Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Popdex against BingX−1.557%56s7-day average −1.293% · 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—prices read too far apart to compare

costs, in and out, $10k−$410.406% of the position

Long on BingX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.003%$0 on $10k

Price spread, last 4 days (all we have)+0.569%+$57 · spread now −1.557%, 7d avg −1.293%

Together, before fees+0.566%+$57 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 0.264% cheaper against BingX than usual: you would sell low and buy high, −$26 on $10k if it goes back to its 7-day average of −1.293%. 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	BingX PUMP-USDT	0.004368	0.0100	pay 0.0050% / 4h	33m 44s	—	$12.8M	—
Short	Popdex PUMPUSDT	0.004300	0.0096	get 0.0012% / 1h	33m 44s	$26K	$767K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against BingX. 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 BingXbpFee PopdexbpOrdersPrice spread, now −1.557%Rate

Funding earned: −$0.84
Price spread: −1.557% → −1.293%: −$26.39
Slippage, 4 orders: −$24.23
Fee BingX: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$67.86
Costs to cover: 0.406%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Popdex: live order book, 45 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 BingX live order book, 4 min ago	2.29 bp	7.9 bp −$8	11.4 bp −$114	41.7 bp −$4,172	191.9 bp −$96.0K
Sell Popdex live order book, 45 min ago	1.15 bp	11.4 bp −$11	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	−0.0005%	1h	0.004361	−0.160%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0003%	4h	0.004365	−0.069%	$22.8M	$96.6M	50x	as long as short
Perpl PUMP	0.0000%	43m	0.004359	−0.206%	$18K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004363	−0.114%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004361	−0.152%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0012%	4h	0.004361	−0.160%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004359	−0.206%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004300	−1.557%	$26K	$767K	20x
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004365	−0.066%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004358	−0.217%	$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	0.004361	−0.160%	$729K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004363	−0.114%	$456K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004359	−0.195%	$77.7M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004359	−0.204%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004370	+0.046%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004358	−0.229%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004368	0.000%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004369	+0.023%	$17.4M	$19.1M	75x	as long as short
BingX PUMP-USDTlong	+0.0100%	4h	0.004368	long leg	—	$12.8M	—
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004363	−0.124%	$777K	$181K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004375	+0.171%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004376	+0.188%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004378	+0.229%	$138K	$764K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004361	−0.160%	$97K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004362	−0.130%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004362	−0.137%	$2K	$717K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004361	−0.160%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004356	−0.275%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004358	−0.229%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004368	−0.006%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004360	−0.183%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004380	+0.270%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004381	+0.298%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004371	+0.069%	$485K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004370	+0.046%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004365	−0.069%	$688K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0320% / S −0.0242%	1h	0.004360	−0.183%	$68K	—	100x	as long as short
Hyperliquid PUMP	+0.0340%	1h	0.004363	−0.114%	$160.6M	$53.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004372	+0.092%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004358	−0.228%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0469%	1h	0.004378	+0.227%	$200	$105K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0865%	1h	0.004367	−0.028%	$1.3M	$3.5M	50x	as long as short