PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0428%/8h= −46.9% APRnext payment −$0.54 per $10,000 · paid last 24h −0.059%

Price spread now: Polymarket Perps against Coinbase International+0.044%47s7-day average −0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.461% of the position

Long on Coinbase International Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.174%−$17 on $10k

Price spread, last 4 days (all we have)+0.029%+$3 · spread now +0.044%, 7d avg −0.020%

Together, before fees−0.145%−$14 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.064% dearer against Coinbase International than usual: you sell high and buy low (spread +0.044% now, against its 7-day average of −0.020%): +$6 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.174% in total) that is about 2.6 days. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.174% in total (about -9.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.54 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PUMP-PERP-INTX	0.004520	0.0528	pay 0.0066% / 1h	31m 24s	$724K	$5.8M	50x
Short	Polymarket Perps PUMP-USD	0.004522	0.0100	get 0.0013% / 1h	31m 24s	$107K	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Coinbase International. 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 Coinbase InternationalbpFee Polymarket PerpsbpOrdersPrice spread, now +0.044%Rate

Funding earned: −$89.88
Price spread: +0.044% → −0.020%: $6.43
Slippage, 4 orders: −$28.07
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$129.52
Costs to cover: 0.461%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; Polymarket Perps: live order book, 2 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 Coinbase International live order book, 3 min ago	6.63 bp	13.6 bp −$14	19.3 bp −$193	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	4.42 bp	10.5 bp −$10	10.9 bp −$109	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	−0.0010%	1h	0.004517	−0.062%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004511	−0.199%	$19K	$262K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004514	−0.133%	$69K	$116K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004513	−0.156%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004520	0.000%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.442%	$33K	$635K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004517	−0.059%	$827K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004519	−0.022%	$536K	$850K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004520	0.000%	$82.8M	$172.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004518	−0.044%	$24.7M	$99.0M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004510	−0.212%	$27K	$161K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004521	+0.022%	$65K	$100K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004516	−0.088%	$5.0M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004522	+0.044%	$24.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004515	−0.111%	$17.8M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004519	−0.022%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004515	−0.106%	$808K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004522	+0.038%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004515	−0.111%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004528	+0.177%	$153K	$744K	50x	as long as short
Polymarket Perps PUMP-USDshort	+0.0100%	1h	0.004522	+0.044%	$107K	$2.2M	10x
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004514	−0.133%	$43K	$6K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004514	−0.143%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004512	−0.177%	$2K	$767K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004515	−0.111%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004511	−0.199%	$21K	$85K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004514	−0.133%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004519	−0.013%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004512	−0.177%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0105%	8h	0.004520	−0.005%	$43K	$276	5x	as long as short
Nado PUMP-PERP	+0.0185%	1h	0.004519	−0.011%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004512	−0.177%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0336%	1h	0.004522	+0.044%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004522	+0.044%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004513	−0.148%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004524	+0.086%	$48K	$139K	10x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0528%	1h	0.004520	long leg	$724K	$5.8M	50x
Kraken Futures PF_PUMPUSD	+0.0547%	1h	0.004516	−0.078%	$1.1M	$3.5M	50x	as long as short
Hyperliquid PUMP	+0.0551%	1h	0.004523	+0.066%	$168.9M	$51.5M	10x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004520	0.000%	$38K	$205K	12x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004522	+0.043%	$539K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1085%	1h	0.004522	+0.045%	$500	$112K	10x	as long as short