Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.006%

Price spread now: Polymarket Perps against OKX−0.379%57s7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as 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−$370.367% of the position

Long on OKX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.125%−$12 on $10k

Price spread, last 7 days+0.429%+$43 · spread now −0.379%, 7d avg +0.027%

Together, before fees+0.304%+$30 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 0.406% cheaper against OKX than usual: you would sell low and buy high, −$41 on $10k if it goes back to its 7-day average of +0.027%. The two prices were read 57 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	OKX PUMP-USDT-SWAP	0.004490	0.0100	pay 0.0050% / 4h	2h 52m	$24.7M	$95.0M	50x
Short	Polymarket Perps PUMP-USD	0.004473	0.0100	get 0.0013% / 1h	52m 32s	$107K	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against OKX. 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 OKXbpFee Polymarket PerpsbpOrdersPrice spread, now −0.379%Rate

Funding earned: $0
Price spread: −0.379% → +0.027%: −$40.59
Slippage, 4 orders: −$18.73
Fee OKX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$77.32
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from OKX: live order book, 1 min ago; Polymarket Perps: live order book, 1 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 OKX live order book, 1 min ago	1.12 bp	10.6 bp −$11	23.9 bp −$239	214.8 bp −$21.5K	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	3.36 bp	9.5 bp −$9	11.0 bp −$110	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	0.0000%	1h	0.004484	−0.128%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004467	−0.512%	$18K	$237K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004471	−0.423%	$70K	$117K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004471	−0.415%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0052%	4h	0.004488	−0.045%	$5.0M	$10.3M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004486	−0.089%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.004%	$28K	$627K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004491	+0.033%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004490	+0.006%	$713K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004488	−0.045%	$537K	$763K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004491	+0.022%	$81.9M	$164.4M	75x	as long as short
OKX PUMP-USDT-SWAPlong	+0.0100%	4h	0.004490	long leg	$24.7M	$95.0M	50x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004497	+0.156%	$32K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004493	+0.067%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004485	−0.111%	$24.1M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004491	+0.022%	$17.7M	$18.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004487	−0.067%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004474	−0.350%	$798K	$204K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004476	−0.319%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004496	+0.132%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004488	−0.045%	$151K	$747K	50x	as long as short
Polymarket Perps PUMP-USDshort	+0.0100%	1h	0.004473	−0.379%	$107K	$2.1M	10x
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004470	−0.445%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004469	−0.459%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004468	−0.490%	$2K	$737K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004472	−0.401%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004459	−0.690%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004472	−0.401%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004492	+0.041%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004469	−0.468%	$66K	$10K	3x	as long as short
Extended PUMP-USD	+0.0224%	1h	0.004489	−0.016%	$3.9M	$3.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004470	−0.445%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004494	+0.089%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004469	−0.468%	$3.7M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004473	−0.384%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004485	−0.111%	$46K	$119K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004475	−0.334%	$717K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0540%	1h	0.004490	0.000%	$168.3M	$48.2M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004498	+0.178%	$39K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004494	+0.089%	$534K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0818%	1h	0.004475	−0.342%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1106%	1h	0.004482	−0.183%	$519	$104K	10x	as long as short