Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:36 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.045%

Price spread now: Perpl against Paradex−0.170%45s7-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 Perpl

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 · Perpl: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.170% cheaper against Paradex than usual: you would sell low and buy high (−$17 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 45 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	Paradex PUMP-USD-PERP	0.004310	0.0100	pay 0.0100% / 8h	2h 53m	$41K	—	5x
Short	Perpl PUMP	0.004303	0	get 0.0000% / 43m	40m 29s	$19K	$202K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.170%Rate

Funding earned: −$21
Price spread: −0.170% → 0.000%: −$16.96
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$55.76
Costs to cover: 0.178%
Break-even: never at this rate

Slippage unknown: Paradex: 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 Paradex no order-book sample	—	—	—	—	—
Sell Perpl no order-book sample	—	—	—	—	—

Paradex 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
dYdX PUMP-USD	−0.5011%	1h	0.004316	+0.132%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0215%	1h	0.004307	−0.068%	$771K	$185K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0058%	4h	0.004308	−0.054%	$22.6M	$94.7M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0014%	4h	0.004306	−0.100%	$40K	$10K	10x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004303	−0.170%	$19K	$202K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004309	−0.030%	$68K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004309	−0.028%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0092%	4h	0.004305	−0.123%	$4.6M	$11.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004307	−0.077%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.239%	$29K	$775K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERPlong	+0.0100%	8h	0.004310	long leg	$41K	—	5x
Nado PUMP-PERP	+0.0100%	1h	0.004313	+0.074%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004315	+0.109%	$157.9M	$52.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004307	−0.074%	$782K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004309	−0.030%	$448K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004310	−0.002%	$76.5M	$164.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004312	+0.035%	$20K	$177K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004314	+0.086%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004309	−0.030%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004312	+0.039%	$17.1M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004311	+0.016%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004320	+0.235%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004321	+0.248%	$1.2M	$9.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004318	+0.178%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004307	−0.077%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004308	−0.064%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004309	−0.030%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004305	−0.123%	$710	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004303	−0.170%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004306	−0.100%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004313	+0.064%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004305	−0.123%	$71K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0120%	1h	0.004317	+0.155%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004315	+0.113%	$492K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0167%	1h	0.004322	+0.283%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004313	+0.062%	$654K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004308	−0.054%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004321	+0.248%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004305	−0.133%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0344%	1h	0.004318	+0.167%	$473	$105K	10x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004327	+0.387%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0689%	1h	0.004309	−0.020%	$1.3M	$3.5M	50x	as long as short