PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0588%/8h= −64.4% APRnext payment −$0.74 per $10,000 · paid last 24h −0.326%

Price spread now: Polymarket Perps against Kraken Futures−0.029%48s7-day average −0.057% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as 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−$450.449% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.363%−$36 on $10k

Price spread, last 3 days (all we have)+0.067%+$7 · spread now −0.029%, 7d avg −0.057%

Together, before fees−0.296%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Polymarket Perps is 0.028% dearer against Kraken Futures than usual: you sell high and buy low (spread −0.029% now, against its 7-day average of −0.057%): +$3 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 4 hours. At the pace of the last 7 days (−0.363% in total) that is about 13 hours. The two prices were read 48 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 -0.363% in total (about -18.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.74 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	Kraken Futures PF_PUMPUSD	0.004314	0.0688	pay 0.0086% / 1h	4m 28s	$1.3M	$3.5M	50x
Short	Polymarket Perps PUMP-USD	0.004313	0.0100	get 0.0013% / 1h	4m 28s	$90K	$1.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Kraken Futures. 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 Kraken FuturesbpFee Polymarket PerpsbpOrdersPrice spread, now −0.029%Rate

Funding earned: −$123.54
Price spread: −0.029% → −0.057%: $2.79
Slippage, 4 orders: −$26.85
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$165.6
Costs to cover: 0.449%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Polymarket Perps: live order book, 4 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 Kraken Futures live order book, 4 min ago	5.78 bp	12.6 bp −$13	26.4 bp −$264	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 4 min ago	2.31 bp	10.7 bp −$11	11.2 bp −$112	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	−0.5130%	1h	0.004314	−0.013%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0237%	1h	0.004309	−0.117%	$768K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004310	−0.098%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0062%	4h	0.004309	−0.122%	$22.5M	$95.4M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0026%	4h	0.004309	−0.122%	$40K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004311	−0.075%	$68K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004311	−0.086%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0052%	4h	0.004308	−0.145%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0080%	1h	0.004312	−0.052%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004310	−0.098%	$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	−0.330%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004309	−0.112%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004309	−0.110%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004314	−0.006%	$157.9M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004312	−0.057%	$777K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004310	−0.098%	$447K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004310	−0.102%	$76.5M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004319	+0.115%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004310	−0.098%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004313	−0.029%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004310	−0.098%	$17.0M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004309	−0.122%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004322	+0.190%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004322	+0.181%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004316	+0.041%	$136K	$771K	50x	as long as short
Polymarket Perps PUMP-USDshort	+0.0100%	1h	0.004313	−0.029%	$90K	$1.9M	10x
Derive PUMP-PERP	+0.0100%	1h	0.004310	−0.091%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004311	−0.075%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004308	−0.145%	$710	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004309	−0.122%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004310	−0.098%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004309	−0.121%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004308	−0.145%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004313	−0.040%	$489K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004325	+0.259%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004313	−0.029%	$655K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0308% / S −0.0226%	1h	0.004310	−0.098%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004309	−0.122%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004309	−0.114%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0347%	1h	0.004319	+0.107%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.226%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0688%	1h	0.004314	long leg	$1.3M	$3.5M	50x