Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.031%

Price spread now: Phemex against Polymarket Perps−0.158%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as in the Funding arb table

Net, price: spread back to 7d avg − costs−$93as in the Price arb table

costs, in and out, $10k−$780.778% of the position

Long on Polymarket Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.175%+$17 on $10k

Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.158%, 7d avg −0.002%

Together, before fees+0.253%+$25 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: Phemex is 0.156% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PUMP-USD	0.004431	0.0100	pay 0.0013% / 1h	28m 59s	$102K	$2.1M	10x
Short	Phemex PUMPUSDT	0.004424	0.0100	get 0.0050% / 4h	28m 59s	$2.0M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.158%Rate

Funding earned: $0
Price spread: −0.158% → −0.002%: −$15.6
Slippage, 4 orders: −$57.8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$93.4
Costs to cover: 0.778%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Phemex: live order book, 5 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, 5 min ago	3.42 bp	7.4 bp −$7	8.0 bp −$80	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	6.84 bp	33.2 bp −$33	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	−0.0657%	1h	0.004424	−0.158%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004426	−0.113%	$18K	$236K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004426	−0.108%	$53K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0076%	1h	0.004418	−0.282%	$783K	$199K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004425	−0.135%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.700%	$28K	$788K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004428	−0.056%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004420	−0.243%	$702K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004426	−0.113%	$493K	$813K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004416	−0.339%	$80.6M	$174.1M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004416	−0.339%	$23.9M	$97.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004422	−0.194%	$36K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004429	−0.045%	$62K	$102K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004414	−0.384%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004416	−0.339%	$23.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004416	−0.339%	$17.6M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004415	−0.361%	—	$13.0M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004422	−0.198%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004427	−0.092%	$1.2M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004387	−0.993%	$145K	$756K	50x	as long as short
Polymarket Perps PUMP-USDlong	+0.0100%	1h	0.004431	long leg	$102K	$2.1M	10x
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004426	−0.113%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004426	−0.108%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004426	−0.113%	$2K	$771K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004425	−0.135%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004425	−0.135%	$21K	$111K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004424	−0.158%	$2.0M	$4.0M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004428	−0.068%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004422	−0.203%	$71K	$8K	3x	as long as short
Extended PUMP-USD	+0.0192%	1h	0.004413	−0.398%	$3.8M	$4.3M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0202%	1h	0.004427	−0.090%	$70K	$122K	25x	as long as short
01 Exchange PUMPUSD	+0.0248%	1h	0.004429	−0.045%	$6K	$625	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004426	−0.113%	$53K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004422	−0.203%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004430	−0.028%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004374	−1.293%	$42K	$120K	10x	as long as short
Hyperliquid PUMP	+0.0428%	1h	0.004423	−0.181%	$165.8M	$56.8M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004432	+0.023%	$704K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004430	−0.023%	$526K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004432	+0.023%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0800%	1h	0.004428	−0.065%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0896%	1h	0.004403	−0.637%	$581	$114K	10x	as long as short