Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:46 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.045%

Price spread now: Gate against Perpl0.000%7-day average −0.033% · you sell dearer than you buy

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

Long on Perpl Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.123%+$12 on $10k

Price spread, last 3 days (all we have)−0.495%−$50 · spread now 0.000%, 7d avg −0.033%

Together, before fees−0.372%+ Points / potential airdropPerpl: Active · farm board−$37 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 Gate is 0.033% dearer against Perpl than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004377	0	get 0.0000% / 43m	33m 31s	$18K	$203K	20x
Short	Gate PUMP_USDT	0.004377	0.0100	get 0.0050% / 4h	37m 31s	$4.7M	$11.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now 0.000%Rate

Funding earned: $21
Price spread: 0.000% → −0.033%: $3.26
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$4.54
Costs to cover: 0.288%
Break-even: 8.5 days

Slippage unknown: Perpl: no order-book sample; Gate: live order book, 1 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 Gate live order book, 1 min ago	1.14 bp	17.4 bp −$17	42.2 bp −$422	76.5 bp −$7,654	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 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
OKX PUMP-USDT-SWAP	−0.0010%	4h	0.004377	0.000%	$22.9M	$96.7M	50x	as long as short
dYdX PUMP-USD	−0.0006%	1h	0.004376	−0.017%	$20K	$9K	5x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004377	long leg	$18K	$203K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004375	−0.046%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004378	+0.014%	$56K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0009%	4h	0.004374	−0.069%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004378	+0.023%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.759%	$26K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004379	+0.039%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004377	+0.011%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004378	+0.027%	$731K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004380	+0.069%	$458K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004376	−0.019%	$78.0M	$163.8M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004373	−0.094%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004378	+0.023%	$42K	$53K	10x	as long as short
Gate PUMP_USDTshort	+0.0100%	4h	0.004377	0.000%	$4.7M	$11.5M	75x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004380	+0.069%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004377	0.000%	$17.4M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004377	0.000%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004376	−0.030%	$780K	$181K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004377	+0.009%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004380	+0.068%	$1.2M	$9.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004379	+0.046%	$138K	$764K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004380	+0.069%	$97K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004375	−0.043%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004374	−0.069%	$2K	$716K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004373	−0.091%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004373	−0.091%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004376	−0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004376	−0.028%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004373	−0.091%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004385	+0.185%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004393	+0.366%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004379	+0.046%	$486K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0248%	1h	0.004379	+0.046%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004382	+0.114%	$690K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0320% / S −0.0241%	1h	0.004375	−0.046%	$69K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004378	+0.023%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004375	−0.046%	$2	—	3x	as long as short
Hyperliquid PUMP	+0.0395%	1h	0.004382	+0.114%	$161.4M	$52.5M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0468%	1h	0.004382	+0.123%	$182	$105K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0863%	1h	0.004378	+0.026%	$1.3M	$3.5M	50x	as long as short