Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.073%

Price spread now: Reya against BingX+0.087%7-day average — · you sell dearer than you buy

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

Long on BingX 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 airdropReya: 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 0.087% dearer against BingX than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PUMP-USDT	0.004390	0.0100	pay 0.0050% / 4h	3h 42m	—	$12.8M	—
Short	Reya PUMPRUSDPERP	0.004394	0.0344	get 0.0043% / 1h	42m 29s	$2	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.087%Rate

Funding earned: $51.14
Price spread: +0.087% → 0.000%: $8.72
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $43.86
Costs to cover: 0.160%
Break-even: 1.0 days

Slippage unknown: BingX: live order book, 6 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 BingX live order book, 6 min ago	1.15 bp	8.4 bp −$8	14.5 bp −$145	42.6 bp −$4,255	156.1 bp −$78.0K
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
Backpack PUMP_USDC_PERP	−0.0114%	1h	0.004381	−0.194%	$781K	$177K	5x	as long as short
dYdX PUMP-USD	−0.0019%	1h	0.004388	−0.042%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004395	+0.114%	$18K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004385	−0.114%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004384	−0.136%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0031%	4h	0.004392	+0.046%	$23.0M	$97.3M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0041%	4h	0.004384	−0.137%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004388	−0.046%	$2.9M	$5.3M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−2.050%	$33K	$775K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004390	+0.008%	$42K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004394	+0.103%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004388	−0.038%	$719K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004389	−0.023%	$458K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004392	+0.044%	$78.5M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004364	−0.595%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004391	+0.023%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004389	−0.023%	$4.7M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004390	0.000%	$23.3M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004393	+0.068%	$17.6M	$19.1M	75x	as long as short
BingX PUMP-USDTlong	+0.0100%	4h	0.004390	long leg	—	$12.8M	—
edgeX PUMPUSDC	+0.0100%	4h	0.004360	−0.675%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004372	−0.410%	$1.2M	$10.1M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004365	−0.569%	$138K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004396	+0.137%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004384	−0.136%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004386	−0.091%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004382	−0.182%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004379	−0.251%	$21K	$136K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004381	−0.205%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004391	+0.013%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004385	−0.114%	$70K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0200%	1h	0.004395	+0.114%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004370	−0.467%	$40K	$99K	10x	as long as short
Hyperliquid PUMP	+0.0276%	1h	0.004400	+0.228%	$161.9M	$53.2M	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004393	+0.061%	$480K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004379	−0.251%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERPshort	+0.0344%	1h	0.004394	+0.087%	$2	—	3x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0346% / S −0.0288%	1h	0.004384	−0.137%	$74K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004390	0.000%	$692K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004378	−0.273%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0533%	1h	0.004369	−0.479%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0938%	1h	0.004387	−0.067%	$1.3M	$3.5M	50x	as long as short