PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.041%

Price spread now: Popdex against Polymarket Perps−0.464%7-day average −1.345% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$45as in the Price arb table

costs, in and out, $10k−$430.429% of the position

Long on Polymarket Perps Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.799%−$80 · spread now −0.464%, 7d avg −1.345%

Together, before fees−0.741%−$74 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: Popdex is 0.880% dearer against Polymarket Perps than usual: you sell high and buy low, +$88 on $10k if it goes back to its 7-day average of −1.345%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps PUMP-USD	0.004521	0.0100	pay 0.0013% / 1h	21m 55s	$92K	$2.1M	10x
Short	Popdex PUMPUSDT	0.004500	0.0096	get 0.0012% / 1h	21m 55s	$30K	$772K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.464%Rate

Funding earned: −$0.84
Price spread: −0.464% → −1.345%: $88.03
Slippage, 4 orders: −$28.53
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $44.26
Costs to cover: 0.429%
Break-even: from the start

Slippage from Polymarket Perps: live order book, 2 min ago; Popdex: live order book, 47 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, 2 min ago	3.33 bp	7.3 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit
Sell Popdex live order book, 47 min ago	1.12 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit

PUMP on 41 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	−0.3873%	1h	0.004514	−0.151%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004515	−0.133%	$18K	$211K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004510	−0.246%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0072%	4h	0.004510	−0.243%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004511	−0.221%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004500	−0.464%	$30K	$772K	20x
Nado PUMP-PERP	+0.0100%	1h	0.004520	−0.011%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004514	−0.165%	$730K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004520	−0.022%	$496K	$662K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004515	−0.143%	$82.1M	$167.3M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004512	−0.199%	$24.5M	$99.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004520	−0.022%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004517	−0.088%	$40K	$63K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004510	−0.243%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004517	−0.088%	$24.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004511	−0.221%	$17.8M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004513	−0.177%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004512	−0.195%	$801K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004504	−0.369%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004531	+0.229%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004528	+0.155%	$151K	$752K	50x	as long as short
Polymarket Perps PUMP-USDlong	+0.0100%	1h	0.004521	long leg	$92K	$2.1M	10x
Derive PUMP-PERP	+0.0100%	1h	0.004509	−0.259%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004518	−0.066%	$2K	$742K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004509	−0.265%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004514	−0.155%	$22K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004511	−0.221%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004524	+0.066%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004506	−0.332%	$72K	$8K	3x	as long as short
Extended PUMP-USD	+0.0112%	1h	0.004513	−0.170%	$3.9M	$4.3M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0194%	1h	0.004511	−0.221%	$72K	$124K	25x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004518	−0.055%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0280%	1h	0.004520	−0.022%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004519	−0.044%	$556K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004519	−0.049%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0362% / S −0.0292%	1h	0.004513	−0.177%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004517	−0.088%	$725K	$5.9M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004524	+0.066%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0705%	1h	0.004519	−0.044%	$169.2M	$55.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0768%	1h	0.004506	−0.339%	$796	$111K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1233%	1h	0.004514	−0.151%	$1.3M	$3.1M	50x	as long as short