Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:36 UTC−0.5272%/8h= −577.3% APRpaid last 24h −0.034%

Price spread now: dYdX against Perpl+0.209%7-day average — · you sell dearer than you buy

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

Long on Perpl Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

The price spread pays, funding is against you. dYdX is 0.209% dearer against Perpl than usual: you sell high and buy low (spread +0.209% now, against zero (this spread has no 7-day history yet)): +$21 on $10k if it goes back. Holding the pair costs −$158 a day in funding at the current rate, which eats that in about 3 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004303	0	get 0.0000% / 43m	41m 28s	$19K	$202K	20x
Short	dYdX PUMP-USD	0.004312	−0.5272	pay 0.0659% / 1h	54m 28s	$20K	$8K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.209%Rate

Funding earned: −$1,107.08
Price spread: +0.209% → 0.000%: $20.92
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$1,109.96
Costs to cover: 0.238%
Break-even: never at this rate

Slippage unknown: Perpl: no order-book sample; dYdX: 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 Perpl no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Perpl and dYdX: 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-USDshort	−0.5272%	1h	0.004312	+0.209%	$20K	$8K	5x
Backpack PUMP_USDC_PERP	−0.0133%	1h	0.004326	+0.523%	$772K	$184K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0047%	4h	0.004302	−0.023%	$22.5M	$94.6M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0013%	4h	0.004326	+0.535%	$41K	$10K	10x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004303	long leg	$19K	$202K	20x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004326	+0.523%	$55K	—	150x	as long as short
01 Exchange PUMPUSD	+0.0024%	1h	0.004317	+0.325%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0080%	1h	0.004312	+0.209%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0080%	1h	0.004300	−0.070%	$29K	$775K	20x	as long as short
Gate PUMP_USDT	+0.0098%	4h	0.004302	−0.023%	$4.6M	$11.6M	75x	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-PERP	+0.0100%	8h	0.004303	+0.009%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004301	−0.035%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004309	+0.139%	$157.7M	$52.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004311	+0.176%	$783K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004311	+0.186%	$448K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004302	−0.014%	$76.3M	$164.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004325	+0.502%	$20K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004305	+0.046%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004312	+0.209%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004302	−0.023%	$17.1M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004298	−0.116%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004316	+0.301%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004317	+0.334%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004318	+0.349%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004307	+0.093%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004328	+0.575%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004325	+0.511%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004326	+0.535%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004316	+0.302%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004326	+0.535%	$2.0M	$4.1M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004299	−0.091%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004326	+0.535%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004307	+0.105%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0167%	1h	0.004322	+0.453%	$39K	$99K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0212%	1h	0.004331	+0.651%	$70K	$125K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004323	+0.465%	$658K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0221%	1h	0.004325	+0.511%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004321	+0.418%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0341%	1h	0.004319	+0.382%	$200	$105K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004305	+0.037%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004327	+0.558%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0686%	1h	0.004331	+0.641%	$1.3M	$3.5M	50x	as long as short