Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Polymarket Perps+0.163%63s7-day average −0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$660.662% of the position

Long on Polymarket Perps Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.256%+$26 on $10k

Price spread, last 4 days (all we have)−0.575%−$57 · spread now +0.163%, 7d avg −0.066%

Together, before fees−0.319%−$32 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: ApeX Omni is 0.229% dearer against Polymarket Perps than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.066%. The two prices were read 63 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	Polymarket Perps JUP-USD	0.3011	0.0100	pay 0.0013% / 1h	58m 29s	$95K	$105K	10x
Short	ApeX Omni JUPUSDT	0.3016	0.0100	get 0.0013% / 1h	58m 29s	$166K	$250K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Polymarket Perps. 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 Polymarket PerpsbpFee ApeX OmnibpOrdersPrice spread, now +0.163%Rate

Funding earned: $0
Price spread: +0.163% → −0.066%: $22.92
Slippage, 4 orders: −$48.2
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$43.29
Costs to cover: 0.662%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; ApeX Omni: live order book, 33 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 Polymarket Perps live order book, 4 min ago	8.12 bp	14.4 bp −$14	15.0 bp −$150	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 33 min ago	8.55 bp	16.6 bp −$17	114.7 bp −$1,147	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	−0.3614%	1h	0.3025	+0.462%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.3017	+0.203%	$17K	—	100x	as long as short
Pacifica JUP	−0.0028%	1h	0.3006	−0.164%	$286K	$131K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.3008	−0.110%	$40K	$16K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.3010	−0.046%	$54K	$8K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.3023	+0.400%	$18K	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.3009	−0.055%	—	—	20x	as long as short
01 Exchange JUPUSD	+0.0064%	1h	0.3006	−0.166%	$27K	$2K	5x	as long as short
Bybit JUPUSDT	+0.0094%	4h	0.3001	−0.335%	$16.3M	$16.6M	50x	as long as short
Lighter JUP	+0.0096%	1h	0.3009	−0.060%	$772K	$1.0M	10x	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	+0.0098%	8h	0.3004	−0.224%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.3002	−0.294%	$586K	$480K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.3008	−0.090%	$18.6M	$8.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3006	−0.165%	$104K	$295K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3003	−0.269%	$16.7M	$37.8M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.3002	−0.302%	$4.1M	$10.3M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3016	+0.163%	$63K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3002	−0.302%	$718K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3003	−0.269%	$8.0M	$5.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3004	−0.236%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3005	−0.203%	$5.9M	$4.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3002	−0.302%	—	$20.5M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3011	−0.017%	$998K	$213K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3011	−0.005%	$729K	$470K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3019	+0.262%	$1.7M	$4.0M	10x	as long as short
ApeX Omni JUPUSDTshort	+0.0100%	1h	0.3016	+0.163%	$166K	$250K	50x
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.3011	long leg	$95K	$105K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3004	−0.236%	$34K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.3009	−0.070%	$114K	$51K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3016	+0.163%	$2.9M	$2.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.3008	−0.114%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0160%	1h	0.3002	−0.296%	$2.2M	$543K	25x	as long as short
Phoenix JUP	+0.0272%	1h	0.3025	+0.448%	$109K	$263K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.3016	+0.163%	$837K	$384K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0360%	1h	0.3025	+0.465%	$77K	$52K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0384%	1h	0.3011	+0.007%	$591K	$397K	20x	as long as short