Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:38 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.046%

Price spread now: Bitget against Perpl+0.267%7-day average −0.021% · you sell dearer than you buy

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

Long on Perpl Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.211%+$21 on $10k

Price spread, last 4 days (all we have)−2.765%−$276 · spread now +0.267%, 7d avg −0.021%

Together, before fees−2.554%+ Points / potential airdropPerpl: Active · farm board−$255 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.288% dearer against Perpl than usual: you sell high and buy low: +$29 more if the spread goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004502	0	get 0.0000% / 43m	23m 52s	$18K	$211K	20x
Short	Bitget PUMPUSDT	0.004514	0.0100	get 0.0050% / 4h	2h 18m	$17.8M	$19.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Perpl. 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 PerplbpFee BitgetbpOrdersPrice spread, now +0.267%Rate

Funding earned: $21
Price spread: +0.267% → −0.021%: $28.79
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Bitget: 6 bp × 2 orders: −$12
Net: $23.99
Costs to cover: 0.258%
Break-even: from the start

Slippage unknown: Perpl: no order-book sample; Bitget: live order book, 5 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 Perpl no order-book sample	—	—	—	—	—
Sell Bitget live order book, 5 min ago	2.22 bp	14.1 bp −$14	34.3 bp −$343	doesn't fit	doesn't fit

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 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	−0.4677%	1h	0.004503	+0.024%	$21K	$9K	5x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004502	long leg	$18K	$211K	20x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004506	+0.088%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0075%	4h	0.004506	+0.089%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004510	+0.178%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.044%	$30K	$772K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004509	+0.167%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004510	+0.189%	$720K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004504	+0.044%	$523K	$717K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004522	+0.433%	$82.2M	$167.4M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004521	+0.422%	$24.6M	$99.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004520	+0.400%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004502	0.000%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004510	+0.178%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004524	+0.489%	$24.1M	$13.9M	50x	as long as short
Bitget PUMPUSDTshort	+0.0100%	4h	0.004514	+0.267%	$17.8M	$19.7M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004516	+0.311%	—	$13.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004512	+0.220%	$802K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004514	+0.273%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004512	+0.212%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004515	+0.289%	$150K	$752K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004510	+0.178%	$92K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004506	+0.092%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004506	+0.089%	$2K	$743K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004508	+0.133%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004500	−0.044%	$22K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004507	+0.111%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004505	+0.072%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004502	0.000%	$72K	$8K	3x	as long as short
Extended PUMP-USD	+0.0136%	1h	0.004513	+0.251%	$3.9M	$4.3M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0194%	1h	0.004508	+0.133%	$72K	$124K	25x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004513	+0.238%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004506	+0.089%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004504	+0.044%	$532K	$1.1M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004509	+0.149%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0362% / S −0.0293%	1h	0.004505	+0.067%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004513	+0.244%	$722K	$5.9M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004513	+0.244%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0722%	1h	0.004519	+0.378%	$169.3M	$55.3M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0811%	1h	0.004510	+0.172%	$797	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1233%	1h	0.004514	+0.271%	$1.3M	$3.1M	50x	as long as short