Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against Polymarket Perps−0.024%7-day average −0.134% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$590.588% of the position

Long on Polymarket Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 4 days (all we have)−0.372%−$37 · spread now −0.024%, 7d avg −0.134%

Together, before fees−0.145%−$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: Bitget is 0.110% dearer against Polymarket Perps than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.134%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps JUP-USD	0.2896	0.0100	pay 0.0013% / 1h	23m 19s	$91K	$104K	10x
Short	Bitget JUPUSDT	0.2895	0.0100	get 0.0050% / 4h	2h 23m	$5.7M	$5.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.024%Rate

Funding earned: $0
Price spread: −0.024% → −0.134%: $11
Slippage, 4 orders: −$38.83
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$47.82
Costs to cover: 0.588%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 23 min ago; Bitget: live order book, 5 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, 23 min ago	3.05 bp	14.4 bp −$14	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	5.18 bp	15.2 bp −$15	34.3 bp −$343	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	−0.4499%	1h	0.2910	+0.494%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2893	−0.099%	$16K	—	100x	as long as short
Pacifica JUP	−0.0230%	1h	0.2893	−0.086%	$276K	$142K	10x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2893	−0.083%	$52K	$17K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2894	−0.070%	—	—	150x	as long as short
dYdX JUP-USD	+0.0011%	1h	0.2897	+0.061%	$38K	$20K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2892	−0.118%	—	—	20x	as long as short
Lighter JUP	+0.0096%	1h	0.2896	0.000%	$754K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2892	−0.126%	$9K	$11K	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2892	−0.136%	$573K	$493K	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	0.2894	−0.073%	$18.0M	$9.0M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2894	−0.059%	$107K	$280K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2893	−0.107%	$15.9M	$39.7M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2892	−0.138%	$15.6M	$17.9M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2893	−0.093%	$4.0M	$10.8M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2909	+0.475%	$61K	−$0	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2892	−0.128%	$714K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2892	−0.128%	$6.7M	$6.1M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2894	−0.059%	$3.9M	$6.6M	50x	as long as short
Bitget JUPUSDTshort	+0.0100%	4h	0.2895	−0.024%	$5.7M	$5.2M	75x
BingX JUP-USDT	+0.0100%	4h	0.2893	−0.093%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2896	+0.024%	$955K	$190K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2892	−0.127%	$702K	$630K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2899	+0.109%	$1.6M	$4.0M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2892	−0.128%	$159K	$255K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2896	long leg	$91K	$104K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2894	−0.059%	$33K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2889	−0.231%	$109K	$44K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2892	−0.128%	$39K	—	3x	as long as short
01 Exchange JUPUSD	+0.0120%	1h	0.2893	−0.086%	$26K	$10K	5x	as long as short
Extended JUP-USD	+0.0136%	1h	0.2892	−0.138%	$2.1M	$527K	25x	as long as short
Kraken Futures PF_JUPUSD	+0.0261%	1h	0.2895	−0.026%	$571K	$463K	20x	as long as short
Phoenix JUP	+0.0271%	1h	0.2899	+0.107%	$97K	$280K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0280%	1h	0.2909	+0.463%	$74K	$48K	50x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2893	−0.093%	$818K	$372K	50x	as long as short
Phemex JUPUSDT	+0.0481%	4h	0.2899	+0.114%	$2.8M	$3.0M	50x	as long as short