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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.057%

Price spread now: Polymarket Perps against Ondo Perps−0.120%7-day average +0.064% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 4 days (all we have)+0.188%+$19 · spread now −0.120%, 7d avg +0.064%

Together, before fees+0.024%+ Points / potential airdropOndo Perps: Active · farm board+$2 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 0.185% cheaper against Ondo Perps than usual: you would sell low and buy high, −$18 on $10k if it goes back to its 7-day average of +0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps PUMP-USD.P	0.004319	0.0100	pay 0.0013% / 1h	6m 22s	$25K	$178K	5x
Short	Polymarket Perps PUMP-USD	0.004314	0.0100	get 0.0013% / 1h	6m 22s	$90K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpFee Polymarket PerpsbpOrdersPrice spread, now −0.120%Rate

Funding earned: $0
Price spread: −0.120% → +0.064%: −$18.46
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$31.46
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Ondo Perps: no order-book sample; Polymarket Perps: live order book, 2 min ago. Net counts fees only.

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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 2 min ago	2.31 bp	10.7 bp −$11	11.2 bp −$112	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.5212%	1h	0.004314	−0.127%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0233%	1h	0.004313	−0.139%	$769K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004310	−0.213%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0063%	4h	0.004310	−0.213%	$22.5M	$95.4M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0026%	4h	0.004311	−0.190%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004316	−0.074%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004312	−0.167%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0056%	4h	0.004309	−0.236%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0080%	1h	0.004313	−0.144%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004311	−0.190%	$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	−0.445%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004311	−0.185%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004310	−0.201%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004315	−0.097%	$158.0M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004311	−0.188%	$777K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004312	−0.167%	$447K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004311	−0.188%	$76.5M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.Plong	+0.0100%	1h	0.004319	long leg	$25K	$178K	5x
Arcus PUMP-USD	+0.0100%	1h	0.004311	−0.190%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004313	−0.144%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004311	−0.190%	$17.0M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004310	−0.213%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004322	+0.075%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004322	+0.066%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004324	+0.111%	$136K	$771K	50x	as long as short
Polymarket Perps PUMP-USDshort	+0.0100%	1h	0.004314	−0.120%	$90K	$1.9M	10x
Derive PUMP-PERP	+0.0100%	1h	0.004315	−0.098%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004317	−0.051%	$2K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004313	−0.144%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004315	−0.097%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004314	−0.120%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004310	−0.214%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004312	−0.167%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004314	−0.122%	$489K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004325	+0.144%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004334	+0.343%	$658K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0308% / S −0.0226%	1h	0.004311	−0.190%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004311	−0.190%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004309	−0.229%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0346%	1h	0.004323	+0.087%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.111%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0687%	1h	0.004319	−0.002%	$1.3M	$3.5M	50x	as long as short