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% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against HTX+0.252%7-day average +0.317% · you sell dearer than you buy

Net, funding: paid 7d − costs−$273as in the Funding arb table

Net, price: spread back to 7d avg − costs−$253as in the Price arb table

costs, in and out, $10k−$2472.468% of the position

Long on HTX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.259%−$26 on $10k

Price spread, last 4 days (all we have)−0.315%−$32 · spread now +0.252%, 7d avg +0.317%

Together, before fees−0.574%−$57 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: Polymarket Perps is 0.066% cheaper against HTX than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.317%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX JUP-USDT	0.2978	0.0100	pay 0.0050% / 4h	3h 17m	$115K	$47K	20x
Short	Polymarket Perps JUP-USD	0.2985	0.0100	get 0.0013% / 1h	17m 50s	$94K	$105K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against HTX. 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 HTXbpFee Polymarket PerpsbpOrdersPrice spread, now +0.252%Rate

Funding earned: $0
Price spread: +0.252% → +0.317%: −$6.55
Slippage, 4 orders: −$226.75
Fee HTX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$253.31
Costs to cover: 2.468%
Break-even: never at this rate

Slippage from HTX: live order book, 13 min ago; Polymarket Perps: live order book, 79 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 HTX live order book, 13 min ago	8.55 bp	88.8 bp −$89	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 79 min ago	3.09 bp	14.8 bp −$15	16.8 bp −$168	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	−0.3798%	1h	0.2931	−1.578%	$3K	$205K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2986	+0.255%	$16K	—	100x	as long as short
Pacifica JUP	−0.0070%	1h	0.2984	+0.210%	$285K	$129K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2986	+0.284%	$16K	—	150x	as long as short
dYdX JUP-USD	+0.0052%	1h	0.2990	+0.386%	$40K	$16K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2984	+0.187%	—	—	20x	as long as short
Deribit JUP_USDC-PERPETUAL	+0.0085%	1h	0.2989	+0.369%	$54K	$17K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2991	+0.440%	$774K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0097%	8h	0.2982	+0.151%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2981	+0.109%	$583K	$483K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid JUP	+0.0100%	1h	0.2993	+0.490%	$18.5M	$8.6M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2989	+0.377%	$103K	$284K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2989	+0.369%	$16.3M	$37.4M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2987	+0.302%	$16.2M	$16.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2992	+0.470%	$4.1M	$10.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2987	+0.302%	$708K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2989	+0.369%	$8.0M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2990	+0.403%	$4.2M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2989	+0.369%	$5.9M	$4.4M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2986	+0.269%	—	$20.4M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2989	+0.366%	$991K	$218K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2971	−0.250%	$720K	$466K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2974	−0.133%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2970	−0.269%	$164K	$249K	50x	as long as short
Polymarket Perps JUP-USDshort	+0.0100%	1h	0.2985	+0.252%	$94K	$105K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2988	+0.336%	$34K	$29K	10x	as long as short
HTX JUP-USDTlong	+0.0100%	4h	0.2978	long leg	$115K	$47K	20x
Phemex JUPUSDT	+0.0100%	4h	0.2989	+0.369%	$2.9M	$2.9M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2984	+0.201%	$62K	$2K	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2981	+0.094%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0144%	1h	0.2987	+0.295%	$2.2M	$544K	25x	as long as short
01 Exchange JUPUSD	+0.0224%	1h	0.2987	+0.285%	$26K	$2K	5x	as long as short
Phoenix JUP	+0.0272%	1h	0.2975	−0.104%	$108K	$275K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0274%	1h	0.2989	+0.364%	$589K	$394K	20x	as long as short
Coinbase International JUP-PERP-INTX	+0.0320%	1h	0.2989	+0.363%	$78K	$53K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2982	+0.134%	$825K	$381K	50x	as long as short