Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.094%

Price spread now: Reya against Aster+0.070%56s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · Reya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Reya is 0.070% dearer against Aster than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 56 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	Aster PUMPUSDT	0.004319	0.0100	pay 0.0050% / 4h	2h 12m	$779K	$2.0M	50x
Short	Reya PUMPRUSDPERP	0.004322	0.0344	get 0.0043% / 1h	12m 36s	$2	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Aster. 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 AsterbpFee ReyabpOrdersPrice spread, now +0.070%Rate

Funding earned: $51.14
Price spread: +0.070% → 0.000%: $6.98
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $44.12
Costs to cover: 0.140%
Break-even: 1.0 days

Slippage unknown: Aster: live order book, 1 min ago; Reya: no order-book sample. Net counts fees only.

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 Aster live order book, 1 min ago	3.47 bp	9.9 bp −$10	18.7 bp −$187	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.5174%	1h	0.004322	+0.063%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0230%	1h	0.004321	+0.049%	$770K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004321	+0.039%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0069%	4h	0.004317	−0.053%	$22.6M	$95.6M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0027%	4h	0.004322	+0.063%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004324	+0.109%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004325	+0.138%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0046%	4h	0.004320	+0.016%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0080%	1h	0.004320	+0.016%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004320	+0.016%	$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	−0.447%	$29K	$766K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004320	+0.006%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004319	+0.005%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004324	+0.109%	$158.4M	$52.5M	10x	as long as short
Aster PUMPUSDTlong	+0.0100%	4h	0.004319	long leg	$779K	$2.0M	50x
Pacifica PUMP	+0.0100%	1h	0.004320	+0.016%	$448K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004320	+0.006%	$76.7M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004319	−0.005%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004320	+0.016%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004323	+0.086%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004320	+0.016%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004319	−0.007%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004326	+0.154%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004333	+0.308%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004329	+0.225%	$137K	$772K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004327	+0.178%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004324	+0.104%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004324	+0.109%	$2K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004321	+0.039%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004320	+0.016%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004323	+0.086%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004319	−0.004%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004321	+0.039%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004323	+0.086%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004335	+0.370%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004334	+0.340%	$658K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0225%	1h	0.004323	+0.086%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004322	+0.063%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0341%	1h	0.004332	+0.297%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERPshort	+0.0344%	1h	0.004322	+0.070%	$2	—	3x
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.109%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0686%	1h	0.004327	+0.169%	$1.3M	$3.5M	50x	as long as short