JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.002%

Price spread now: Variational Omni against Polymarket Perps−0.158%7-day average −0.121% · you buy dearer than you sell

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

Long on Polymarket Perps Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.625%−$62 · spread now −0.158%, 7d avg −0.121%

Together, before fees−0.632%+ Points / potential airdropVariational Omni: Active · farm board−$63 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Variational Omni is 0.037% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.121%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps JUP-USD	0.2972	0.0100	pay 0.0013% / 1h	25m 38s	$94K	$109K	10x
Short	Variational Omni JUP	0.2967	0.0036	get 0.0018% / 4h	2h 25m	$724K	$751K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni against Polymarket Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Variational OmnibpOrdersPrice spread, now −0.158%Rate

Funding earned: −$13.37
Price spread: −0.158% → −0.121%: −$3.7
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$25.07
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Polymarket Perps: live order book, 41 min ago; Variational Omni: RFQ quote, 58 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 Polymarket Perps live order book, 41 min ago	2.99 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Variational Omni RFQ quote, 58 min ago	8.30 bp	doesn't fit	31.5 bp −$315	doesn't fit	doesn't fit

JUP on 35 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	−0.4347%	1h	0.2901	−2.379%	$3K	$206K	5.5x	as long as short
Pacifica JUP	−0.0353%	1h	0.2964	−0.270%	$282K	$148K	10x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0619%	1h	0.2971	−0.036%	$16K	—	100x	as long as short
Bybit JUPUSDT	−0.0191%	4h	0.2963	−0.286%	$15.9M	$20.1M	50x	as long as short
OKX JUP-USDT-SWAP	−0.0049%	4h	0.2965	−0.225%	$4.1M	$14.2M	50x	as long as short
Kraken Futures PF_JUPUSD	−0.0024%	1h	0.2974	+0.067%	$595K	$518K	20x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2970	−0.050%	—	—	150x	as long as short
dYdX JUP-USD	+0.0015%	1h	0.2966	−0.175%	$39K	$29K	5x	as long as short
Variational Omni JUPshort	+0.0036%	4h	0.2967	−0.158%	$724K	$751K	—
Gate JUP_USDT	+0.0040%	4h	0.2967	−0.158%	$736K	$1.5M	75x	as long as short

Show all 35 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya JUPRUSDPERP	+0.0057%	1h	0.2969	−0.081%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0090%	8h	0.2965	−0.237%	$9K	$11K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2968	−0.121%	$784K	$1.3M	10x	as long as short
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2970	−0.057%	$31K	$43K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2968	−0.116%	$603K	$541K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2967	−0.151%	$18.9M	$11.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2971	−0.027%	$115K	$321K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2965	−0.225%	$16.4M	$46.2M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2964	−0.259%	$62K	$8K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2965	−0.225%	$7.4M	$7.0M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2967	−0.158%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2967	−0.158%	$5.8M	$6.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2967	−0.158%	—	$20.8M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2973	+0.040%	$984K	$235K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2951	−0.696%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2954	−0.596%	$157K	$302K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2972	long leg	$94K	$109K	10x
HTX JUP-USDT	+0.0100%	4h	0.2958	−0.461%	$112K	$49K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2968	−0.118%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0112%	1h	0.2968	−0.138%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0154%	1h	0.2972	+0.013%	$55K	$16K	10x	as long as short
Phemex JUPUSDT	+0.0174%	4h	0.2973	+0.044%	$2.9M	$3.5M	50x	as long as short
Phoenix JUP	+0.0188%	1h	0.2960	−0.400%	$97K	$402K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0272%	1h	0.2966	−0.182%	$75K	$51K	50x	as long as short
Extended JUP-USD	+0.0360%	1h	0.2964	−0.252%	$2.2M	$484K	25x	as long as short