JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0256%/8h= −28.1% APRnext payment −$0.32 per $10,000 · paid last 24h −0.048%

Price spread now: Deribit against Polymarket Perps+0.085%48s7-day average — · you sell dearer than you buy

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

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.020%+$2 on $10k

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Deribit is 0.085% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 26 hours. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.020% in total (about 1.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.32 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps JUP-USD	0.2950	0.0100	pay 0.0013% / 1h	9m 30s	$93K	$109K	10x
Short	Deribit JUP_USDC-PERPETUAL	0.2952	−0.0156	pay 0.0020% / 1h	9m 30s	$54K	$16K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 DeribitbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$53.82
Price spread: +0.085% → 0.000%: $8.47
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$60.34
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 57 min ago; Deribit: no order-book sample. 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 Polymarket Perps live order book, 57 min ago	2.99 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Deribit no order-book sample	—	—	—	—	—

Deribit: 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 35 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	−0.4347%	1h	0.2917	−1.115%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2949	−0.046%	$281K	$147K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2949	−0.033%	$16K	—	100x	as long as short
Deribit JUP_USDC-PERPETUALshort	−0.0156%	1h	0.2952	+0.085%	$54K	$16K	10x
Bybit JUPUSDT	−0.0149%	4h	0.2946	−0.132%	$15.8M	$19.7M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2954	+0.123%	$590K	$506K	20x	as long as short
OKX JUP-USDT-SWAP	−0.0013%	4h	0.2946	−0.132%	$4.0M	$13.3M	50x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2950	−0.005%	—	—	150x	as long as short
Variational Omni JUP	+0.0026%	4h	0.2953	+0.105%	$721K	$750K	—	as long as short
Gate JUP_USDT	+0.0052%	4h	0.2950	+0.003%	$736K	$1.5M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2947	−0.107%	—	—	20x	as long as short
dYdX JUP-USD	+0.0070%	1h	0.2949	−0.017%	$39K	$28K	5x	as long as short
Paradex JUP-USD-PERP	+0.0093%	8h	0.2948	−0.054%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2951	+0.051%	$780K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2946	−0.132%	$596K	$528K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2950	+0.007%	$18.7M	$10.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2951	+0.044%	$114K	$317K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2948	−0.064%	$16.2M	$44.8M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2956	+0.207%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2948	−0.064%	$7.3M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2950	+0.003%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2948	−0.064%	$5.7M	$6.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2948	−0.064%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2952	+0.078%	$977K	$236K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	+0.342%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2955	+0.173%	$157K	$285K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2950	long leg	$93K	$109K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	+0.105%	$31K	$43K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2952	+0.071%	$111K	$49K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2958	+0.275%	$2.9M	$3.5M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	+0.035%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0144%	1h	0.2948	−0.071%	$26K	$19K	5x	as long as short
Phoenix JUP	+0.0188%	1h	0.2954	+0.142%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2954	+0.129%	$74K	$51K	50x	as long as short
Extended JUP-USD	+0.0464%	1h	0.2948	−0.080%	$2.2M	$487K	25x	as long as short