Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against Polymarket Perps−0.148%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$1000.998% of the position

Long on Polymarket Perps Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.186%+$19 on $10k

Price spread, last 3 days (all we have)−0.204%−$20 · spread now −0.148%, 7d avg −0.085%

Together, before fees−0.018%−$2 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: KuCoin is 0.063% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$6 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	Polymarket Perps JUP-USD	0.2981	0.0100	pay 0.0013% / 1h	22m 23s	$94K	$125K	10x
Short	KuCoin JUPUSDTM	0.2977	0.0100	get 0.0050% / 4h	22m 23s	$4.2M	$6.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.148%Rate

Funding earned: $0
Price spread: −0.148% → −0.085%: −$6.31
Slippage, 4 orders: −$79.78
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$106.09
Costs to cover: 0.998%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 54 min ago; KuCoin: live order book, 1 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, 54 min ago	3.04 bp	15.0 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 1 min ago	3.36 bp	31.6 bp −$32	110.5 bp −$1,105	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	−0.4371%	1h	0.2950	−1.053%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2979	−0.072%	$16K	—	100x	as long as short
Kraken Futures PF_JUPUSD	−0.0209%	1h	0.2973	−0.287%	$599K	$597K	20x	as long as short
Pacifica JUP	−0.0199%	1h	0.2971	−0.349%	$283K	$167K	10x	as long as short
Bybit JUPUSDT	−0.0054%	4h	0.2976	−0.181%	$16.2M	$22.4M	50x	as long as short
01 Exchange JUPUSD	0.0000%	1h	0.2976	−0.184%	$26K	$19K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2980	−0.057%	$56K	$14K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0002% / S −0.0001%	1h	0.2979	−0.078%	$17K	—	150x	as long as short
Gate JUP_USDT	+0.0048%	4h	0.2973	−0.282%	$742K	$1.8M	75x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2976	−0.194%	—	—	20x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX JUP-USD	+0.0057%	1h	0.2971	−0.364%	$39K	$33K	5x	as long as short
Variational Omni JUP	+0.0075%	4h	0.2975	−0.209%	$720K	$880K	—	as long as short
Paradex JUP-USD-PERP	+0.0085%	8h	0.2974	−0.264%	$9K	$13K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2973	−0.282%	$794K	$1.4M	10x	as long as short
OKX JUP-USDT-SWAP	+0.0097%	4h	0.2976	−0.181%	$4.1M	$16.3M	50x	as long as short
Orderly PERP_JUP_USDC	+0.0099%	4h	0.2979	−0.080%	$31K	$48K	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2977	−0.156%	$115K	$361K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2978	−0.103%	$16.4M	$52.6M	75x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2981	−0.011%	$58K	$2K	10x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2973	−0.282%	$8.1M	$7.7M	200x	as long as short
KuCoin JUPUSDTMshort	+0.0100%	4h	0.2977	−0.148%	$4.2M	$6.9M	50x
Bitget JUPUSDT	+0.0100%	4h	0.2978	−0.114%	$5.8M	$7.5M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2977	−0.148%	—	$20.9M	—	as long as short
Backpack JUP_USDC_PERP	+0.0100%	1h	0.2971	−0.335%	$983K	$238K	10x	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2982	+0.014%	$1.7M	$3.8M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2975	−0.215%	$158K	$319K	50x	as long as short
Nado JUP-PERP	+0.0100%	1h	0.2974	−0.240%	$614K	$654K	10x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2981	long leg	$94K	$125K	10x
HTX JUP-USDT	+0.0100%	4h	0.2962	−0.651%	$111K	$65K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2975	−0.215%	$2.9M	$3.9M	50x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2977	−0.164%	$41K	—	3x	as long as short
Hyperliquid JUP	+0.0124%	1h	0.2981	0.000%	$19.2M	$13.0M	10x	as long as short
BloFin JUP-USDT	+0.0139%	4h	0.2969	−0.416%	$848K	$319K	50x	as long as short
Phoenix JUP	+0.0162%	1h	0.2984	+0.074%	$97K	$479K	10x	as long as short
Extended JUP-USD	+0.0232%	1h	0.2973	−0.298%	$2.2M	$507K	25x	as long as short
Coinbase International JUP-PERP-INTX	+0.0256%	1h	0.3000	+0.637%	$75K	$92K	50x	as long as short