Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.004%

Price spread now: Polymarket Perps against Orderly+0.014%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Orderly Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_JUP_USDC	0.2945	0.0100	pay 0.0050% / 4h	31m 09s	$31K	$42K	10x
Short	Polymarket Perps JUP-USD	0.2945	0.0100	get 0.0013% / 1h	31m 09s	$93K	$105K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Orderly. 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 OrderlybpFee Polymarket PerpsbpOrdersPrice spread, now +0.014%Rate

Funding earned: $0
Price spread: +0.014% → 0.000%: $1.36
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$12.64
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Polymarket Perps: live order book, 26 min ago. Net counts fees only.

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 Orderly no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 26 min ago	3.37 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.4661%	1h	0.2907	−1.290%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2945	−0.006%	$16K	—	100x	as long as short
Pacifica JUP	−0.0125%	1h	0.2961	+0.531%	$282K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2945	+0.007%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2945	−0.008%	—	—	150x	as long as short
dYdX JUP-USD	+0.0016%	1h	0.2960	+0.525%	$39K	$25K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2944	−0.050%	—	—	20x	as long as short
Kraken Futures PF_JUPUSD	+0.0096%	1h	0.2946	+0.044%	$590K	$487K	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2948	+0.085%	$778K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0099%	8h	0.2962	+0.563%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2943	−0.051%	$592K	$497K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2949	+0.136%	$18.6M	$9.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2946	+0.049%	$109K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2948	+0.113%	$16.3M	$41.8M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2945	0.000%	$15.8M	$18.5M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2948	+0.102%	$4.0M	$11.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2936	−0.306%	$61K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2945	0.000%	$729K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2944	−0.034%	$7.3M	$6.4M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2944	−0.034%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2947	+0.068%	$5.8M	$5.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2948	+0.102%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2946	+0.027%	$977K	$237K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2941	−0.136%	$718K	$643K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2938	−0.231%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2944	−0.034%	$156K	$253K	50x	as long as short
Polymarket Perps JUP-USDshort	+0.0100%	1h	0.2945	+0.014%	$93K	$105K	10x
Orderly PERP_JUP_USDClong	+0.0100%	4h	0.2945	long leg	$31K	$42K	10x
HTX JUP-USDT	+0.0100%	4h	0.2945	0.000%	$111K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2950	+0.170%	$2.9M	$3.2M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2944	−0.017%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0160%	1h	0.2946	+0.048%	$26K	$17K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0208%	1h	0.2954	+0.312%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0271%	1h	0.2959	+0.458%	$97K	$304K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2945	0.000%	$837K	$383K	50x	as long as short
Extended JUP-USD	+0.0456%	1h	0.2944	−0.034%	$2.2M	$502K	25x	as long as short