Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.022%

Price spread now: Polymarket Perps against ApeX Omni−1.044%7-day average −0.040% · 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−$143as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on ApeX Omni Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.171%−$17 on $10k

Price spread, last 4 days (all we have)+1.325%+$133 · spread now −1.044%, 7d avg −0.040%

Together, before fees+1.154%+$115 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 1.004% cheaper against ApeX Omni than usual: you would sell low and buy high, −$100 on $10k if it goes back to its 7-day average of −0.040%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PUMPUSDT	0.004504	0.0100	pay 0.0013% / 1h	33m 08s	$152K	$747K	50x
Short	Polymarket Perps PUMP-USD	0.004457	0.0100	get 0.0013% / 1h	33m 08s	$111K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against ApeX Omni. 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 ApeX OmnibpFee Polymarket PerpsbpOrdersPrice spread, now −1.044%Rate

Funding earned: $0
Price spread: −1.044% → −0.040%: −$100.4
Slippage, 4 orders: −$25.01
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$143.41
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 16 min ago; Polymarket Perps: live order book, 6 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 ApeX Omni live order book, 16 min ago	5.56 bp	14.0 bp −$14	102.4 bp −$1,024	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 6 min ago	2.25 bp	6.8 bp −$7	9.3 bp −$93	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	−0.0015%	1h	0.004455	−1.082%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004452	−1.155%	$18K	$242K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004451	−1.167%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0086%	4h	0.004452	−1.155%	$4.9M	$10.4M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004454	−1.110%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.309%	$30K	$629K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004455	−1.077%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004454	−1.103%	$708K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004455	−1.088%	$536K	$767K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004455	−1.087%	$81.9M	$166.6M	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	0.004457	−1.044%	$24.4M	$94.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004467	−0.830%	$31K	$167K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004463	−0.910%	$65K	$103K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004455	−1.088%	$23.9M	$13.7M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004455	−1.088%	$17.7M	$18.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004454	−1.110%	—	$13.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004455	−1.088%	$802K	$203K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004491	−0.284%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004450	−1.201%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDTlong	+0.0100%	1h	0.004504	long leg	$152K	$747K	50x
Polymarket Perps PUMP-USDshort	+0.0100%	1h	0.004457	−1.044%	$111K	$2.1M	10x
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004452	−1.155%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004450	−1.202%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004453	−1.132%	$2K	$746K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004452	−1.155%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004452	−1.155%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004456	−1.066%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004451	−1.170%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004448	−1.243%	$66K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0104%	8h	0.004456	−1.068%	$42K	$276	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0199%	1h	0.004453	−1.132%	$69K	$115K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0200%	1h	0.004450	−1.199%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004462	−0.933%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004459	−0.999%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004453	−1.136%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004460	−0.970%	$45K	$119K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004460	−0.977%	$713K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0492%	1h	0.004461	−0.955%	$166.9M	$49.1M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004463	−0.910%	$38K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004463	−0.917%	$530K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0822%	1h	0.004452	−1.149%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1094%	1h	0.004461	−0.965%	$517	$104K	10x	as long as short