Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%

Price spread now: Aster against Polymarket Perps−0.218%7-day average −0.091% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$660.658% of the position

Long on Polymarket Perps Short on Aster

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.135%−$13 · spread now −0.218%, 7d avg −0.091%

Together, before fees−0.135%+ Points / potential airdropAster: Stage 5 · farm board−$14 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: Aster is 0.127% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.091%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps JUP-USD	0.2931	0.0100	pay 0.0013% / 1h	37m 26s	$93K	$104K	10x
Short	Aster JUPUSDT	0.2925	0.0100	get 0.0050% / 4h	1h 37m	$106K	$283K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.218%Rate

Funding earned: $0
Price spread: −0.218% → −0.091%: −$12.73
Slippage, 4 orders: −$49.82
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Aster: 4 bp × 2 orders: −$8
Net: −$78.55
Costs to cover: 0.658%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; Aster: live order book, 4 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 Polymarket Perps live order book, 4 min ago	10.72 bp	15.0 bp −$15	17.7 bp −$177	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	3.41 bp	15.3 bp −$15	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	0.2900	−1.071%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2927	−0.144%	$16K	—	100x	as long as short
Pacifica JUP	−0.0041%	1h	0.2925	−0.223%	$279K	$140K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2926	−0.171%	$53K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2925	−0.208%	—	—	150x	as long as short
dYdX JUP-USD	+0.0010%	1h	0.2924	−0.238%	$39K	$18K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2926	−0.183%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2928	−0.133%	$759K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2926	−0.180%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2927	−0.167%	$574K	$491K	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	0.2928	−0.102%	$18.1M	$9.0M	10x	as long as short
Aster JUPUSDTshort	+0.0100%	4h	0.2925	−0.218%	$106K	$283K	10x
Binance JUPUSDT	+0.0100%	4h	0.2926	−0.190%	$16.1M	$39.6M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2924	−0.252%	$15.9M	$17.8M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2926	−0.184%	$4.0M	$10.7M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2928	−0.116%	$61K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2925	−0.218%	$700K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2925	−0.218%	$6.7M	$5.6M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2925	−0.218%	$4.0M	$6.7M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2926	−0.184%	$5.8M	$5.2M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2925	−0.218%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2926	−0.191%	$968K	$229K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2926	−0.168%	$710K	$624K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2932	+0.020%	$1.6M	$4.1M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2931	−0.014%	$162K	$256K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2931	long leg	$93K	$104K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2926	−0.184%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2917	−0.491%	$110K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2924	−0.240%	$40K	—	3x	as long as short
01 Exchange JUPUSD	+0.0128%	1h	0.2929	−0.078%	$26K	$6K	5x	as long as short
Extended JUP-USD	+0.0184%	1h	0.2925	−0.226%	$2.2M	$571K	25x	as long as short
Phoenix JUP	+0.0244%	1h	0.2929	−0.068%	$98K	$285K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0304%	1h	0.2940	+0.310%	$74K	$49K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2925	−0.218%	$826K	$377K	50x	as long as short
Kraken Futures PF_JUPUSD	+0.0376%	1h	0.2927	−0.139%	$578K	$449K	20x	as long as short
Phemex JUPUSDT	+0.0569%	4h	0.2930	−0.048%	$2.9M	$3.0M	50x	as long as short