Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.025%

Price spread now: Polymarket Perps against Gate−0.033%7-day average +0.147% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$740.740% of the position

Long on Gate Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.161%−$16 on $10k

Price spread, last 4 days (all we have)+0.943%+$94 · spread now −0.033%, 7d avg +0.147%

Together, before fees+0.782%+$78 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 0.181% cheaper against Gate than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.147%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate JUP_USDT	0.3001	0.0100	pay 0.0050% / 4h	3h 14m	$711K	$1.3M	75x
Short	Polymarket Perps JUP-USD	0.3000	0.0100	get 0.0013% / 1h	14m 32s	$94K	$105K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Gate. 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 GatebpFee Polymarket PerpsbpOrdersPrice spread, now −0.033%Rate

Funding earned: $0
Price spread: −0.033% → +0.147%: −$18.07
Slippage, 4 orders: −$50.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$92.03
Costs to cover: 0.740%
Break-even: never at this rate

Slippage from Gate: live order book, 3 min ago; Polymarket Perps: live order book, 82 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 Gate live order book, 3 min ago	3.33 bp	20.9 bp −$21	102.0 bp −$1,020	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 82 min ago	3.09 bp	14.8 bp −$15	16.8 bp −$168	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	−0.3798%	1h	0.2931	−2.333%	$3K	$205K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.3004	+0.099%	$17K	—	100x	as long as short
Pacifica JUP	−0.0070%	1h	0.3001	−0.008%	$286K	$129K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.3003	+0.073%	$17K	—	150x	as long as short
dYdX JUP-USD	+0.0049%	1h	0.3002	+0.047%	$40K	$16K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3000	−0.031%	—	—	20x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0083%	1h	0.3006	+0.163%	$54K	$17K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3005	+0.137%	$777K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2997	−0.118%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3005	+0.125%	$588K	$483K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.3008	+0.233%	$18.5M	$8.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3001	0.000%	$101K	$283K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3002	+0.022%	$16.6M	$37.5M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.3002	+0.033%	$16.3M	$16.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.3004	+0.100%	$4.2M	$10.2M	50x	as long as short
Gate JUP_USDTlong	+0.0100%	4h	0.3001	long leg	$711K	$1.3M	75x
MEXC JUP_USDT	+0.0100%	4h	0.3005	+0.133%	$8.0M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3003	+0.067%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3006	+0.167%	$5.9M	$4.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3000	−0.033%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3001	+0.017%	$995K	$216K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3001	+0.002%	$727K	$467K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2987	−0.467%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2994	−0.233%	$165K	$249K	50x	as long as short
Polymarket Perps JUP-USDshort	+0.0100%	1h	0.3000	−0.033%	$94K	$105K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3006	+0.167%	$34K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2998	−0.100%	$116K	$47K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3006	+0.167%	$2.9M	$2.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2984	−0.566%	$62K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3003	+0.050%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0144%	1h	0.2997	−0.126%	$2.2M	$544K	25x	as long as short
01 Exchange JUPUSD	+0.0232%	1h	0.3004	+0.103%	$27K	$2K	5x	as long as short
Kraken Futures PF_JUPUSD	+0.0272%	1h	0.3007	+0.185%	$591K	$396K	20x	as long as short
Phoenix JUP	+0.0272%	1h	0.3005	+0.140%	$109K	$275K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.3008	+0.217%	$79K	$53K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3000	−0.033%	$824K	$383K	50x	as long as short