Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.057%

Price spread now: Polymarket Perps against Phemex+0.139%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$100as in the Funding arb table

Net, price: spread back to 7d avg − costs−$68as in the Price arb table

costs, in and out, $10k−$820.825% of the position

Long on Phemex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.175%−$18 on $10k

Price spread, last 3 days (all we have)−0.026%−$3 · spread now +0.139%, 7d avg −0.001%

Together, before fees−0.201%−$20 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: Polymarket Perps is 0.141% dearer against Phemex than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004302	0.0100	pay 0.0050% / 4h	2h 49m	$2.0M	$4.0M	20x
Short	Polymarket Perps PUMP-USD	0.004308	0.0100	get 0.0013% / 1h	49m 54s	$107K	$1.8M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Phemex. 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 PhemexbpFee Polymarket PerpsbpOrdersPrice spread, now +0.139%Rate

Funding earned: $0
Price spread: +0.139% → −0.001%: $14.08
Slippage, 4 orders: −$62.45
Fee Phemex: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$68.37
Costs to cover: 0.825%
Break-even: never at this rate

Slippage from Phemex: 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 Phemex live order book, 4 min ago	10.45 bp	30.9 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	1.16 bp	7.9 bp −$8	9.9 bp −$99	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	−0.3970%	1h	0.004305	+0.068%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0482%	1h	0.004305	+0.067%	$770K	$185K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0074%	4h	0.004306	+0.093%	$22.6M	$94.6M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0016%	4h	0.004304	+0.046%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004302	0.000%	$19K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004308	+0.139%	$68K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004306	+0.091%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0076%	4h	0.004307	+0.116%	$4.6M	$11.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004304	+0.046%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.046%	$29K	$775K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004303	+0.029%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004302	+0.012%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004312	+0.232%	$157.8M	$52.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004305	+0.070%	$782K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004303	+0.023%	$447K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004309	+0.154%	$76.5M	$164.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004312	+0.228%	$20K	$177K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004303	+0.023%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004309	+0.163%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004307	+0.116%	$17.0M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004307	+0.116%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004310	+0.190%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004321	+0.442%	$1.2M	$9.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004314	+0.279%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USDshort	+0.0100%	1h	0.004308	+0.139%	$107K	$1.8M	10x
Derive PUMP-PERP	+0.0100%	1h	0.004306	+0.094%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004307	+0.116%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004303	+0.023%	$710	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004301	−0.023%	$21K	$146K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004302	long leg	$2.0M	$4.0M	20x
Extended PUMP-USD	+0.0104%	1h	0.004308	+0.143%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004304	+0.046%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004305	+0.070%	$490K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004311	+0.202%	$39K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004305	+0.070%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004304	+0.046%	$655K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004305	+0.070%	$67K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0327%	1h	0.004310	+0.192%	$179	$106K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004299	−0.070%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004305	+0.061%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.511%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0689%	1h	0.004309	+0.162%	$1.3M	$3.5M	50x	as long as short