Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: HTX against Polymarket Perps−0.322%7-day average −0.312% · you buy dearer than you sell

Net, funding: paid 7d − costs−$234as in the Funding arb table

Net, price: spread back to 7d avg − costs−$264as in the Price arb table

costs, in and out, $10k−$2632.626% of the position

Long on Polymarket Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.285%+$29 on $10k

Price spread, last 3 days (all we have)+0.211%+$21 · spread now −0.322%, 7d avg −0.312%

Together, before fees+0.496%+$50 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps JUP-USD	0.2954	0.0100	pay 0.0013% / 1h	2m 45s	$93K	$139K	10x
Short	HTX JUP-USDT	0.2945	0.0100	get 0.0050% / 4h	2h 02m	$111K	$69K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.322%Rate

Funding earned: $0
Price spread: −0.322% → −0.312%: −$0.99
Slippage, 4 orders: −$242.63
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$263.62
Costs to cover: 2.626%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 19 min ago; HTX: live order book, 18 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, 19 min ago	11.22 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 18 min ago	8.42 bp	117.9 bp −$118	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	−0.5000%	1h	0.2934	−0.694%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0934% / S +0.0347%	1h	0.2953	−0.068%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0164%	4h	0.2953	−0.064%	$16.2M	$24.0M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0156%	1h	0.2953	−0.068%	$56K	$14K	10x	as long as short
Gate JUP_USDT	−0.0048%	4h	0.2952	−0.085%	$734K	$2.0M	75x	as long as short
01 Exchange JUPUSD	−0.0024%	1h	0.2948	−0.206%	$26K	$19K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2957	+0.071%	$95K	$447K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2954	−0.028%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2954	−0.027%	$599K	$624K	20x	as long as short
dYdX JUP-USD	+0.0026%	1h	0.2957	+0.079%	$39K	$36K	5x	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	0.2949	−0.182%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0078%	8h	0.2955	+0.013%	$9K	$15K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2958	+0.115%	$825K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2949	−0.178%	$597K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2959	+0.149%	$18.9M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2957	+0.083%	$106K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2954	−0.004%	$281K	$179K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2955	+0.017%	$16.3M	$56.2M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2953	−0.051%	$4.1M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2955	+0.017%	$8.0M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2957	+0.085%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2954	−0.017%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2953	−0.051%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2955	+0.034%	$978K	$263K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2951	−0.106%	$722K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2955	+0.001%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	+0.051%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2954	long leg	$93K	$139K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2952	−0.085%	$31K	$51K	10x	as long as short
HTX JUP-USDTshort	+0.0100%	4h	0.2945	−0.322%	$111K	$69K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2957	+0.085%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2957	+0.102%	$57K	$3K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2950	−0.145%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0122%	4h	0.2952	−0.085%	$856K	$337K	50x	as long as short
Extended JUP-USD	+0.0168%	1h	0.2954	−0.020%	$2.2M	$541K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+1.185%	$74K	$94K	50x	as long as short