Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.067%

Price spread now: Hyperliquid against Polymarket Perps+0.023%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$350.354% of the position

Long on Polymarket Perps Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.157%+$16 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.023%, 7d avg +0.040%

Together, before fees+0.139%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PUMP-USD	0.004302	0.0100	pay 0.0013% / 1h	43m 38s	$107K	$1.8M	10x
Short	Hyperliquid PUMP	0.004303	0.0100	get 0.0013% / 1h	43m 38s	$157.3M	$52.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.023%Rate

Funding earned: $0
Price spread: +0.023% → +0.040%: −$1.67
Slippage, 4 orders: −$18.39
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$37.06
Costs to cover: 0.354%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 5 min ago; Hyperliquid: live order book, 10 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, 5 min ago	4.65 bp	8.7 bp −$9	9.2 bp −$92	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 10 min ago	1.16 bp	9.1 bp −$9	18.3 bp −$183	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	−0.2570%	1h	0.004303	+0.019%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0558%	1h	0.004299	−0.067%	$769K	$184K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0072%	4h	0.004299	−0.070%	$22.5M	$94.2M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0015%	4h	0.004298	−0.093%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004293	−0.209%	$19K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004300	−0.046%	$68K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004299	−0.078%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0086%	4h	0.004299	−0.070%	$4.6M	$11.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004299	−0.070%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−2.371%	$28K	$774K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004298	−0.093%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004299	−0.058%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMPshort	+0.0100%	1h	0.004303	+0.023%	$157.3M	$52.4M	10x
Aster PUMPUSDT	+0.0100%	4h	0.004298	−0.104%	$780K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004300	−0.046%	$447K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004299	−0.070%	$76.3M	$164.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004293	−0.200%	$25K	$182K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004299	−0.070%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004301	−0.023%	$22.7M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004298	−0.093%	$16.9M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004299	−0.070%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004297	−0.113%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004297	−0.115%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004298	−0.093%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USDlong	+0.0100%	1h	0.004302	long leg	$107K	$1.8M	10x
Derive PUMP-PERP	+0.0100%	1h	0.004299	−0.067%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004298	−0.093%	$1K	$708K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004297	−0.116%	$709	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004292	−0.232%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004301	−0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004298	−0.093%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004298	−0.093%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004300	−0.035%	$489K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004300	−0.035%	$38K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0136%	1h	0.004301	−0.023%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004300	−0.046%	$652K	$5.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0303%	1h	0.004303	+0.012%	$179	$107K	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004298	−0.093%	$66K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004293	−0.209%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004297	−0.108%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.511%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0690%	1h	0.004305	+0.060%	$1.3M	$3.5M	50x	as long as short