Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0009%/8h= −0.9% APRpaid last 24h −0.001%

Price spread now: Popdex against Paradex−1.265%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 Popdex

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 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 1.265% cheaper against Paradex than usual: you would sell low and buy high, −$126 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	0.004456	0.0105	pay 0.0105% / 8h	2h 22m	$42K	$276	5x
Short	Popdex PUMPUSDT	0.004400	0.0096	get 0.0012% / 1h	22m 31s	$30K	$641K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −1.265%Rate

Funding earned: −$1.82
Price spread: −1.265% → 0.000%: −$126.49
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$138.71
Costs to cover: 0.104%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Popdex: live order book, 27 min ago. 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 Popdex live order book, 27 min ago	1.11 bp	12.6 bp −$13	doesn't fit	doesn't fit	doesn't fit

Paradex: 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	−0.0011%	1h	0.004453	−0.070%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004430	−0.592%	$18K	$244K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004429	−0.617%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004457	+0.014%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004400	−1.265%	$30K	$641K	20x
Aster PUMPUSDT	+0.0100%	4h	0.004461	+0.102%	$711K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004455	−0.031%	$536K	$774K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004462	+0.126%	$81.8M	$166.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004463	+0.149%	$24.5M	$94.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004440	−0.372%	$26K	$166K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004463	+0.149%	$65K	$103K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004457	+0.014%	$5.0M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004448	−0.188%	$23.9M	$13.7M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004460	+0.081%	$17.6M	$18.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004459	+0.059%	—	$13.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004435	−0.489%	$798K	$203K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004435	−0.472%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004429	−0.606%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004436	−0.457%	$150K	$748K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004433	−0.524%	$112K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004430	−0.592%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004428	−0.628%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004433	−0.524%	$1K	$748K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004432	−0.547%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004432	−0.547%	$21K	$92K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004431	−0.569%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004461	+0.111%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004429	−0.614%	$66K	$10K	3x	as long as short
Paradex PUMP-USD-PERPlong	+0.0105%	8h	0.004456	long leg	$42K	$276	5x
Nado PUMP-PERP	+0.0129%	1h	0.004434	−0.491%	$1.6M	$2.0M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0200%	1h	0.004427	−0.659%	$53K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004464	+0.171%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004435	−0.480%	$3.7M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004430	−0.597%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004433	−0.524%	$45K	$119K	10x	as long as short
Hyperliquid PUMP	+0.0412%	1h	0.004453	−0.076%	$166.0M	$49.9M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0427%	1h	0.004433	−0.524%	$69K	$115K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004438	−0.412%	$705K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004439	−0.390%	$38K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004464	+0.169%	$530K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0826%	1h	0.004434	−0.496%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1115%	1h	0.004440	−0.365%	$514	$104K	10x	as long as short