Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRnext payment −$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Nado against Polymarket Perps−0.118%7-day average −0.134% · you buy dearer than you sell

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−$570.573% of the position

Long on Polymarket Perps Short on Nado

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 3 days (all we have)+0.017%+$2 · spread now −0.118%, 7d avg −0.134%

Together, before fees+0.014%+ Points / potential airdropNado: Active · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps JUP-USD	0.3004	0.0100	pay 0.0013% / 1h	35m 08s	$95K	$116K	10x
Short	Nado JUP-PERP	0.3000	0.0100	get 0.0012% / 1h	35m 08s	$622K	$631K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now −0.118%Rate

Funding earned: $0
Price spread: −0.118% → −0.134%: $1.58
Slippage, 4 orders: −$42.31
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$55.73
Costs to cover: 0.573%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 37 min ago; Nado: live order book, 38 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, 37 min ago	10.25 bp	14.6 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 38 min ago	2.19 bp	9.0 bp −$9	41.8 bp −$418	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	−0.4634%	1h	0.2959	−1.491%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0356%	1h	0.3003	−0.011%	$286K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0210% / S +0.0573%	1h	0.3001	−0.104%	$17K	—	100x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0116%	1h	0.3001	−0.107%	$55K	$16K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0101%	1h	0.3002	−0.059%	$604K	$537K	20x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.3002	−0.046%	$17K	—	150x	as long as short
OKX JUP-USDT-SWAP	+0.0008%	4h	0.3000	−0.127%	$4.1M	$16.0M	50x	as long as short
01 Exchange JUPUSD	+0.0008%	1h	0.3002	−0.057%	$27K	$19K	5x	as long as short
dYdX JUP-USD	+0.0040%	1h	0.3006	+0.057%	$39K	$32K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2998	−0.192%	—	—	20x	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	+0.0082%	8h	0.3004	+0.022%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.3003	−0.027%	$754K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.3002	−0.060%	$31K	$46K	10x	as long as short
Nado JUP-PERPshort	+0.0100%	1h	0.3000	−0.118%	$622K	$631K	10x
Hyperliquid JUP	+0.0100%	1h	0.3006	+0.083%	$19.3M	$12.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.3003	−0.028%	$116K	$334K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.3001	−0.093%	$16.5M	$50.2M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2998	−0.186%	$16.4M	$21.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.3002	−0.060%	$757K	$1.6M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.3000	−0.127%	$7.9M	$7.3M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.3002	−0.060%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.3003	−0.027%	$5.9M	$7.1M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.3000	−0.127%	—	$21.0M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.3003	−0.033%	$994K	$230K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.3001	−0.092%	$727K	$776K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2993	−0.360%	$1.7M	$3.7M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.3004	+0.007%	$160K	$311K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.3004	long leg	$95K	$116K	10x
HTX JUP-USDT	+0.0100%	4h	0.2995	−0.293%	$113K	$56K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.3006	+0.073%	$2.9M	$3.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2997	−0.226%	$62K	$8K	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2998	−0.197%	$2.2M	$492K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2999	−0.143%	$41K	—	3x	as long as short
BloFin JUP-USDT	+0.0125%	4h	0.3001	−0.093%	$849K	$315K	50x	as long as short
Phoenix JUP	+0.0214%	1h	0.3005	+0.050%	$98K	$469K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.3003	−0.027%	$75K	$88K	50x	as long as short