Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:29 UTC+0.0100%/8h= +10.9% APRpaid last 24h −0.006%

Price spread now: Polymarket Perps against Perpl+0.115%7-day average +0.015% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Perpl Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days+0.032%+$3 on $10k

Price spread, last 3 days (all we have)−0.064%−$6 · spread now +0.115%, 7d avg +0.015%

Together, before fees−0.032%+ Points / potential airdropPerpl: Active · farm board−$3 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.099% dearer against Perpl than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.015%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004363	0	get 0.0000% / 43m	6m 54s	$18K	$207K	20x
Short	Polymarket Perps PUMP-USD	0.004368	0.0100	get 0.0013% / 1h	10m 54s	$95K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Perpl. 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 PerplbpFee Polymarket PerpsbpOrdersPrice spread, now +0.115%Rate

Funding earned: $21
Price spread: +0.115% → +0.015%: $9.92
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: $9.12
Costs to cover: 0.218%
Break-even: 4.0 days

Slippage unknown: Perpl: no order-book sample; Polymarket Perps: live order book, 3 min ago. Net counts fees only.

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 Perpl no order-book sample	—	—	—	—	—
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

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0052%	1h	0.004364	+0.023%	$20K	$9K	5x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004363	long leg	$18K	$207K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004366	+0.069%	$69K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004365	+0.052%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0009%	4h	0.004369	+0.138%	$22.8M	$97.1M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0021%	4h	0.004364	+0.023%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004364	+0.023%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.444%	$31K	$772K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004364	+0.030%	$42K	—	5x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004370	+0.164%	$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	0.004366	+0.069%	$456K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004368	+0.115%	$78.0M	$164.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004359	−0.096%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004365	+0.046%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004369	+0.138%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004369	+0.138%	$23.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004369	+0.138%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004369	+0.138%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004364	+0.030%	$778K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004372	+0.207%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004369	+0.137%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004374	+0.252%	$138K	$763K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004365	+0.057%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USDshort	+0.0100%	1h	0.004368	+0.115%	$95K	$1.9M	10x
Derive PUMP-PERP	+0.0100%	1h	0.004365	+0.047%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004365	+0.046%	$2K	$721K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004364	+0.023%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004362	−0.023%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004367	+0.092%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004369	+0.130%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004363	0.000%	$72K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0144%	1h	0.004374	+0.252%	$160.8M	$53.3M	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004388	+0.575%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004382	+0.435%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004366	+0.080%	$488K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004365	+0.046%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004370	+0.160%	$693K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0329% / S −0.0258%	1h	0.004364	+0.023%	$70K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004367	+0.092%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004364	+0.020%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0479%	1h	0.004369	+0.144%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0865%	1h	0.004370	+0.152%	$1.3M	$3.5M	50x	as long as short