PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0816%/8h= −89.3% APRnext payment −$1.02 per $10,000 · paid last 24h −0.336%

Price spread now: Polymarket Perps against Kraken Futures−0.013%7-day average −0.055% · you buy dearer than you sell

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$580.578% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.398%−$40 on $10k

Price spread, last 3 days (all we have)−0.014%−$1 · spread now −0.013%, 7d avg −0.055%

Together, before fees−0.411%−$41 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.042% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.013% now, against its 7-day average of −0.055%): +$4 on $10k if it goes back. Holding the pair costs −$24 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.398% in total) that is about 18 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.398% in total (about -20.7% a year). A funding rate is set anew for every payment; at this rate the next one is about −$1.02 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PUMPUSD	0.004493	0.0916	pay 0.0114% / 1h	15m 06s	$1.3M	$3.5M	50x
Short	Polymarket Perps PUMP-USD	0.004492	0.0100	get 0.0013% / 1h	15m 06s	$107K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Kraken Futures. 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 Kraken FuturesbpFee Polymarket PerpsbpOrdersPrice spread, now −0.013%Rate

Funding earned: −$171.33
Price spread: −0.013% → −0.055%: $4.2
Slippage, 4 orders: −$39.76
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$224.88
Costs to cover: 0.578%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Polymarket Perps: 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 Kraken Futures live order book, 4 min ago	6.77 bp	23.9 bp −$24	48.2 bp −$482	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	4.51 bp	8.5 bp −$9	8.9 bp −$89	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	−0.0255%	1h	0.004485	−0.162%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004485	−0.169%	$18K	$204K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004488	−0.102%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004488	−0.113%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0053%	4h	0.004487	−0.124%	$42K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0092%	4h	0.004481	−0.258%	$23.6M	$99.0M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004487	−0.124%	$3.0M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.061%	$28K	$776K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004485	−0.158%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004489	−0.080%	$729K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004488	−0.102%	$478K	$627K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004488	−0.096%	$80.6M	$164.1M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004458	−0.774%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004485	−0.169%	$40K	$55K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004485	−0.169%	$4.8M	$10.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004485	−0.169%	$23.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004482	−0.236%	$18.0M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004482	−0.236%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004482	−0.227%	$798K	$172K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004461	−0.711%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004469	−0.519%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004471	−0.480%	$141K	$760K	50x	as long as short
Polymarket Perps PUMP-USDshort	+0.0100%	1h	0.004492	−0.013%	$107K	$1.9M	10x
Derive PUMP-PERP	+0.0100%	1h	0.004486	−0.139%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004488	−0.102%	$2K	$726K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004486	−0.147%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004482	−0.236%	$21K	$132K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004487	−0.124%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004487	−0.131%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004486	−0.157%	$3.7M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004482	−0.236%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004486	−0.147%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004435	−1.288%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004488	−0.098%	$490K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004487	−0.124%	$3.6M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004489	−0.084%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004495	+0.054%	$734K	$5.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0353% / S −0.0291%	1h	0.004486	−0.147%	$74K	—	100x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004491	−0.035%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0545%	1h	0.004489	−0.080%	$165.9M	$54.3M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0695%	1h	0.004458	−0.773%	$389	$109K	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0916%	1h	0.004493	long leg	$1.3M	$3.5M	50x