JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h −0.015%

Price spread now: Polymarket Perps against Phoenix+0.017%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$91as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on Phoenix Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.297%−$30 on $10k

Price spread, last 3 days (all we have)−0.150%−$15 · spread now +0.017%, 7d avg −0.008%

Together, before fees−0.447%−$45 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.025% dearer against Phoenix than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.008%. Mind the row above: over the last 7 days funding on this pair cost −0.297%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix JUP	0.2986	0	get 0.0000% / 1h	20m 46s	$95K	$447K	10x
Short	Polymarket Perps JUP-USD	0.2987	0.0100	get 0.0013% / 1h	20m 46s	$94K	$138K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Phoenix. 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 PhoenixbpFee Polymarket PerpsbpOrdersPrice spread, now +0.017%Rate

Funding earned: $21
Price spread: +0.017% → −0.008%: $2.51
Slippage, 4 orders: −$46.09
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$37.58
Costs to cover: 0.611%
Break-even: 19.5 days

Slippage from Phoenix: live order book, 66 min ago; Polymarket Perps: live order book, 1 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 Phoenix live order book, 66 min ago	2.51 bp	14.3 bp −$14	28.9 bp −$289	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	11.22 bp	15.2 bp −$15	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	−0.5000%	1h	0.2933	−1.785%	$3K	$154K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0853% / S +0.0321%	1h	0.2979	−0.249%	$13K	—	100x	as long as short
Bybit JUPUSDT	−0.0091%	4h	0.2975	−0.362%	$16.3M	$24.1M	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0018%	1h	0.2979	−0.251%	$56K	$14K	10x	as long as short
Phoenix JUPlong	0.0000%	1h	0.2986	long leg	$95K	$447K	10x
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2980	−0.205%	$17K	—	150x	as long as short
Kraken Futures PF_JUPUSD	+0.0009%	1h	0.2979	−0.229%	$604K	$624K	20x	as long as short
dYdX JUP-USD	+0.0031%	1h	0.2983	−0.115%	$39K	$36K	5x	as long as short
Gate JUP_USDT	+0.0042%	4h	0.2977	−0.311%	$741K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2977	−0.308%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange JUPUSD	+0.0064%	1h	0.2983	−0.097%	$26K	$19K	5x	as long as short
BloFin JUP-USDT	+0.0067%	4h	0.2981	−0.177%	$858K	$331K	50x	as long as short
Paradex JUP-USD-PERP	+0.0093%	8h	0.2980	−0.211%	$9K	$15K	10x	as long as short
Variational Omni JUP	+0.0094%	4h	0.2982	−0.131%	$728K	$1.2M	—	as long as short
Lighter JUP	+0.0096%	1h	0.2979	−0.241%	$869K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2979	−0.244%	$31K	$51K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2980	−0.203%	$601K	$671K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2980	−0.208%	$19.1M	$14.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2980	−0.217%	$107K	$367K	10x	as long as short
Pacifica JUP	+0.0100%	1h	0.2981	−0.175%	$284K	$183K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2978	−0.283%	$16.5M	$56.4M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2977	−0.311%	$4.1M	$16.8M	50x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2979	−0.244%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2980	−0.211%	$4.5M	$7.2M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2977	−0.311%	$5.7M	$8.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2978	−0.278%	—	$21.0M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2979	−0.244%	$987K	$266K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2982	−0.130%	$1.6M	$4.2M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2981	−0.177%	$158K	$319K	50x	as long as short
Polymarket Perps JUP-USDshort	+0.0100%	1h	0.2987	+0.017%	$94K	$138K	10x
HTX JUP-USDT	+0.0100%	4h	0.2974	−0.412%	$112K	$69K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2984	−0.077%	$2.9M	$4.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2982	−0.144%	$58K	$4K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2977	−0.305%	$41K	—	3x	as long as short
Coinbase International JUP-PERP-INTX	+0.0248%	1h	0.2989	+0.107%	$74K	$95K	50x	as long as short
Extended JUP-USD	+0.0264%	1h	0.2976	−0.340%	$2.2M	$539K	25x	as long as short