	0.2950	+0.047%	$26K	$19K	5x	as long as short
Bybit JUPUSDT	−0.0040%	4h	0.2949	+0.024%	$16.1M	$23.9M	50x	as long as short
Gate JUP_USDT	−0.0030%	4h	0.2950	+0.051%	$734K	$1.9M	75x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2953	+0.138%	$17K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2947	−0.049%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0065%	8h	0.2951	+0.075%	$9K	$15K	10x	as long as short
Variational Omni JUP	+0.0074%	4h	0.2956	+0.263%	$721K	$1.1M	—	as long as short
dYdX JUP-USD	+0.0079%	1h	0.2953	+0.143%	$39K	$35K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2954	+0.170%	$805K	$1.3M	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2948	long leg	$610K	$672K	10x
Hyperliquid JUP	+0.0100%	1h	0.2953	+0.146%	$18.9M	$13.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2954	+0.188%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2950	+0.058%	$16.3M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2948	−0.017%	$4.0M	$16.6M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2952	+0.119%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2952	+0.119%	$8.0M	$7.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2954	+0.187%	$4.3M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2949	+0.017%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2950	+0.051%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2951	+0.081%	$977K	$263K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2967	+0.612%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2955	+0.220%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USDshort	+0.0100%	1h	0.2953	+0.146%	$93K	$138K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2952	+0.119%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2952	+0.119%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2955	+0.220%	$2.9M	$4.1M	50x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2949	+0.018%	$2.2M	$540K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2949	+0.023%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0149%	4h	0.2955	+0.220%	$851K	$331K	50x	as long as short
Phoenix JUP	+0.0190%	1h	0.2958	+0.312%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.391%	$74K	$94K	50x	as long as short