Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Polymarket Perps−0.084%7-day average −0.136% · you buy dearer than you sell

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$610.606% of the position

Long on Polymarket Perps Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.274%+$27 on $10k

Price spread, last 3 days (all we have)−0.238%−$24 · spread now −0.084%, 7d avg −0.136%

Together, before fees+0.036%+$4 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: BingX is 0.053% dearer against Polymarket Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.136%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps JUP-USD	0.2994	0.0100	pay 0.0013% / 1h	46m 52s	$95K	$117K	10x
Short	BingX JUP-USDT	0.2991	0.0100	get 0.0050% / 4h	3h 46m	—	$20.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Polymarket Perps. 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 Polymarket PerpsbpFee BingXbpOrdersPrice spread, now −0.084%Rate

Funding earned: $0
Price spread: −0.084% → −0.136%: $5.27
Slippage, 4 orders: −$42.57
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BingX: 5 bp × 2 orders: −$10
Net: −$55.29
Costs to cover: 0.606%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 25 min ago; BingX: live order book, 2 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 Polymarket Perps live order book, 25 min ago	10.25 bp	14.6 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 2 min ago	5.02 bp	11.0 bp −$11	14.9 bp −$149	26.6 bp −$2,656	58.7 bp −$29.4K

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	−0.4634%	1h	0.2959	−1.152%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.2988	−0.177%	$285K	$150K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0285%	1h	0.2989	−0.167%	$55K	$16K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2989	−0.139%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.2990	−0.133%	$602K	$542K	20x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2990	−0.103%	$17K	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0024%	4h	0.2988	−0.184%	$4.1M	$16.1M	50x	as long as short
01 Exchange JUPUSD	+0.0040%	1h	0.2989	−0.140%	$26K	$19K	5x	as long as short
dYdX JUP-USD	+0.0040%	1h	0.2992	−0.066%	$39K	$32K	5x	as long as short
Variational Omni JUP	+0.0057%	4h	0.2989	−0.149%	$724K	$776K	—	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	0.2987	−0.232%	—	—	20x	as long as short
BloFin JUP-USDT	+0.0083%	4h	0.2985	−0.284%	$846K	$309K	50x	as long as short
Paradex JUP-USD-PERP	+0.0083%	8h	0.2987	−0.204%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2991	−0.097%	$770K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2990	−0.117%	$31K	$47K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2987	−0.217%	$620K	$641K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2992	−0.063%	$19.2M	$12.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2991	−0.078%	$116K	$357K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2991	−0.077%	$16.5M	$50.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2989	−0.154%	$16.3M	$21.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2987	−0.212%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2990	−0.117%	$748K	$1.5M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2992	−0.050%	$8.1M	$7.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2992	−0.050%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2993	−0.017%	$5.8M	$7.2M	75x	as long as short
BingX JUP-USDTshort	+0.0100%	4h	0.2991	−0.084%	—	$20.7M	—
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2990	−0.110%	$990K	$232K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2992	−0.040%	$1.6M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2993	−0.017%	$159K	$319K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2994	long leg	$95K	$117K	10x
HTX JUP-USDT	+0.0100%	4h	0.2982	−0.384%	$112K	$60K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2994	+0.017%	$2.9M	$3.8M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2990	−0.132%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2989	−0.146%	$2.2M	$491K	25x	as long as short
Phoenix JUP	+0.0214%	1h	0.2991	−0.084%	$97K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2996	+0.090%	$75K	$88K	50x	as long as short