PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0421%/8h= +46.1% APRnext payment +$0.53 per $10,000 · paid last 24h −0.362%

Price spread now: Injective against Polymarket Perps−0.116%7-day average −0.084% · you buy dearer than you sell

Net, funding: paid 7d − costs−$209as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$950.954% of the position

Long on Polymarket Perps Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.136%−$114 on $10k

Price spread, last 3 days (all we have)+0.161%+$16 · spread now −0.116%, 7d avg −0.084%

Together, before fees−0.975%−$98 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.032% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.084%). If the spread goes back, that is −$3 on $10k: about 6 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −1.136%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PUMP-USD	0.004329	0.0100	pay 0.0013% / 1h	14m 56s	$91K	$1.9M	10x
Short	Injective PUMP/USDC PERP	0.004324	0.0521	get 0.0065% / 1h	14m 56s	$38K	$207K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.116%Rate

Funding earned: $88.33
Price spread: −0.116% → −0.084%: −$3.17
Slippage, 4 orders: −$87.4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$10.25
Costs to cover: 0.954%
Break-even: 7.8 days

Slippage from Polymarket Perps: live order book, 4 min ago; Injective: live order book, 9 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, 4 min ago	3.46 bp	7.5 bp −$7	7.9 bp −$79	doesn't fit	doesn't fit
Sell Injective live order book, 9 min ago	17.33 bp	26.6 bp −$27	doesn't fit	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	−0.5040%	1h	0.004331	+0.041%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0227%	1h	0.004327	−0.049%	$771K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004325	−0.092%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0068%	4h	0.004325	−0.092%	$22.6M	$95.8M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0024%	4h	0.004326	−0.069%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004328	−0.023%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004327	−0.047%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0050%	4h	0.004325	−0.092%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0088%	1h	0.004328	−0.023%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004325	−0.092%	$2.9M	$5.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.670%	$29K	$766K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004327	−0.049%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004325	−0.081%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004332	+0.069%	$158.7M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004325	−0.092%	$780K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004328	−0.023%	$449K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004326	−0.063%	$76.9M	$164.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004331	+0.055%	$25K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004326	−0.069%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004329	0.000%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004325	−0.092%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004324	−0.116%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004333	+0.086%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004333	+0.084%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004336	+0.162%	$137K	$770K	50x	as long as short
Polymarket Perps PUMP-USDlong	+0.0100%	1h	0.004329	long leg	$91K	$1.9M	10x
Derive PUMP-PERP	+0.0100%	1h	0.004327	−0.055%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004328	−0.023%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004325	−0.092%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004331	+0.046%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004329	0.000%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004326	−0.072%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004325	−0.092%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004329	−0.010%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004335	+0.146%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004334	+0.116%	$658K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0225%	1h	0.004326	−0.069%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004326	−0.069%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0341%	1h	0.004335	+0.132%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004325	−0.086%	$2	—	3x	as long as short
Injective PUMP/USDC PERPshort	+0.0521%	1h	0.004324	−0.116%	$38K	$207K	12x
Kraken Futures PF_PUMPUSD	+0.0686%	1h	0.004331	+0.056%	$1.3M	$3.5M	50x	as long as short