PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0372%/8h= +40.7% APRnext payment +$0.46 per $10,000 · paid last 24h +0.059%

Price spread now: Coinbase International against Polymarket Perps−0.067%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$450.446% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.166%+$17 on $10k

Price spread, last 4 days (all we have)−0.009%−$1 · spread now −0.067%, 7d avg +0.024%

Together, before fees+0.157%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.091% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.067% now, against its 7-day average of +0.024%). If the spread goes back, that is −$9 on $10k: about 20 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.166% in total) that is about 3.8 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.166% in total (about 8.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.46 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	Polymarket Perps PUMP-USD	0.004496	0.0100	pay 0.0013% / 1h	0m 45s	$107K	$2.0M	10x
Short	Coinbase International PUMP-PERP-INTX	0.004493	0.0472	get 0.0059% / 1h	0m 45s	$718K	$5.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.067%Rate

Funding earned: $78.12
Price spread: −0.067% → +0.024%: −$9.08
Slippage, 4 orders: −$26.57
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $24.47
Costs to cover: 0.446%
Break-even: 4.8 days

Slippage from Polymarket Perps: live order book, 3 min ago; Coinbase International: live order book, 3 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, 3 min ago	3.33 bp	8.3 bp −$8	11.0 bp −$110	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	6.67 bp	11.7 bp −$12	17.3 bp −$173	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	−0.1945%	1h	0.004488	−0.176%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004490	−0.133%	$18K	$238K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004486	−0.225%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0064%	4h	0.004487	−0.200%	$5.0M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004495	−0.022%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.135%	$31K	$618K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004490	−0.122%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004492	−0.079%	$713K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004493	−0.067%	$499K	$755K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004493	−0.063%	$81.8M	$164.6M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004494	−0.044%	$24.6M	$95.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004489	−0.147%	$32K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004497	+0.022%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004494	−0.044%	$24.1M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004494	−0.044%	$17.7M	$18.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004492	−0.089%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004488	−0.178%	$802K	$204K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004494	−0.053%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004487	−0.207%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004499	+0.067%	$151K	$747K	50x	as long as short
Polymarket Perps PUMP-USDlong	+0.0100%	1h	0.004496	long leg	$107K	$2.0M	10x
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004488	−0.178%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004487	−0.190%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004489	−0.156%	$2K	$738K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004490	−0.133%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004488	−0.178%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004488	−0.178%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004495	−0.031%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004489	−0.156%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0196%	1h	0.004490	−0.133%	$70K	$117K	25x	as long as short
Extended PUMP-USD	+0.0256%	1h	0.004494	−0.038%	$3.9M	$3.8M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004484	−0.267%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0336%	1h	0.004493	−0.067%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004487	−0.200%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004498	+0.056%	$46K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004490	−0.139%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004488	−0.178%	$39K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTXshort	+0.0472%	1h	0.004493	−0.067%	$718K	$5.6M	50x
Hyperliquid PUMP	+0.0524%	1h	0.004496	0.000%	$168.6M	$50.1M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004497	+0.022%	$535K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0653%	1h	0.004490	−0.131%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1138%	1h	0.004490	−0.136%	$720	$106K	10x	as long as short