Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: Polymarket Perps against ApeX Omni+0.213%7-day average +0.063% · you sell dearer than you buy

Net, funding: paid 7d − costs−$93as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$680.678% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.256%−$26 on $10k

Price spread, last 3 days (all we have)+0.082%+$8 · spread now +0.213%, 7d avg +0.063%

Together, before fees−0.174%−$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.150% dearer against ApeX Omni than usual: you sell high and buy low, +$15 on $10k if it goes back to its 7-day average of +0.063%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni JUPUSDT	0.2957	0.0100	pay 0.0013% / 1h	19m 28s	$157K	$319K	50x
Short	Polymarket Perps JUP-USD	0.2963	0.0100	get 0.0013% / 1h	19m 28s	$93K	$132K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against ApeX Omni. 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 ApeX OmnibpFee Polymarket PerpsbpOrdersPrice spread, now +0.213%Rate

Funding earned: $0
Price spread: +0.213% → +0.063%: $14.98
Slippage, 4 orders: −$49.82
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$52.84
Costs to cover: 0.678%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 63 min ago; Polymarket Perps: live order book, 62 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 ApeX Omni live order book, 63 min ago	6.72 bp	20.4 bp −$20	111.4 bp −$1,114	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 62 min ago	11.22 bp	15.2 bp −$15	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	−0.3508%	1h	0.2911	−1.556%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2957	+0.006%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2956	−0.025%	$282K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2956	−0.038%	$601K	$613K	20x	as long as short
01 Exchange JUPUSD	−0.0024%	1h	0.2961	+0.122%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2957	0.000%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2957	−0.002%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0006%	4h	0.2957	0.000%	$746K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2958	+0.046%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0072%	8h	0.2956	−0.039%	$9K	$13K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit JUPUSDT	+0.0091%	4h	0.2956	−0.034%	$16.2M	$23.3M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.2959	+0.064%	$793K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2957	0.000%	$612K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2962	+0.166%	$19.0M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2958	+0.038%	$106K	$365K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2960	+0.092%	$16.3M	$54.7M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2958	+0.034%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	+0.068%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	+0.068%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2961	+0.135%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2959	+0.068%	$5.6M	$8.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2957	0.000%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2957	−0.007%	$978K	$255K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2955	−0.080%	$714K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2960	+0.093%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDTlong	+0.0100%	1h	0.2957	long leg	$157K	$319K	50x
Polymarket Perps JUP-USDshort	+0.0100%	1h	0.2963	+0.213%	$93K	$132K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2957	0.000%	$31K	$50K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2950	−0.237%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2962	+0.169%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2954	−0.101%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0121%	4h	0.2959	+0.068%	$848K	$325K	50x	as long as short
dYdX JUP-USD	+0.0139%	1h	0.2958	+0.030%	$39K	$35K	5x	as long as short
Extended JUP-USD	+0.0144%	1h	0.2956	−0.020%	$2.2M	$503K	25x	as long as short
Phoenix JUP	+0.0190%	1h	0.2960	+0.108%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2961	+0.122%	$74K	$93K	50x	as long as short