Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:29 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.046%

Price spread now: Perpl against Binance+0.046%7-day average +0.022% · you sell dearer than you buy

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

Long on Binance Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 3 days (all we have)+0.431%+$43 · spread now +0.046%, 7d avg +0.022%

Together, before fees+0.267%+ Points / potential airdropPerpl: Active · farm board+$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Perpl is 0.024% dearer against Binance than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of +0.022%): +$2 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 19 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PUMPUSDT	0.004365	0.0100	pay 0.0050% / 4h	11m 58s	$77.9M	$164.6M	75x
Short	Perpl PUMP	0.004367	0	get 0.0000% / 43m	7m 58s	$18K	$207K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Binance. 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 BinancebpFee PerplbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$21
Price spread: +0.046% → +0.022%: $2.36
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$42.44
Costs to cover: 0.238%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 1 min ago; Perpl: 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 Binance live order book, 1 min ago	1.14 bp	8.0 bp −$8	17.0 bp −$170	69.9 bp −$6,989	319.3 bp −$159.6K
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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	−0.0053%	1h	0.004373	+0.192%	$20K	$9K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004367	+0.046%	$18K	$207K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004369	+0.092%	$69K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004369	+0.096%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0006%	4h	0.004365	0.000%	$22.8M	$97.0M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0020%	4h	0.004367	+0.046%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004365	0.000%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.489%	$31K	$772K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004367	+0.045%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004370	+0.103%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004366	+0.020%	$729K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004370	+0.115%	$456K	$601K	10x	as long as short
Binance PUMPUSDTlong	+0.0100%	4h	0.004365	long leg	$77.9M	$164.6M	75x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004367	+0.053%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004369	+0.092%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004366	+0.023%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004368	+0.069%	$23.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004365	0.000%	$17.4M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004366	+0.023%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004363	−0.037%	$777K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004380	+0.345%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004374	+0.204%	$1.2M	$9.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004386	+0.481%	$138K	$763K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004372	+0.160%	$95K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004368	+0.067%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004365	0.000%	$2K	$720K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004364	−0.023%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004377	+0.275%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004366	+0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004365	−0.008%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004365	0.000%	$72K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0139%	1h	0.004369	+0.092%	$160.6M	$53.3M	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004388	+0.529%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004382	+0.389%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004369	+0.091%	$488K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004369	+0.092%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004374	+0.206%	$693K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0329% / S −0.0258%	1h	0.004368	+0.069%	$71K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004373	+0.183%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004368	+0.066%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0474%	1h	0.004371	+0.137%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0864%	1h	0.004370	+0.113%	$1.3M	$3.5M	50x	as long as short