JUP

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC+0.0288%/8h= +31.5% APRnext payment +$0.36 per $10,000 · paid last 24h +0.029%

Price spread now: Kraken Futures against Polymarket Perps−0.032%7-day average −0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs+$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$91as in the Price arb table

costs, in and out, $10k−$890.886% of the position

Long on Polymarket Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.918%+$92 on $10k

Price spread, last 4 days (all we have)+0.521%+$52 · spread now −0.032%, 7d avg −0.003%

Together, before fees+1.439%+$144 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.028% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of −0.003%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$9 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps JUP-USD	0.2980	0.0100	pay 0.0013% / 1h	54m 56s	$94K	$105K	10x
Short	Kraken Futures PF_JUPUSD	0.2979	0.0388	get 0.0048% / 1h	54m 56s	$586K	$397K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.032%Rate

Funding earned: $60.43
Price spread: −0.032% → −0.003%: −$2.83
Slippage, 4 orders: −$70.6
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$31
Costs to cover: 0.886%
Break-even: 10.6 days

Slippage from Polymarket Perps: live order book, 8 min ago; Kraken Futures: live order book, 38 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, 8 min ago	8.12 bp	14.4 bp −$14	15.0 bp −$150	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 38 min ago	22.15 bp	27.1 bp −$27	64.3 bp −$643	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	−0.3614%	1h	0.3025	+1.513%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0340% / S +0.0664%	1h	0.2977	−0.096%	$16K	—	100x	as long as short
ApeX Omni JUPUSDT	−0.0330%	1h	0.3001	+0.708%	$165K	$250K	50x	as long as short
Deribit JUP_USDC-PERPETUAL	−0.0119%	1h	0.2977	−0.104%	$53K	$8K	10x	as long as short
Pacifica JUP	−0.0028%	1h	0.2979	−0.042%	$284K	$131K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2978	−0.051%	$39K	$16K	5x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S 0.0000%	1h	0.3023	+1.451%	$18K	—	150x	as long as short
01 Exchange JUPUSD	+0.0056%	1h	0.2975	−0.158%	$26K	$2K	5x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2975	−0.160%	—	—	20x	as long as short
Paradex JUP-USD-PERP	+0.0095%	8h	0.2974	−0.194%	$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
Lighter JUP	+0.0096%	1h	0.2978	−0.070%	$764K	$1.0M	10x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2974	−0.181%	$578K	$484K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2979	−0.034%	$18.4M	$8.7M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2977	−0.107%	$103K	$293K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2972	−0.252%	$16.5M	$38.0M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2971	−0.292%	$16.1M	$16.7M	50x	as long as short
OKX JUP-USDT-SWAP	+0.0100%	4h	0.2972	−0.265%	$4.1M	$10.2M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.3002	+0.728%	$62K	$2K	10x	as long as short
Gate JUP_USDT	+0.0100%	4h	0.2975	−0.164%	$708K	$1.3M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2974	−0.198%	$7.9M	$5.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2977	−0.097%	$4.1M	$6.8M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2975	−0.164%	$5.9M	$4.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2973	−0.232%	—	$20.6M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2975	−0.171%	$990K	$226K	10x	as long as short
Variational Omni JUP	+0.0100%	4h	0.2988	+0.286%	$723K	$470K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.3003	+0.782%	$1.7M	$4.0M	10x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2980	long leg	$94K	$105K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2977	−0.097%	$34K	$29K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2968	−0.399%	$113K	$51K	20x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2976	−0.117%	$41K	—	3x	as long as short
Extended JUP-USD	+0.0112%	1h	0.2972	−0.279%	$2.2M	$543K	25x	as long as short
Phemex JUPUSDT	+0.0228%	4h	0.2983	+0.104%	$2.9M	$2.9M	50x	as long as short
Phoenix JUP	+0.0272%	1h	0.2999	+0.654%	$104K	$265K	10x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2984	+0.138%	$840K	$380K	50x	as long as short
Coinbase International JUP-PERP-INTX	+0.0360%	1h	0.2980	+0.010%	$77K	$52K	50x	as long as short
Kraken Futures PF_JUPUSDshort	+0.0388%	1h	0.2979	−0.032%	$586K	$397K	20x