Funding you earn now, next payment 22:00 UTC+0.0992%/8h= +108.6% APRnext payment +$1.24 per $10,000 · paid last 24h +0.156%
Price spread now: Polymarket Perps against GMX+0.153%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$30 a day on $10k at the current rate, and Polymarket Perps is 0.153% dearer against GMX than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX JUP/USD [WBTC.b-USDC] | 0.2960 | L −0.0892% / S +0.0333% | get 0.0112% / 1h | 11m 08s | $13K | — | 100x |
| Short | Polymarket Perps JUP-USD | 0.2965 | 0.0100 | get 0.0013% / 1h | 11m 08s | $93K | $139K | 10x |
Funding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against GMX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $208.34
- Price spread: +0.153% → 0.000%
- $15.34
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $203.68
- Costs to cover
- 0.200%
- Break-even
- 0.2 days
Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 11 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 GMX no order-book sample | — | — | — | — | — |
| Sell Polymarket Perps live order book, 11 min ago | 11.22 bp | 15.2 bp −$15 | doesn't fit | doesn't fit | doesn't fit |
GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | −0.890% | $3K | $206K | 5.5x | as long as short |
| GMX JUP/USD [WBTC.b-USDC]long | L −0.0892% / S +0.0333% | 1h | 0.2960 | long leg | $13K | — | 100x | |
| Deribit JUP_USDC-PERPETUAL | −0.0358% | 1h | 0.2960 | −0.026% | $56K | $14K | 10x | as long as short |
| Bybit JUPUSDT | −0.0141% | 4h | 0.2958 | −0.080% | $16.2M | $24.0M | 50x | as long as short |
| Gate JUP_USDT | −0.0020% | 4h | 0.2955 | −0.181% | $735K | $2.0M | 75x | as long as short |
| Phoenix JUP | 0.0000% | 1h | 0.2977 | +0.545% | $95K | $447K | 10x | as long as short |
| gTrade (Gains Network) JUP/USD | L +0.0002% / S −0.0001% | 1h | 0.2961 | +0.010% | $17K | — | 150x | as long as short |
| 01 Exchange JUPUSD | +0.0008% | 1h | 0.2957 | −0.120% | $26K | $19K | 5x | as long as short |
| Kraken Futures PF_JUPUSD | +0.0009% | 1h | 0.2960 | −0.016% | $600K | $624K | 20x | as long as short |
| dYdX JUP-USD | +0.0025% | 1h | 0.2961 | +0.014% | $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 | 0.2957 | −0.101% | — | — | 20x | as long as short |
| Paradex JUP-USD-PERP | +0.0086% | 8h | 0.2957 | −0.124% | $9K | $15K | 10x | as long as short |
| Lighter JUP | +0.0096% | 1h | 0.2962 | +0.039% | $837K | $1.3M | 10x | as long as short |
| Nado JUP-PERP | +0.0100% | 1h | 0.2956 | −0.156% | $596K | $668K | 10x | as long as short |
| Hyperliquid JUP | +0.0100% | 1h | 0.2963 | +0.099% | $19.0M | $14.0M | 10x | as long as short |
| Aster JUPUSDT | +0.0100% | 4h | 0.2961 | +0.009% | $106K | $367K | 10x | as long as short |
| Pacifica JUP | +0.0100% | 1h | 0.2958 | −0.081% | $282K | $181K | 10x | as long as short |
| Binance JUPUSDT | +0.0100% | 4h | 0.2961 | +0.022% | $16.4M | $56.3M | 75x | as long as short |
| OKX JUP-USDT-SWAP | +0.0100% | 4h | 0.2960 | −0.012% | $4.1M | $16.7M | 50x | as long as short |
| MEXC JUP_USDT | +0.0100% | 4h | 0.2959 | −0.046% | $8.0M | $8.1M | 200x | as long as short |
| KuCoin JUPUSDTM | +0.0100% | 4h | 0.2961 | +0.022% | $4.5M | $7.2M | 50x | as long as short |
| Bitget JUPUSDT | +0.0100% | 4h | 0.2957 | −0.113% | $5.6M | $8.5M | 75x | as long as short |
| BingX JUP-USDT | +0.0100% | 4h | 0.2957 | −0.113% | — | $20.9M | — | as long as short |
| Backpack JUP_USDC_PERP | +0.0100% | 1h | 0.2960 | −0.012% | $980K | $266K | 10x | as long as short |
| Variational Omni JUP | +0.0100% | 4h | 0.2971 | +0.372% | $727K | $1.2M | — | as long as short |
| GRVT JUP_USDT_Perp | +0.0100% | 4h | 0.2961 | +0.022% | $1.6M | $4.2M | 10x | as long as short |
| ApeX Omni JUPUSDT | +0.0100% | 1h | 0.2972 | +0.393% | $158K | $319K | 50x | as long as short |
| Polymarket Perps JUP-USDshort | +0.0100% | 1h | 0.2965 | +0.153% | $93K | $139K | 10x | |
| Orderly PERP_JUP_USDC | +0.0100% | 4h | 0.2960 | −0.012% | $31K | $51K | 10x | as long as short |
| HTX JUP-USDT | +0.0100% | 4h | 0.2951 | −0.316% | $111K | $69K | 20x | as long as short |
| Phemex JUPUSDT | +0.0100% | 4h | 0.2965 | +0.157% | $2.9M | $4.1M | 50x | as long as short |
| Bulk JUP-USD | +0.0100% | 1h | 0.2957 | −0.097% | $57K | $3K | 10x | as long as short |
| Aevo JUP-PERP | +0.0104% | 1h | 0.2956 | −0.156% | $40K | — | 3x | as long as short |
| BloFin JUP-USDT | +0.0118% | 4h | 0.2956 | −0.147% | $856K | $332K | 50x | as long as short |
| Extended JUP-USD | +0.0208% | 1h | 0.2957 | −0.109% | $2.2M | $539K | 25x | as long as short |
| Coinbase International JUP-PERP-INTX | +0.0248% | 1h | 0.2989 | +0.984% | $74K | $95K | 50x | as long as short |
GMX JUP/USD [WBTC.b-USDC]
Polymarket Perps JUP-USD
Injective JUP/USDC PERP
Deribit JUP_USDC-PERPETUAL
Bybit JUPUSDT
Gate JUP_USDT
Phoenix JUP
gTrade (Gains Network) JUP/USD
01 Exchange JUPUSD
Kraken Futures PF_JUPUSD
Paradex JUP-USD-PERP
Lighter JUP
Hyperliquid JUP
Aster JUPUSDT
Pacifica JUP
Binance JUPUSDT
OKX JUP-USDT-SWAP
MEXC JUP_USDT
KuCoin JUPUSDTM
Bitget JUPUSDT
BingX JUP-USDT
Backpack JUP_USDC_PERP
Variational Omni JUP
GRVT JUP_USDT_Perp
ApeX Omni JUPUSDT
HTX JUP-USDT
Phemex JUPUSDT
Bulk JUP-USD
BloFin JUP-USDT
Extended JUP-USD
Coinbase International JUP-PERP-INTX