Funding arb · Price arb /

JUP

all JUP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.020%

Price spread now: OKX against Polymarket Perps−0.074%7-day average −0.159% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$600.597% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.194%+$19 on $10k

Price spread, last 4 days (all we have)−0.374%−$37 · spread now −0.074%, 7d avg −0.159%

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: OKX is 0.085% dearer against Polymarket Perps than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.159%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps JUP-USD	0.2965	0.0100	pay 0.0013% / 1h	29m 15s	$93K	$105K	10x
Short	OKX JUP-USDT-SWAP	0.2963	0.0100	get 0.0050% / 4h	3h 29m	$4.0M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.074%Rate

Funding earned: $0
Price spread: −0.074% → −0.159%: $8.48
Slippage, 4 orders: −$41.7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$51.22
Costs to cover: 0.597%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 22 min ago; OKX: 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, 22 min ago	9.78 bp	15.7 bp −$16	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 4 min ago	3.38 bp	14.2 bp −$14	63.4 bp −$634	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	0.2926	−1.322%	$3K	$206K	5.5x	as long as short
GMX JUP/USD [WBTC.b-USDC]	L −0.0275% / S +0.0618%	1h	0.2963	−0.083%	$16K	—	100x	as long as short
Pacifica JUP	−0.0183%	1h	0.2963	−0.059%	$282K	$146K	10x	as long as short
dYdX JUP-USD	0.0000%	1h	0.2965	+0.009%	$39K	$21K	5x	as long as short
Deribit JUP_USDC-PERPETUAL	0.0000%	1h	0.2963	−0.088%	$54K	$16K	10x	as long as short
gTrade (Gains Network) JUP/USD	L +0.0001% / S −0.0001%	1h	0.2964	−0.035%	—	—	150x	as long as short
Reya JUPRUSDPERP	+0.0057%	1h	0.2961	−0.143%	—	—	20x	as long as short
Backpack JUP_USDC_PERP	+0.0069%	1h	0.2962	−0.111%	$979K	$187K	10x	as long as short
Lighter JUP	+0.0096%	1h	0.2965	−0.010%	$782K	$1.0M	10x	as long as short
Paradex JUP-USD-PERP	+0.0100%	8h	0.2957	−0.284%	$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
Nado JUP-PERP	+0.0100%	1h	0.2962	−0.116%	$598K	$488K	10x	as long as short
Hyperliquid JUP	+0.0100%	1h	0.2964	−0.034%	$18.6M	$9.1M	10x	as long as short
Aster JUPUSDT	+0.0100%	4h	0.2966	+0.017%	$110K	$286K	10x	as long as short
Binance JUPUSDT	+0.0100%	4h	0.2962	−0.108%	$16.3M	$39.9M	75x	as long as short
Bybit JUPUSDT	+0.0100%	4h	0.2962	−0.101%	$16.0M	$17.8M	50x	as long as short
OKX JUP-USDT-SWAPshort	+0.0100%	4h	0.2963	−0.074%	$4.0M	$11.1M	50x
Gate JUP_USDT	+0.0100%	4h	0.2964	−0.040%	$733K	$1.4M	75x	as long as short
MEXC JUP_USDT	+0.0100%	4h	0.2962	−0.108%	$7.3M	$6.2M	200x	as long as short
KuCoin JUPUSDTM	+0.0100%	4h	0.2965	−0.007%	$4.0M	$6.6M	50x	as long as short
Bitget JUPUSDT	+0.0100%	4h	0.2963	−0.074%	$5.8M	$5.3M	75x	as long as short
BingX JUP-USDT	+0.0100%	4h	0.2964	−0.040%	—	$20.7M	—	as long as short
Variational Omni JUP	+0.0100%	4h	0.2965	−0.007%	$723K	$625K	—	as long as short
GRVT JUP_USDT_Perp	+0.0100%	4h	0.2967	+0.070%	$1.6M	$3.9M	10x	as long as short
ApeX Omni JUPUSDT	+0.0100%	1h	0.2966	+0.027%	$164K	$254K	50x	as long as short
Polymarket Perps JUP-USDlong	+0.0100%	1h	0.2965	long leg	$93K	$105K	10x
Orderly PERP_JUP_USDC	+0.0100%	4h	0.2963	−0.074%	$31K	$41K	10x	as long as short
HTX JUP-USDT	+0.0100%	4h	0.2962	−0.108%	$111K	$44K	20x	as long as short
Phemex JUPUSDT	+0.0100%	4h	0.2968	+0.094%	$2.9M	$3.1M	50x	as long as short
Bulk JUP-USD	+0.0100%	1h	0.2954	−0.378%	$61K	−$0	10x	as long as short
Aevo JUP-PERP	+0.0104%	1h	0.2960	−0.164%	$40K	—	3x	as long as short
Kraken Futures PF_JUPUSD	+0.0177%	1h	0.2964	−0.026%	$593K	$467K	20x	as long as short
01 Exchange JUPUSD	+0.0184%	1h	0.2964	−0.034%	$26K	$17K	5x	as long as short
Phoenix JUP	+0.0216%	1h	0.2967	+0.051%	$98K	$283K	10x	as long as short
Coinbase International JUP-PERP-INTX	+0.0240%	1h	0.2969	+0.125%	$75K	$50K	50x	as long as short
Extended JUP-USD	+0.0256%	1h	0.2960	−0.162%	$2.2M	$499K	25x	as long as short
BloFin JUP-USDT	+0.0340%	4h	0.2963	−0.074%	$832K	$376K	50x	as long as short