Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:22 UTC−0.0212%/8h= −23.2% APRpaid last 24h −0.046%

Price spread now: Perpl against Derive−0.014%7-day average — · you buy dearer than you sell

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

Long on Derive Short on Perpl

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 airdropPerpl: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$6 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive PUMP-PERP	0.004406	0.0100	pay 0.0013% / 1h	55m 57s	$5K	$13K	6.7x
Short	Perpl PUMP	0.004405	−0.0112	pay 0.0010% / 43m	26m 57s	$18K	$233K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Derive. 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 DerivebpFee PerplbpOrdersPrice spread, now −0.014%Rate

Funding earned: −$44.44
Price spread: −0.014% → 0.000%: −$1.39
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$65.64
Costs to cover: 0.198%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; 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 Derive no order-book sample	—	—	—	—	—
Sell Perpl no order-book sample	—	—	—	—	—

Derive and 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
Backpack PUMP_USDC_PERP	−0.0584%	1h	0.004405	−0.009%	$780K	$197K	5x	as long as short
Perpl PUMPshort	−0.0112%	43m	0.004405	−0.014%	$18K	$233K	20x
dYdX PUMP-USD	0.0000%	1h	0.004403	−0.059%	$20K	$9K	5x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004404	−0.036%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004406	+0.009%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.127%	$29K	$822K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004406	+0.020%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004406	+0.015%	$693K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004404	−0.037%	$489K	$817K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004404	−0.029%	$79.9M	$172.1M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004403	−0.059%	$23.9M	$97.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004378	−0.631%	$36K	$186K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004404	−0.037%	$65K	$91K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004405	−0.014%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004400	−0.127%	$23.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004401	−0.105%	$17.5M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004406	+0.009%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004398	−0.183%	$64K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004399	−0.149%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004401	−0.105%	$147K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004408	+0.054%	$97K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004405	−0.014%	$41K	$11K	10x	as long as short
Derive PUMP-PERPlong	+0.0100%	1h	0.004406	long leg	$5K	$13K	6.7x
SunX PUMP-USDT	+0.0100%	4h	0.004405	−0.014%	$2K	$761K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004406	+0.009%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004402	−0.082%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004406	+0.009%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004405	−0.008%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004403	−0.059%	$70K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004403	−0.059%	$59K	—	100x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0204%	1h	0.004408	+0.054%	$70K	$124K	25x	as long as short
Extended PUMP-USD	+0.0208%	1h	0.004401	−0.115%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0240%	1h	0.004405	−0.014%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004406	+0.018%	$43K	$102K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004399	−0.150%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004405	−0.018%	$2	—	3x	as long as short
Hyperliquid PUMP	+0.0430%	1h	0.004411	+0.122%	$164.8M	$56.1M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004411	+0.122%	$696K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004405	−0.003%	$524K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004409	+0.077%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0804%	1h	0.004409	+0.066%	$1.1M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0881%	1h	0.004408	+0.061%	$582	$115K	10x	as long as short