Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against Paradex−0.250%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · Ondo Perps: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.250% cheaper against Paradex than usual: you would sell low and buy high, −$25 on $10k if it 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	Paradex PUMP-USD-PERP	0.004320	0.0100	pay 0.0100% / 8h	1h 42m	$42K	—	5x
Short	Ondo Perps PUMP-USD.P	0.004309	0.0100	get 0.0013% / 1h	42m 44s	$25K	$178K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Paradex. 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 ParadexbpFee Ondo PerpsbpOrdersPrice spread, now −0.250%Rate

Funding earned: $0
Price spread: −0.250% → 0.000%: −$25
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$34
Costs to cover: 0.090%
Break-even: 347859.1 days

Slippage unknown: Paradex: no order-book sample; Ondo Perps: 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 Paradex no order-book sample	—	—	—	—	—
Sell Ondo Perps no order-book sample	—	—	—	—	—

Paradex and Ondo Perps: 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	−0.4966%	1h	0.004325	+0.108%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0035%	4h	0.004318	−0.044%	$22.6M	$95.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0016%	4h	0.004317	−0.067%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004320	+0.002%	$20K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004319	−0.021%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004320	+0.002%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0034%	1h	0.004319	−0.032%	$770K	$181K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004320	+0.002%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.461%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERPlong	+0.0100%	8h	0.004320	long leg	$42K	—	5x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004321	+0.037%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004328	+0.188%	$158.5M	$52.6M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004321	+0.015%	$779K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004321	+0.025%	$448K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004320	+0.002%	$76.8M	$163.5M	75x	as long as short
Ondo Perps PUMP-USD.Pshort	+0.0100%	1h	0.004309	−0.250%	$25K	$178K	5x
Arcus PUMP-USD	+0.0100%	1h	0.004322	+0.049%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004320	+0.002%	$4.6M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004322	+0.049%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004320	+0.002%	$17.1M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004320	+0.002%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004315	−0.102%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004316	−0.089%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004320	+0.002%	$136K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004325	+0.118%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004318	−0.043%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004319	−0.021%	$2K	$712K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004318	−0.044%	$712	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004316	−0.090%	$21K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004318	−0.044%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004321	+0.020%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004316	−0.090%	$71K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0112%	1h	0.004324	+0.095%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004324	+0.095%	$489K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004317	−0.072%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004325	+0.118%	$656K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0310% / S −0.0228%	1h	0.004318	−0.044%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004317	−0.067%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004321	+0.029%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0357%	1h	0.004320	−0.003%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004316	−0.090%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0809%	1h	0.004324	+0.103%	$1.3M	$3.5M	50x	as long as short