Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.001%

Price spread now: Polymarket Perps against Paradex+0.351%48s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Polymarket Perps is 0.351% dearer against Paradex than usual: you sell high and buy low: +$35 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex JUP-USD-PERP	0.2971	0.0086	pay 0.0086% / 8h	25m 35s	$9K	$13K	10x
Short	Polymarket Perps JUP-USD	0.2982	0.0100	get 0.0013% / 1h	25m 35s	$94K	$129K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Paradex. 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 ParadexbpFee Polymarket PerpsbpOrdersPrice spread, now +0.351%Rate

Funding earned: $2.88
Price spread: +0.351% → 0.000%: $35.08
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $25.97
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Polymarket Perps: live order book, 51 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 Paradex no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 51 min ago	3.04 bp	16.6 bp −$17	doesn't fit	doesn't fit	doesn't fit

Paradex: 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	−0.4371%	1h	0.2950	−0.713%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2977	+0.191%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2978	+0.215%	$600K	$597K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2972	+0.027%	$283K	$167K	10x	as long as short
Bybit JUPUSDT	−0.0061%	4h	0.2970	−0.040%	$16.2M	$22.6M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0052%	1h	0.2976	+0.152%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2977	+0.213%	$17K	—	150x	as long as short
01 Exchange JUPUSD	+0.0016%	1h	0.2970	−0.023%	$26K	$19K	5x	as long as short
Gate JUP_USDT	+0.0044%	4h	0.2970	−0.040%	$744K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2974	+0.108%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0062%	1h	0.2973	+0.078%	$39K	$33K	5x	as long as short
Variational Omni JUP	+0.0075%	4h	0.2975	+0.134%	$720K	$880K	—	as long as short
Paradex JUP-USD-PERPlong	+0.0086%	8h	0.2971	long leg	$9K	$13K	10x
Lighter JUP	+0.0096%	1h	0.2974	+0.078%	$795K	$1.4M	10x	as long as short
BloFin JUP-USDT	+0.0099%	4h	0.2981	+0.331%	$851K	$327K	50x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2976	+0.162%	$31K	$48K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2972	+0.028%	$613K	$657K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2975	+0.129%	$115K	$361K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2970	−0.040%	$16.3M	$53.3M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2969	−0.073%	$4.1M	$16.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2981	+0.334%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2973	+0.061%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2976	+0.162%	$4.2M	$7.0M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2971	−0.006%	$5.8M	$8.0M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2970	−0.040%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2975	+0.132%	$985K	$242K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2982	+0.358%	$1.7M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2983	+0.398%	$159K	$319K	50x	as long as short
Polymarket Perps JUP-USDshort	+0.0100%	1h	0.2982	+0.351%	$94K	$129K	10x
HTX JUP-USDT	+0.0100%	4h	0.2973	+0.061%	$112K	$66K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2982	+0.364%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2972	+0.035%	$41K	—	3x	as long as short
Hyperliquid JUP	+0.0126%	1h	0.2979	+0.251%	$19.2M	$13.1M	10x	as long as short
Phoenix JUP	+0.0162%	1h	0.2986	+0.496%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0248%	1h	0.2969	−0.082%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.984%	$75K	$93K	50x	as long as short