Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.025%

Price spread now: Gate against Polymarket Perps−0.186%7-day average −0.152% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$89as in the Price arb table

costs, in and out, $10k−$860.856% of the position

Long on Polymarket Perps Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.181%+$18 on $10k

Price spread, last 3 days (all we have)−0.192%−$19 · spread now −0.186%, 7d avg −0.152%

Together, before fees−0.011%−$1 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.034% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.152%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.181%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps JUP-USD	0.2958	0.0100	pay 0.0013% / 1h	51m 20s	$93K	$110K	10x
Short	Gate JUP_USDT	0.2952	0.0024	get 0.0012% / 4h	2h 51m	$742K	$1.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.186%Rate

Funding earned: −$15.96
Price spread: −0.186% → −0.152%: −$3.41
Slippage, 4 orders: −$62.61
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$104.98
Costs to cover: 0.856%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 15 min ago; Gate: live order book, 1 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, 15 min ago	2.99 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.39 bp	27.3 bp −$27	111.5 bp −$1,115	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	−0.4347%	1h	0.2904	−1.809%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2952	−0.171%	$281K	$147K	10x	as long as short
Bybit JUPUSDT	−0.0274%	4h	0.2950	−0.254%	$15.9M	$20.7M	50x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.2957	−0.005%	$16K	—	100x	as long as short
OKX JUP-USDT-SWAP	−0.0090%	4h	0.2952	−0.186%	$4.0M	$15.0M	50x	as long as short
Backpack JUP_USDC_PERP	−0.0071%	1h	0.2958	+0.020%	$979K	$235K	10x	as long as short
01 Exchange JUPUSD	−0.0048%	1h	0.2954	−0.101%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2958	+0.023%	$595K	$524K	20x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2955	−0.090%	$39K	$31K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2957	−0.030%	$54K	$16K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2953	−0.140%	—	—	150x	as long as short
Gate JUP_USDTshort	+0.0024%	4h	0.2952	−0.186%	$742K	$1.5M	75x
Reya JUPRUSDPERP	+0.0057%	1h	0.2951	−0.235%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0082%	8h	0.2951	−0.213%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2955	−0.078%	$782K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	−0.152%	$31K	$44K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2951	−0.220%	$606K	$611K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2955	−0.098%	$18.9M	$11.3M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2954	−0.117%	$114K	$325K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2953	−0.152%	$16.3M	$47.6M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2971	+0.456%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2951	−0.220%	$7.5M	$6.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2953	−0.152%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2952	−0.186%	$5.7M	$6.7M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2951	−0.220%	—	$20.8M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2938	−0.658%	$713K	$768K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	−0.226%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2950	−0.254%	$157K	$303K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2958	long leg	$93K	$110K	10x
HTX JUP-USDT	+0.0100%	4h	0.2952	−0.186%	$111K	$55K	20x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2951	−0.228%	$2.2M	$485K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2954	−0.135%	$40K	—	3x	as long as short
Phoenix JUP	+0.0188%	1h	0.2941	−0.544%	$96K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2960	+0.081%	$74K	$58K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2951	−0.220%	$854K	$380K	50x	as long as short
Phemex JUPUSDT	+0.0537%	4h	0.2961	+0.118%	$2.9M	$3.6M	50x	as long as short