Funding you earn now, next payment 23:00 UTC−0.0212%/8h= −23.2% APRnext payment −$0.27 per $10,000 · paid last 24h −0.063%
Price spread now: Polymarket Perps against Coinbase International+0.023%7-day average −0.020% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$350.347% of the position
Funding, last 7 days−0.151%−$15 on $10k
+Price spread, last 3 days (all we have)+0.063%+$6 · spread now +0.023%, 7d avg −0.020%
=The price spread pays, funding is against you. Polymarket Perps is 0.043% dearer against Coinbase International than usual: you sell high and buy low (spread +0.023% now, against its 7-day average of −0.020%): +$4 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.151% in total) that is about 47 hours.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International PUMP-PERP-INTX | 0.004381 | 0.0312 | pay 0.0039% / 1h | 10m 14s | $694K | $5.5M | 50x |
| Short | Polymarket Perps PUMP-USD | 0.004382 | 0.0100 | get 0.0013% / 1h | 10m 14s | $96K | $1.9M | 10x |
Coinbase International PUMP-PERP-INTX
Polymarket Perps PUMP-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$44.52
- Price spread: +0.023% → −0.020%
- $4.26
- Slippage, 4 orders
- −$16.69
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$74.95
- Costs to cover
- 0.347%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 4 min ago; Polymarket Perps: live order book, 3 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 Coinbase International live order book, 4 min ago | 3.42 bp | 15.4 bp −$15 | 25.7 bp −$257 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 3 min ago | 1.14 bp | 5.7 bp −$6 | 9.8 bp −$98 | doesn't fit | doesn't fit |
PUMP on 42 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX PUMP-USD | −0.0051% | 1h | 0.004375 | −0.137% | $20K | $9K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004375 | −0.137% | $18K | $207K | 20x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | 0.0000% | 1h | 0.004381 | 0.000% | $70K | $125K | 25x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0003% / S −0.0002% | 1h | 0.004379 | −0.047% | $55K | — | 150x | as long as short |
| OKX PUMP-USDT-SWAP | +0.0013% | 4h | 0.004378 | −0.068% | $22.9M | $97.3M | 50x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0022% | 4h | 0.004378 | −0.068% | $41K | $10K | 10x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004378 | −0.068% | $2.9M | $5.5M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004300 | −1.849% | $31K | $772K | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0100% | 8h | 0.004376 | −0.115% | $42K | — | 5x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004379 | −0.034% | $1.6M | $2.0M | 10x | as long as short |
dYdX PUMP-USD
Perpl PUMP
Deribit PUMP_USDC-PERPETUAL
gTrade (Gains Network) PUMP/USD
OKX PUMP-USDT-SWAP
Orderly PERP_PUMP_USDC
Lighter PUMP
Popdex PUMPUSDT
Paradex PUMP-USD-PERP
Nado PUMP-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster PUMPUSDT | +0.0100% | 4h | 0.004377 | −0.092% | $726K | $2.3M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004374 | −0.160% | $457K | $601K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004377 | −0.091% | $78.2M | $164.6M | 75x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004359 | −0.507% | $26K | $165K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004378 | −0.068% | $42K | $53K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004376 | −0.114% | $4.7M | $11.5M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004380 | −0.023% | $23.3M | $13.9M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004379 | −0.046% | $17.5M | $19.2M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004376 | −0.114% | — | $12.9M | — | as long as short |
| Backpack PUMP_USDC_PERP | +0.0100% | 1h | 0.004364 | −0.381% | $778K | $182K | 5x | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004372 | −0.205% | $64K | $3.0M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004369 | −0.274% | $1.2M | $10.0M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004374 | −0.160% | $138K | $763K | 50x | as long as short |
| Polymarket Perps PUMP-USDshort | +0.0100% | 1h | 0.004382 | +0.023% | $96K | $1.9M | 10x | |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004380 | −0.017% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004379 | −0.046% | $2K | $721K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004378 | −0.068% | $277 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004369 | −0.274% | $21K | $137K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004377 | −0.091% | $2.0M | $4.0M | 20x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004378 | −0.077% | $3.6M | $3.6M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004378 | −0.068% | $72K | $18K | 3x | as long as short |
| Hyperliquid PUMP | +0.0147% | 1h | 0.004385 | +0.091% | $161.2M | $53.3M | 10x | as long as short |
| Phoenix PUMP | +0.0164% | 1h | 0.004388 | +0.162% | $39K | $100K | 10x | as long as short |
| Injective PUMP/USDC PERP | +0.0182% | 1h | 0.004382 | +0.023% | $39K | $207K | 12x | as long as short |
| RISEx PUMP/USDC | +0.0194% | 1h | 0.004378 | −0.080% | $489K | $1.0M | 10x | as long as short |
| 01 Exchange PUMPUSD | +0.0208% | 1h | 0.004379 | −0.046% | $6K | $830 | 10x | as long as short |
| Coinbase International PUMP-PERP-INTXlong | +0.0312% | 1h | 0.004381 | long leg | $694K | $5.5M | 50x | |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0329% / S −0.0259% | 1h | 0.004379 | −0.046% | $71K | — | 100x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004367 | −0.320% | $3.5M | $4.0M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004377 | −0.094% | $2 | — | 3x | as long as short |
| Aftermath Perps PUMPUSD | +0.0476% | 1h | 0.004372 | −0.201% | $382 | $106K | 10x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.0862% | 1h | 0.004383 | +0.035% | $1.3M | $3.5M | 50x | as long as short |
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDT
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
Gate PUMP_USDT
KuCoin PUMPUSDTM
Bitget PUMPUSDT
BingX PUMP-USDT
Backpack PUMP_USDC_PERP
edgeX PUMPUSDC
GRVT PUMP_USDT_Perp
ApeX Omni PUMPUSDT
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Extended PUMP-USD
Aevo PUMP-PERP
Hyperliquid PUMP
Phoenix PUMP
Injective PUMP/USDC PERP
RISEx PUMP/USDC
01 Exchange PUMPUSD
GMX PUMP/USD [WBTC.b-USDC]
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Aftermath Perps PUMPUSD
Kraken Futures PF_PUMPUSD