Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0026%/8h= −2.8% APRpaid last 24h −0.001%

Price spread now: Paradex against Polymarket Perps−0.162%7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on Paradex

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 against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.162% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$16 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps JUP-USD	0.2960	0.0100	pay 0.0013% / 1h	15m 03s	$93K	$132K	10x
Short	Paradex JUP-USD-PERP	0.2955	0.0074	get 0.0074% / 8h	1h 15m	$9K	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.162%Rate

Funding earned: −$5.41
Price spread: −0.162% → 0.000%: −$16.25
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$33.66
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 2 min ago; Paradex: no order-book sample. 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 Polymarket Perps live order book, 2 min ago	3.04 bp	15.0 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	−0.3508%	1h	0.2911	−1.652%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0473% / S +0.0334%	1h	0.2956	−0.126%	$15K	—	100x	as long as short
Pacifica JUP	−0.0335%	1h	0.2955	−0.153%	$282K	$171K	10x	as long as short
Kraken Futures PF_JUPUSD	−0.0176%	1h	0.2958	−0.049%	$599K	$616K	20x	as long as short
01 Exchange JUPUSD	−0.0008%	1h	0.2958	−0.078%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2957	−0.101%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2956	−0.130%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0008%	4h	0.2955	−0.166%	$746K	$1.9M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2953	−0.221%	—	—	20x	as long as short
Bybit JUPUSDT	+0.0072%	4h	0.2954	−0.189%	$16.2M	$23.2M	50x	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-PERPshort	+0.0074%	8h	0.2955	−0.162%	$9K	$13K	10x
Lighter JUP	+0.0096%	1h	0.2960	−0.010%	$794K	$1.3M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2954	−0.208%	$611K	$670K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	+0.122%	$19.1M	$13.5M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2959	−0.040%	$106K	$359K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2958	−0.064%	$16.3M	$54.5M	75x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2956	−0.132%	$4.0M	$16.5M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2959	−0.030%	$57K	$3K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2957	−0.098%	$8.1M	$8.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2960	+0.003%	$4.3M	$7.1M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2956	−0.132%	$5.6M	$8.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2957	−0.098%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2959	−0.041%	$979K	$255K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2952	−0.279%	$713K	$1.1M	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2957	−0.098%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2956	−0.132%	$157K	$320K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2960	long leg	$93K	$132K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2956	−0.132%	$31K	$49K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2949	−0.368%	$111K	$67K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2964	+0.139%	$2.9M	$4.0M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2957	−0.111%	$40K	—	3x	as long as short
BloFin JUP-USDT	+0.0119%	4h	0.2959	−0.030%	$846K	$327K	50x	as long as short
dYdX JUP-USD	+0.0136%	1h	0.2957	−0.110%	$39K	$35K	5x	as long as short
Extended JUP-USD	+0.0184%	1h	0.2953	−0.245%	$2.2M	$503K	25x	as long as short
Phoenix JUP	+0.0190%	1h	0.2959	−0.044%	$95K	$441K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0264%	1h	0.2961	+0.037%	$74K	$94K	50x	as long as short