Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against Polymarket Perps−0.146%7-day average −0.135% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$480.480% of the position

Long on Polymarket Perps Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.040%+$4 · spread now −0.146%, 7d avg −0.135%

Together, before fees+0.037%+ Points / potential airdropNado: Active · farm board+$4 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	0.2984	0.0100	pay 0.0013% / 1h	16m 49s	$94K	$104K	10x
Short	Nado JUP-PERP	0.2979	0.0100	get 0.0012% / 1h	16m 49s	$602K	$505K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.146%Rate

Funding earned: $0
Price spread: −0.146% → −0.135%: −$1.08
Slippage, 4 orders: −$32.97
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$49.05
Costs to cover: 0.480%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 45 min ago; Nado: live order book, 46 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, 45 min ago	11.02 bp	15.0 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 46 min ago	1.87 bp	8.0 bp −$8	33.9 bp −$339	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	0.2941	−1.428%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2981	−0.074%	$16K	—	100x	as long as short
Pacifica JUP	−0.0224%	1h	0.2981	−0.073%	$284K	$147K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2982	−0.057%	$55K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2981	−0.096%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2980	−0.122%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0076%	4h	0.2979	−0.164%	$16.0M	$19.0M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2984	+0.030%	$788K	$1.1M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2980	−0.129%	$9K	$11K	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.2979	−0.146%	$602K	$505K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2984	+0.020%	$18.9M	$9.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2982	−0.039%	$115K	$290K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2981	−0.072%	$16.4M	$42.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2982	−0.054%	$4.1M	$12.4M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2958	−0.858%	$62K	$8K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2980	−0.121%	$744K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2981	−0.087%	$7.4M	$6.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2981	−0.087%	$4.1M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2982	−0.054%	$5.8M	$5.9M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2980	−0.121%	—	$20.7M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2982	−0.047%	$988K	$247K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2977	−0.223%	$727K	$694K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2984	+0.008%	$1.6M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2979	−0.154%	$158K	$266K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2984	long leg	$94K	$104K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2980	−0.121%	$31K	$42K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2974	−0.322%	$112K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2985	+0.047%	$2.9M	$3.3M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2979	−0.154%	$41K	—	3x	as long as short
dYdX JUP-USD	+0.0127%	1h	0.2980	−0.107%	$39K	$26K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0199%	1h	0.2981	−0.087%	$596K	$488K	20x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2984	−0.003%	$26K	$19K	5x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2982	−0.047%	$75K	$50K	50x	as long as short
Phoenix JUP	+0.0244%	1h	0.2979	−0.137%	$98K	$329K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2979	−0.154%	$644K	$388K	50x	as long as short
Extended JUP-USD	+0.0408%	1h	0.2981	−0.096%	$2.2M	$495K	25x	as long as short