Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:48 UTC−0.0076%/8h= −8.3% APRpaid last 24h −0.048%

Price spread now: Perpl against Gate+0.068%7-day average +0.030% · you sell dearer than you buy

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

Long on Gate Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$13 on $10k

Price spread, last 4 days (all we have)+0.563%+$56 · spread now +0.068%, 7d avg +0.030%

Together, before fees+0.428%+ Points / potential airdropPerpl: Active · farm board+$43 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Perpl is 0.038% dearer against Gate than usual: you sell high and buy low (spread +0.068% now, against its 7-day average of +0.030%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 40 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PUMP_USDT	0.004440	−0.0036	get 0.0018% / 4h	3h 34m	$4.9M	$10.4M	75x
Short	Perpl PUMP	0.004443	−0.0112	pay 0.0010% / 43m	31m 21s	$18K	$239K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Gate. 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 GatebpFee PerplbpOrdersPrice spread, now +0.068%Rate

Funding earned: −$15.88
Price spread: +0.068% → +0.030%: $3.77
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$40.91
Costs to cover: 0.288%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 4 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 Gate live order book, 4 min ago	2.27 bp	15.2 bp −$15	31.4 bp −$314	69.6 bp −$6,956	doesn't fit
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	−0.4490%	1h	0.004441	+0.028%	$20K	$11K	5x	as long as short
Perpl PUMPshort	−0.0112%	43m	0.004443	+0.068%	$18K	$239K	20x
Gate PUMP_USDTlong	−0.0036%	4h	0.004440	long leg	$4.9M	$10.4M	75x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004440	−0.004%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004445	+0.113%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.901%	$29K	$682K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004444	+0.101%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004446	+0.135%	$711K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004445	+0.113%	$493K	$824K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004442	+0.037%	$81.0M	$170.5M	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	0.004441	+0.023%	$24.3M	$97.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004431	−0.212%	$31K	$187K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004448	+0.180%	$62K	$99K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004448	+0.180%	$23.9M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004442	+0.045%	$17.5M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004444	+0.090%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004434	−0.128%	$791K	$208K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004430	−0.217%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004414	−0.586%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004435	−0.113%	$147K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004448	+0.180%	$105K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004440	0.000%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004439	−0.029%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004439	−0.023%	$1K	$760K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004433	−0.158%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004434	−0.135%	$21K	$105K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004433	−0.158%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004449	+0.192%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004440	0.000%	$66K	$13K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0200%	1h	0.004442	+0.045%	$71K	$122K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004438	−0.045%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0312%	1h	0.004444	+0.095%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004435	−0.113%	$3.7M	$4.4M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004422	−0.405%	$42K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004441	+0.018%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0360%	1h	0.004448	+0.180%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004423	−0.383%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004440	0.000%	$709K	$5.8M	50x	as long as short
Hyperliquid PUMP	+0.0537%	1h	0.004447	+0.158%	$166.5M	$53.8M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004449	+0.195%	$529K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0661%	1h	0.004436	−0.087%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0996%	1h	0.004435	−0.106%	$499	$111K	10x	as long as short