Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.015%

Price spread now: Popdex against OKX−1.873%7-day average −1.252% · 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−$108as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on OKX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.011%+$1 on $10k

Price spread, last 4 days (all we have)+1.200%+$120 · spread now −1.873%, 7d avg −1.252%

Together, before fees+1.211%+$121 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 0.621% cheaper against OKX than usual: you would sell low and buy high, −$62 on $10k if it goes back to its 7-day average of −1.252%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PUMP-USDT-SWAP	0.004484	0.0100	pay 0.0050% / 4h	2h 05m	$24.4M	$98.7M	50x
Short	Popdex PUMPUSDT	0.004400	0.0096	get 0.0012% / 1h	5m 18s	$29K	$780K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against OKX. 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 OKXbpFee PopdexbpOrdersPrice spread, now −1.873%Rate

Funding earned: −$0.84
Price spread: −1.873% → −1.252%: −$62.1
Slippage, 4 orders: −$29.5
Fee OKX: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$108.84
Costs to cover: 0.459%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Popdex: live order book, 64 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 OKX live order book, 4 min ago	1.12 bp	9.5 bp −$10	23.6 bp −$236	141.6 bp −$14.2K	doesn't fit
Sell Popdex live order book, 64 min ago	1.12 bp	12.3 bp −$12	doesn't fit	doesn't fit	doesn't fit

PUMP on 41 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	−0.4256%	1h	0.004484	+0.002%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004484	0.000%	$18K	$214K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004487	+0.067%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004486	+0.044%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0086%	4h	0.004486	+0.045%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004489	+0.112%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004400	−1.873%	$29K	$780K	20x
Nado PUMP-PERP	+0.0100%	1h	0.004488	+0.100%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004485	+0.015%	$695K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004485	+0.022%	$523K	$717K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004487	+0.056%	$81.9M	$167.5M	75x	as long as short
OKX PUMP-USDT-SWAPlong	+0.0100%	4h	0.004484	long leg	$24.4M	$98.7M	50x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004485	+0.029%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004484	0.000%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004483	−0.022%	$4.9M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004487	+0.067%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004486	+0.045%	$17.7M	$19.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004486	+0.045%	—	$13.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004492	+0.190%	$799K	$186K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004495	+0.245%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004485	+0.022%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004497	+0.290%	$150K	$750K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004490	+0.134%	$99K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004486	+0.047%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004483	−0.022%	$2K	$743K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004487	+0.067%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004496	+0.268%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004494	+0.223%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004485	+0.024%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004485	+0.022%	$72K	$8K	3x	as long as short
Extended PUMP-USD	+0.0224%	1h	0.004485	+0.032%	$3.8M	$4.3M	50x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004498	+0.308%	$43K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004486	+0.045%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004485	+0.022%	$530K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004486	+0.039%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0349% / S −0.0278%	1h	0.004486	+0.045%	$72K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004499	+0.335%	$715K	$5.9M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004511	+0.602%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0725%	1h	0.004493	+0.201%	$168.4M	$55.3M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0868%	1h	0.004492	+0.189%	$593	$111K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1238%	1h	0.004494	+0.226%	$1.3M	$3.1M	50x	as long as short