Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Popdex against Binance−0.807%7-day average −1.273% · 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+$4as in the Price arb table

costs, in and out, $10k−$430.425% of the position

Long on Binance Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.347%+$35 · spread now −0.807%, 7d avg −1.273%

Together, before fees+0.343%+$34 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 0.466% dearer against Binance than usual: you sell high and buy low, +$47 on $10k if it goes back to its 7-day average of −1.273%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PUMPUSDT	0.004335	0.0100	pay 0.0050% / 4h	1h 22m	$77.1M	$163.2M	75x
Short	Popdex PUMPUSDT	0.004300	0.0096	get 0.0012% / 1h	22m 56s	$29K	$764K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.807%Rate

Funding earned: −$0.84
Price spread: −0.807% → −1.273%: $46.58
Slippage, 4 orders: −$26.13
Fee Binance: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $3.2
Costs to cover: 0.425%
Break-even: from the start

Slippage from Binance: live order book, 5 min ago; Popdex: live order book, 61 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 Binance live order book, 5 min ago	1.16 bp	8.9 bp −$9	19.2 bp −$192	64.4 bp −$6,438	417.8 bp −$208.9K
Sell Popdex live order book, 61 min ago	1.15 bp	12.0 bp −$12	doesn't fit	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	−0.5383%	1h	0.004337	+0.057%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0049%	4h	0.004334	−0.023%	$22.7M	$95.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0007%	4h	0.004333	−0.046%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004334	−0.023%	$20K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004337	+0.046%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004336	+0.030%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0053%	1h	0.004335	−0.002%	$773K	$180K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004333	−0.046%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004337	+0.046%	$6K	$497	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004300	−0.807%	$29K	$764K	20x

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	0.004334	−0.021%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004333	−0.035%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004340	+0.115%	$158.9M	$52.2M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004335	−0.003%	$785K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004334	−0.023%	$449K	$606K	10x	as long as short
Binance PUMPUSDTlong	+0.0100%	4h	0.004335	long leg	$77.1M	$163.2M	75x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004330	−0.127%	$25K	$173K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004335	0.000%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004335	0.000%	$4.6M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004339	+0.092%	$23.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004337	+0.046%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004335	0.000%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004327	−0.178%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004334	−0.030%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004331	−0.092%	$137K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004338	+0.069%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004335	0.000%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004336	+0.023%	$1K	$712K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004333	−0.046%	$715	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004333	−0.046%	$21K	$139K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004333	−0.046%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004334	−0.030%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004333	−0.046%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004335	+0.012%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004336	+0.016%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004340	+0.115%	$668K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0312% / S −0.0230%	1h	0.004335	0.000%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004332	−0.069%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004334	−0.024%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0413%	1h	0.004329	−0.133%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004333	−0.046%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0806%	1h	0.004340	+0.113%	$1.3M	$3.5M	50x	as long as short