Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against KuCoin+0.204%7-day average +0.085% · you sell dearer than you buy

Net, funding: paid 7d − costs−$138as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$1191.189% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.190%−$19 on $10k

Price spread, last 4 days (all we have)+0.371%+$37 · spread now +0.204%, 7d avg +0.085%

Together, before fees+0.181%+$18 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 0.120% dearer against KuCoin than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.085%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin JUPUSDTM	0.2936	0.0100	pay 0.0050% / 4h	1h 54m	$4.0M	$7.0M	50x
Short	Polymarket Perps JUP-USD	0.2942	0.0100	get 0.0013% / 1h	54m 12s	$93K	$105K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against KuCoin. 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 KuCoinbpFee Polymarket PerpsbpOrdersPrice spread, now +0.204%Rate

Funding earned: $0
Price spread: +0.204% → +0.085%: $11.97
Slippage, 4 orders: −$98.89
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$106.92
Costs to cover: 1.189%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Polymarket Perps: live order book, 55 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 KuCoin live order book, 2 min ago	6.80 bp	53.3 bp −$53	135.4 bp −$1,354	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 55 min ago	3.02 bp	15.7 bp −$16	16.6 bp −$166	doesn't fit	doesn't fit

JUP on 36 exchanges

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
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2940	+0.129%	$16K	—	100x	as long as short
Pacifica JUP	−0.0134%	1h	0.2937	+0.018%	$280K	$129K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0125%	1h	0.2935	−0.020%	$54K	$9K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.2936	0.000%	$18K	—	150x	as long as short
ApeX Omni JUPUSDT	+0.0056%	1h	0.2951	+0.511%	$163K	$234K	50x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2934	−0.075%	—	—	20x	as long as short
BloFin JUP-USDT	+0.0084%	4h	0.2943	+0.238%	$822K	$365K	50x	as long as short
01 Exchange JUPUSD	+0.0088%	1h	0.2939	+0.109%	$26K	$2K	5x	as long as short
Lighter JUP	+0.0096%	1h	0.2937	+0.044%	$758K	$949K	10x	as long as short
Paradex JUP-USD-PERP	+0.0098%	8h	0.2937	+0.028%	$9K	$9K	10x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado JUP-PERP	+0.0100%	1h	0.2936	0.000%	$577K	$475K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2938	+0.061%	$17.8M	$8.9M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2938	+0.077%	$100K	$289K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2936	−0.009%	$16.1M	$36.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2934	−0.068%	$15.9M	$16.3M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2935	−0.034%	$4.0M	$9.6M	50x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2934	−0.068%	$687K	$952K	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2937	+0.034%	$8.0M	$5.2M	200x	as long as short
KuCoin JUPUSDTMlong	+0.0100%	4h	0.2936	long leg	$4.0M	$7.0M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2938	+0.068%	$5.8M	$4.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2936	0.000%	—	$21.4M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2940	+0.153%	$991K	$236K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2940	+0.128%	$711K	$312K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2945	+0.303%	$1.6M	$4.0M	10x	as long as short
Polymarket Perps JUP-USDshort	+0.0100%	1h	0.2942	+0.204%	$93K	$105K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2936	0.000%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2928	−0.272%	$111K	$57K	20x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2944	+0.290%	$61K	−$0	10x	as long as short
Extended JUP-USD	+0.0104%	1h	0.2933	−0.118%	$2.2M	$543K	25x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2934	−0.068%	$40K	—	3x	as long as short
Phemex JUPUSDT	+0.0302%	4h	0.2940	+0.136%	$2.9M	$2.8M	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2936	−0.007%	$80K	$56K	50x	as long as short
Phoenix JUP	+0.0318%	1h	0.2948	+0.422%	$97K	$269K	10x	as long as short
Kraken Futures PF_JUPUSD	+0.0529%	1h	0.2937	+0.051%	$577K	$392K	20x	as long as short
dYdX JUP-USD	+0.1738%	1h	0.2938	+0.072%	$39K	$10K	5x	as long as short
Injective JUP/USDC PERP	+0.4474%	1h	0.3020	+2.861%	$3K	$205K	5.5x	as long as short