JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0077%/8h= −8.4% APRnext payment −$0.10 per $10,000 · paid last 24h −0.026%

Price spread now: Polymarket Perps against Kraken Futures+0.070%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs−$171as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$790.787% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.921%−$92 on $10k

Price spread, last 4 days (all we have)−0.267%−$27 · spread now +0.070%, 7d avg 0.000%

Together, before fees−1.187%−$119 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.070% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.070% now, against its 7-day average of 0.000%): +$7 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 7 days (−0.921% in total) that is about 13 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_JUPUSD	0.2963	0.0177	pay 0.0022% / 1h	27m 50s	$592K	$467K	20x
Short	Polymarket Perps JUP-USD	0.2965	0.0100	get 0.0013% / 1h	27m 50s	$93K	$105K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Kraken Futures. 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 Kraken FuturesbpFee Polymarket PerpsbpOrdersPrice spread, now +0.070%Rate

Funding earned: −$16.18
Price spread: +0.070% → 0.000%: $7
Slippage, 4 orders: −$60.7
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$87.89
Costs to cover: 0.787%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 25 min ago; Polymarket Perps: live order book, 24 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 Kraken Futures live order book, 25 min ago	16.83 bp	26.4 bp −$26	133.8 bp −$1,338	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 24 min ago	9.78 bp	13.8 bp −$14	doesn't fit	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	−0.5000%	1h	0.2926	−1.247%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2961	−0.080%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2960	−0.100%	$282K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2962	−0.017%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2962	−0.042%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2962	−0.032%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2960	−0.109%	—	—	20x	as long as short
Backpack JUP_USDC_PERP	+0.0060%	1h	0.2961	−0.059%	$978K	$185K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2962	−0.028%	$781K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2960	−0.096%	$9K	$11K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2961	−0.074%	$598K	$488K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2961	−0.052%	$18.6M	$9.2M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2961	−0.065%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2959	−0.133%	$16.2M	$39.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2956	−0.234%	$15.9M	$17.8M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2959	−0.133%	$4.1M	$11.1M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2960	−0.099%	$732K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2959	−0.133%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2960	−0.099%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2961	−0.065%	$5.8M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2959	−0.133%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2965	+0.069%	$723K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2967	+0.147%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	+0.103%	$164K	$254K	50x	as long as short
Polymarket Perps JUP-USDshort	+0.0100%	1h	0.2965	+0.070%	$93K	$105K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2961	−0.065%	$31K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2952	−0.369%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2965	+0.070%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	−0.302%	$61K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	−0.099%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSDlong	+0.0177%	1h	0.2963	long leg	$592K	$467K	20x
01 Exchange JUPUSD	+0.0184%	1h	0.2962	−0.045%	$26K	$17K	5x	as long as short
Phoenix JUP	+0.0216%	1h	0.2967	+0.127%	$98K	$283K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2962	−0.032%	$75K	$50K	50x	as long as short
Extended JUP-USD	+0.0272%	1h	0.2958	−0.170%	$2.2M	$499K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2963	+0.002%	$832K	$376K	50x	as long as short