Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC−0.0100%/8hnext payment −$0.13 per $10,000 · paid last 24h +0.034%

Price spread now: Deribit against Polymarket Perps+0.023%48s7-day average +0.026% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as 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−$430.432% of the position

Long on Polymarket Perps Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.102%−$10 on $10k

Price spread, last 3 days (all we have)−0.035%−$3 · spread now +0.023%, 7d avg +0.026%

Together, before fees−0.137%−$14 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.026%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PUMP-USD	0.004286	0.0100	pay 0.0013% / 1h	6m 29s	$93K	$1.9M	10x
Short	Deribit PUMP_USDC-PERPETUAL	0.004287	0	get 0.0000% / 1h	6m 29s	$69K	$127K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$21
Price spread: +0.023% → +0.026%: −$0.29
Slippage, 4 orders: −$28.19
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$64.48
Costs to cover: 0.432%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 2 min ago; Deribit: live order book, 26 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, 2 min ago	2.33 bp	6.3 bp −$6	8.2 bp −$82	doesn't fit	doesn't fit
Sell Deribit live order book, 26 min ago	8.21 bp	16.1 bp −$16	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	−0.0856%	1h	0.004289	+0.070%	$20K	$7K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004283	−0.070%	$19K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUALshort	0.0000%	1h	0.004287	+0.023%	$69K	$127K	25x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004288	+0.041%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0017%	4h	0.004285	−0.023%	$40K	$16K	10x	as long as short
Gate PUMP_USDT	+0.0066%	4h	0.004282	−0.093%	$4.6M	$12.0M	75x	as long as short
Aster PUMPUSDT	+0.0074%	4h	0.004285	−0.023%	$755K	$2.4M	50x	as long as short
Backpack PUMP_USDC_PERP	+0.0086%	1h	0.004285	−0.030%	$767K	$194K	5x	as long as short
OKX PUMP-USDT-SWAP	+0.0088%	4h	0.004280	−0.140%	$22.6M	$97.9M	50x	as long as short
Phoenix PUMP	+0.0094%	1h	0.004287	+0.028%	$38K	$100K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PUMP	+0.0096%	1h	0.004283	−0.070%	$2.9M	$6.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−2.007%	$26K	$820K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004282	−0.086%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004281	−0.105%	$1.6M	$2.1M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004289	+0.070%	$156.5M	$54.3M	10x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004283	−0.070%	$445K	$642K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004282	−0.093%	$76.3M	$175.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004277	−0.219%	$20K	$197K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004282	−0.093%	$41K	$57K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004286	0.000%	$22.5M	$14.1M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004283	−0.070%	$17.1M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004282	−0.093%	—	$13.5M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004282	−0.093%	$64K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004280	−0.149%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004287	+0.023%	$107K	$767K	50x	as long as short
Polymarket Perps PUMP-USDlong	+0.0100%	1h	0.004286	long leg	$93K	$1.9M	10x
Derive PUMP-PERP	+0.0100%	1h	0.004286	+0.006%	$4K	$15K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004286	0.000%	$2K	$738K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004283	−0.070%	$269	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004283	−0.070%	$22K	$154K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004284	−0.047%	$2.0M	$4.1M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004281	−0.113%	$3.5M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004284	−0.047%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0117%	1h	0.004285	−0.029%	$489K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0120%	1h	0.004283	−0.070%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0208%	1h	0.004289	+0.070%	$624K	$6.0M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0229%	1h	0.004284	−0.047%	$178	$115K	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0222%	1h	0.004286	0.000%	$66K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004283	−0.070%	$3.5M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004281	−0.107%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0603%	1h	0.004284	−0.047%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0786%	1h	0.004289	+0.071%	$1.3M	$3.6M	50x	as long as short