Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against Nado+0.078%7-day average +0.136% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$510.507% of the position

Long on Nado Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now +0.078%, 7d avg +0.136%

Together, before fees+0.026%+ Points / potential airdropNado: Active · farm board+$3 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 0.057% cheaper against Nado than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.136%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado JUP-PERP	0.2937	0.0100	pay 0.0012% / 1h	5m 45s	$573K	$490K	10x
Short	Polymarket Perps JUP-USD	0.2939	0.0100	get 0.0013% / 1h	5m 45s	$92K	$105K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Nado. 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 NadobpFee Polymarket PerpsbpOrdersPrice spread, now +0.078%Rate

Funding earned: $0
Price spread: +0.078% → +0.136%: −$5.74
Slippage, 4 orders: −$35.7
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$56.43
Costs to cover: 0.507%
Break-even: 5797960162158746.0 days

Slippage from Nado: live order book, 37 min ago; Polymarket Perps: live order book, 36 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 Nado live order book, 37 min ago	3.07 bp	10.0 bp −$10	38.2 bp −$382	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 36 min ago	10.72 bp	15.2 bp −$15	15.4 bp −$154	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	−0.5000%	1h	0.2904	−1.124%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2938	+0.037%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2937	+0.002%	$280K	$138K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2937	+0.006%	—	—	150x	as long as short
dYdX JUP-USD	+0.0033%	1h	0.2935	−0.054%	$39K	$16K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2936	−0.025%	—	—	20x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0091%	1h	0.2935	−0.082%	$53K	$17K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2936	−0.041%	$760K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2936	−0.021%	$9K	$11K	10x	as long as short
Nado JUP-PERPlong	+0.0100%	1h	0.2937	long leg	$573K	$490K	10x

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2936	−0.037%	$18.1M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2936	−0.043%	$106K	$280K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2933	−0.137%	$16.1M	$38.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2931	−0.194%	$15.9M	$17.4M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2933	−0.136%	$4.1M	$10.4M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2934	−0.102%	$701K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2935	−0.068%	$6.7M	$5.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2937	0.000%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2936	−0.034%	$5.8M	$5.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2935	−0.068%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2936	−0.048%	$971K	$227K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2934	−0.103%	$711K	$531K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2937	0.000%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2936	−0.034%	$162K	$254K	50x	as long as short
Polymarket Perps JUP-USDshort	+0.0100%	1h	0.2939	+0.078%	$92K	$105K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2938	+0.034%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2931	−0.204%	$110K	$43K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2934	−0.085%	$61K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2934	−0.102%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0208%	1h	0.2939	+0.078%	$26K	$6K	5x	as long as short
Phoenix JUP	+0.0244%	1h	0.2938	+0.037%	$98K	$285K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2940	+0.119%	$74K	$48K	50x	as long as short
Extended JUP-USD	+0.0320%	1h	0.2934	−0.114%	$2.2M	$572K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2937	0.000%	$822K	$374K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0375%	1h	0.2936	−0.019%	$579K	$418K	20x	as long as short
Phemex JUPUSDT	+0.0479%	4h	0.2940	+0.102%	$2.9M	$3.0M	50x	as long as short