JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0024%/8h= −2.7% APRpaid last 24h 0.000%

Price spread now: Variational Omni against Polymarket Perps−0.091%7-day average −0.112% · you buy dearer than you sell

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

Long on Polymarket Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.172%−$17 · spread now −0.091%, 7d avg −0.112%

Together, before fees−0.176%+ Points / potential airdropVariational Omni: Active · farm board−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Variational Omni is 0.020% dearer against Polymarket Perps than usual: you sell high and buy low (spread −0.091% now, against its 7-day average of −0.112%): +$2 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 2.8 days. At the pace of the last 3 days (−0.004% in total) that is about 15 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps JUP-USD	0.2955	0.0100	pay 0.0013% / 1h	56m 44s	$93K	$139K	10x
Short	Variational Omni JUP	0.2952	0.0076	get 0.0038% / 4h	1h 56m	$722K	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.091%Rate

Funding earned: −$5.14
Price spread: −0.091% → −0.112%: $2.03
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$11.11
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 25 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 25 min ago	11.22 bp	17.3 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 2 min ago	6.78 bp	doesn't fit	37.3 bp −$373	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	−0.3508%	1h	0.2922	−1.120%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0962% / S +0.0355%	1h	0.2954	−0.037%	$13K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2958	+0.093%	$282K	$177K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0325%	1h	0.2953	−0.061%	$56K	$14K	10x	as long as short
01 Exchange JUPUSD	−0.0312%	1h	0.2951	−0.152%	$26K	$19K	5x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2953	−0.084%	$599K	$623K	20x	as long as short
Bybit JUPUSDT	−0.0121%	4h	0.2956	+0.030%	$16.2M	$23.9M	50x	as long as short
Gate JUP_USDT	−0.0054%	4h	0.2950	−0.173%	$734K	$1.9M	75x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2959	+0.122%	$39K	$35K	5x	as long as short
Phoenix JUP	0.0000%	1h	0.2956	+0.034%	$95K	$441K	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 +0.0002% / S −0.0001%	1h	0.2954	−0.050%	$17K	—	150x	as long as short
Backpack JUP_USDC_PERP	+0.0017%	1h	0.2954	−0.024%	$978K	$263K	10x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2952	−0.103%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0068%	8h	0.2958	+0.110%	$9K	$15K	10x	as long as short
Variational Omni JUPshort	+0.0076%	4h	0.2952	−0.091%	$722K	$1.1M	—
Lighter JUP	+0.0096%	1h	0.2959	+0.125%	$816K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2949	−0.198%	$610K	$677K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2961	+0.195%	$18.9M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2956	+0.030%	$106K	$367K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2958	+0.102%	$16.3M	$56.0M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2957	+0.064%	$4.1M	$16.6M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2958	+0.098%	$8.0M	$7.9M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2958	+0.098%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	+0.030%	$5.6M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2954	−0.037%	—	$20.9M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2956	+0.045%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	+0.030%	$157K	$319K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2955	long leg	$93K	$139K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2953	−0.071%	$31K	$51K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2945	−0.342%	$111K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2957	+0.064%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	−0.037%	$57K	$3K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2954	−0.035%	$2.2M	$541K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2951	−0.139%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0104%	4h	0.2953	−0.071%	$855K	$331K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2989	+1.164%	$74K	$94K	50x	as long as short