Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:22 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.046%

Price spread now: Nado against Perpl−0.078%7-day average +0.012% · you buy dearer than you sell

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

Long on Perpl Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.072%+$7 on $10k

Price spread, last 4 days (all we have)+0.079%+$8 · spread now −0.078%, 7d avg +0.012%

Together, before fees+0.151%+ Points / potential airdropPerpl: Active · Nado: Active · farm board+$15 on $10k · with fees, hour by hour

Funding pays, the price is against you. Nado is 0.090% cheaper against Perpl than usual: you would sell low and buy high (spread −0.078% now, against its 7-day average of +0.012%). If the spread goes back, that is −$9 on $10k: about 34 hours of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.072% in total) that is about 4.2 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004478	−0.0112	get 0.0010% / 43m	5m 30s	$18K	$230K	20x
Short	Nado PUMP-PERP	0.004474	0.0100	get 0.0012% / 1h	17m 30s	$1.7M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Perpl. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpOrdersPrice spread, now −0.078%Rate

Funding earned: $44.44
Price spread: −0.078% → +0.012%: −$9.01
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $14.63
Costs to cover: 0.208%
Break-even: 4.7 days

Slippage unknown: Perpl: no order-book sample; Nado: 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 Nado live order book, 1 min ago	1.11 bp	7.8 bp −$8	21.6 bp −$216	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 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
Perpl PUMPlong	−0.0112%	43m	0.004478	long leg	$18K	$230K	20x
dYdX PUMP-USD	−0.0009%	1h	0.004487	+0.201%	$21K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004485	+0.156%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004473	−0.113%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004486	+0.179%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.742%	$31K	$792K	20x	as long as short
Orderly PERP_PUMP_USDC	+0.0099%	4h	0.004483	+0.112%	$42K	$10K	10x	as long as short
Nado PUMP-PERPshort	+0.0100%	1h	0.004474	−0.078%	$1.7M	$2.0M	10x
Aster PUMPUSDT	+0.0100%	4h	0.004485	+0.147%	$706K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004485	+0.156%	$491K	$783K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004479	+0.032%	$81.5M	$170.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004474	−0.089%	$24.4M	$98.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004475	−0.065%	$37K	$191K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004483	+0.112%	$61K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004481	+0.067%	$5.0M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004478	0.000%	$23.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004475	−0.067%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004473	−0.112%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004486	+0.172%	$796K	$189K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004483	+0.109%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004486	+0.179%	$1.3M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004478	0.000%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004480	+0.045%	$109K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004483	+0.109%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004489	+0.246%	$2K	$754K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004485	+0.156%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004478	0.000%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004483	+0.112%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004485	+0.154%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004481	+0.067%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004481	+0.067%	$60K	—	100x	as long as short
Extended PUMP-USD	+0.0264%	1h	0.004480	+0.052%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004481	+0.067%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004480	+0.036%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004488	+0.223%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004474	−0.096%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004490	+0.268%	$718K	$6.0M	50x	as long as short
Hyperliquid PUMP	+0.0504%	1h	0.004482	+0.089%	$167.7M	$55.8M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004481	+0.062%	$533K	$994K	10x	as long as short
Aftermath Perps PUMPUSD	+0.0863%	1h	0.004478	−0.007%	$591	$117K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	−0.514%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1333%	1h	0.004487	+0.203%	$1.1M	$3.3M	50x	as long as short