JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0068%/8h= −7.4% APRnext payment −$0.08 per $10,000 · paid last 24h −0.052%

Price spread now: Polymarket Perps against Hyperliquid+0.027%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

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

costs, in and out, $10k−$540.540% of the position

Long on Hyperliquid Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.278%−$28 on $10k

Price spread, last 3 days (all we have)+0.404%+$40 · spread now +0.027%, 7d avg +0.013%

Together, before fees+0.126%+ Points / potential airdropHyperliquid: Season 2 · farm board+$13 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid JUP	0.2980	0.0168	pay 0.0021% / 1h	56m 26s	$19.2M	$13.3M	10x
Short	Polymarket Perps JUP-USD	0.2981	0.0100	get 0.0013% / 1h	56m 26s	$94K	$130K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Hyperliquid. 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 HyperliquidbpFee Polymarket PerpsbpOrdersPrice spread, now +0.027%Rate

Funding earned: −$14.23
Price spread: +0.027% → +0.013%: $1.37
Slippage, 4 orders: −$37.01
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$66.87
Costs to cover: 0.540%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 6 min ago; Polymarket Perps: live order book, 20 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 Hyperliquid live order book, 6 min ago	0.34 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 20 min ago	3.04 bp	16.6 bp −$17	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	−0.4371%	1h	0.2935	−1.510%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0398% / S +0.0663%	1h	0.2977	−0.097%	$15K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2975	−0.163%	$602K	$618K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2975	−0.158%	$283K	$169K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2975	−0.158%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2976	−0.135%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0046%	4h	0.2973	−0.235%	$749K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2974	−0.215%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0062%	4h	0.2973	−0.235%	$16.3M	$23.0M	50x	as long as short
01 Exchange JUPUSD	+0.0080%	1h	0.2977	−0.114%	$26K	$19K	5x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex JUP-USD-PERP	+0.0080%	8h	0.2975	−0.159%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2978	−0.064%	$798K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2973	−0.227%	$614K	$667K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2977	−0.115%	$107K	$356K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2975	−0.157%	$16.4M	$53.8M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2973	−0.235%	$4.0M	$16.5M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2975	−0.168%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2977	−0.101%	$4.3M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2976	−0.134%	$5.7M	$8.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2974	−0.201%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2975	−0.154%	$985K	$248K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2961	−0.634%	$715K	$1.0M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2966	−0.470%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2969	−0.369%	$158K	$320K	50x	as long as short
Polymarket Perps JUP-USDshort	+0.0100%	1h	0.2981	+0.027%	$94K	$130K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2976	−0.134%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2965	−0.503%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2977	−0.101%	$2.9M	$4.0M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2966	−0.470%	$58K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2976	−0.145%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0109%	4h	0.2976	−0.134%	$846K	$329K	50x	as long as short
Hyperliquid JUPlong	+0.0168%	1h	0.2980	long leg	$19.2M	$13.3M	10x
Phoenix JUP	+0.0190%	1h	0.2973	−0.228%	$97K	$479K	10x	as long as short
dYdX JUP-USD	+0.0192%	1h	0.2976	−0.148%	$39K	$35K	5x	as long as short
Extended JUP-USD	+0.0208%	1h	0.2973	−0.237%	$2.2M	$505K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.2977	−0.097%	$74K	$95K	50x	as long as short