Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0162%/8h= −17.8% APRpaid last 24h +0.045%

Price spread now: OKX against Polymarket Perps−0.046%7-day average −0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$380.383% of the position

Long on Polymarket Perps Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.129%+$13 on $10k

Price spread, last 7 days−0.030%−$3 · spread now −0.046%, 7d avg −0.028%

Together, before fees+0.099%+$10 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: −$5 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.129%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PUMP-USD	0.004313	0.0100	pay 0.0013% / 1h	4m 16s	$90K	$1.9M	10x
Short	OKX PUMP-USDT-SWAP	0.004311	−0.0062	pay 0.0031% / 4h	2h 04m	$22.5M	$95.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.046%Rate

Funding earned: −$34.06
Price spread: −0.046% → −0.028%: −$1.85
Slippage, 4 orders: −$20.33
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee OKX: 5 bp × 2 orders: −$10
Net: −$74.24
Costs to cover: 0.383%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 4 min ago; OKX: 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, 4 min ago	2.31 bp	6.3 bp −$6	8.9 bp −$89	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.16 bp	10.6 bp −$11	28.4 bp −$284	207.2 bp −$20.7K	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	−0.5130%	1h	0.004314	+0.016%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0237%	1h	0.004309	−0.088%	$768K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004310	−0.070%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAPshort	−0.0062%	4h	0.004311	−0.046%	$22.5M	$95.4M	50x
Orderly PERP_PUMP_USDC	−0.0025%	4h	0.004310	−0.070%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004313	0.000%	$68K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004311	−0.058%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0052%	4h	0.004308	−0.116%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0080%	1h	0.004312	−0.023%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004311	−0.046%	$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	−0.301%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004309	−0.083%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004309	−0.081%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004314	+0.023%	$157.9M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004310	−0.070%	$777K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004310	−0.070%	$447K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004312	−0.023%	$76.6M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004319	+0.144%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004310	−0.070%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004313	0.000%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004310	−0.070%	$17.0M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004309	−0.093%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004322	+0.219%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004322	+0.210%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004316	+0.070%	$136K	$771K	50x	as long as short
Polymarket Perps PUMP-USDlong	+0.0100%	1h	0.004313	long leg	$90K	$1.9M	10x
Derive PUMP-PERP	+0.0100%	1h	0.004311	−0.048%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004312	−0.023%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004311	−0.046%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004311	−0.046%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004311	−0.046%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004311	−0.046%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004311	−0.046%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004313	−0.012%	$489K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004325	+0.288%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004312	−0.023%	$654K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0308% / S −0.0226%	1h	0.004310	−0.070%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004309	−0.093%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004309	−0.085%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0347%	1h	0.004319	+0.136%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.255%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0688%	1h	0.004317	+0.093%	$1.3M	$3.5M	50x	as long as short