Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:07 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.043%

Price spread now: Perpl against Pacifica−0.218%46s7-day average +0.003% · you buy dearer than you sell

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

Long on Pacifica Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 4 days (all we have)+1.458%+$146 · spread now −0.218%, 7d avg +0.003%

Together, before fees+1.420%+ Points / potential airdropPacifica: Active · Perpl: Active · farm board+$142 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.221% cheaper against Pacifica than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of +0.003%). Swap the legs. The two prices were read 46 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	Pacifica PUMP	0.004584	0.0100	pay 0.0013% / 1h	23m 23s	$527K	$892K	10x
Short	Perpl PUMP	0.004574	0	get 0.0000% / 43m	38m 23s	$18K	$264K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Pacifica. 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 PacificabpFee PerplbpOrdersPrice spread, now −0.218%Rate

Funding earned: −$21
Price spread: −0.218% → +0.003%: −$22.08
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$64.88
Costs to cover: 0.218%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 10 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 Pacifica live order book, 10 min ago	2.21 bp	12.3 bp −$12	doesn't fit	doesn't fit	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	−0.0126%	1h	0.004563	−0.455%	$21K	$11K	5x	as long as short
Gate PUMP_USDT	−0.0058%	4h	0.004599	+0.327%	$4.9M	$10.1M	75x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004574	−0.218%	$18K	$264K	20x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004565	−0.417%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004584	0.000%	$3.0M	$4.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.832%	$35K	$667K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004601	+0.363%	$859K	$2.4M	50x	as long as short
Pacifica PUMPlong	+0.0100%	1h	0.004584	long leg	$527K	$892K	10x
Binance PUMPUSDT	+0.0100%	4h	0.004602	+0.393%	$84.0M	$176.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004601	+0.371%	$25.3M	$105.5M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004563	−0.460%	$27K	$153K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004589	+0.109%	$55K	$145K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004594	+0.218%	$25.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004601	+0.371%	$17.9M	$18.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004602	+0.393%	—	$14.5M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004577	−0.161%	$820K	$213K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004560	−0.522%	$67K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004565	−0.415%	$1.3M	$11.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004535	−1.069%	$161K	$748K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004594	+0.218%	$108K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004602	+0.393%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004520	−1.395%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004576	−0.175%	$2K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004575	−0.196%	$261	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004573	−0.240%	$22K	$126K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004576	−0.175%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004588	+0.089%	$44K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004601	+0.376%	$3.8M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004598	+0.305%	$68K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0127%	1h	0.004607	+0.502%	$171.7M	$49.9M	10x	as long as short
Nado PUMP-PERP	+0.0281%	1h	0.004601	+0.360%	$1.7M	$2.2M	10x	as long as short
01 Exchange PUMPUSD	+0.0304%	1h	0.004593	+0.196%	$6K	$600	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004575	−0.196%	$65K	—	100x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004578	−0.133%	$45K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004565	−0.414%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004602	+0.387%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	−0.044%	$38K	$204K	12x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0406%	1h	0.004578	−0.131%	$70K	$114K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004578	−0.131%	$750K	$6.3M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004593	+0.189%	$534K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0809%	1h	0.004576	−0.179%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0975%	1h	0.004553	−0.670%	$704	$108K	10x	as long as short