Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.045%

Price spread now: Popdex against Perpl−2.162%7-day average −1.365% · you buy dearer than you sell

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

Long on Perpl Short on Popdex

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 3 days (all we have)+0.147%+$15 · spread now −2.162%, 7d avg −1.365%

Together, before fees+0.220%+ Points / potential airdropPerpl: Active · farm board+$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Popdex is 0.796% cheaper against Perpl than usual: you would sell low and buy high (spread −2.162% now, against its 7-day average of −1.365%). If the spread goes back, that is −$80 on $10k: about 28 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004395	0	get 0.0000% / 43m	21m 10s	$18K	$206K	20x
Short	Popdex PUMPUSDT	0.004300	0.0096	get 0.0012% / 1h	42m 10s	$33K	$775K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −2.162%Rate

Funding earned: $20.16
Price spread: −2.162% → −1.365%: −$79.62
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$79.66
Costs to cover: 0.202%
Break-even: 34.7 days

Slippage unknown: Perpl: no order-book sample; Popdex: live order book, 32 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 Popdex live order book, 32 min ago	3.43 bp	17.8 bp −$18	doesn't fit	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
Backpack PUMP_USDC_PERP	−0.0067%	1h	0.004397	+0.052%	$783K	$177K	5x	as long as short
dYdX PUMP-USD	−0.0019%	1h	0.004388	−0.155%	$20K	$9K	5x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004395	long leg	$18K	$206K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004398	+0.068%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004395	+0.005%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0038%	4h	0.004396	+0.023%	$23.0M	$97.4M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0041%	4h	0.004397	+0.046%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004397	+0.046%	$2.9M	$5.3M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004300	−2.162%	$33K	$775K	20x
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004390	−0.106%	$42K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004394	−0.011%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004396	+0.023%	$721K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004389	−0.137%	$458K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004397	+0.046%	$78.6M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004364	−0.708%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004391	−0.091%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004397	+0.046%	$4.7M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004399	+0.091%	$23.3M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004395	0.000%	$17.6M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004396	+0.023%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004360	−0.788%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004372	−0.524%	$1.2M	$10.1M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004365	−0.683%	$138K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004396	+0.023%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004397	+0.048%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004397	+0.046%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004397	+0.046%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004383	−0.273%	$21K	$136K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004398	+0.068%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004397	+0.036%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004395	0.000%	$70K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0200%	1h	0.004395	0.000%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004370	−0.580%	$40K	$99K	10x	as long as short
Hyperliquid PUMP	+0.0276%	1h	0.004403	+0.182%	$162.0M	$53.2M	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004393	−0.053%	$480K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004379	−0.364%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004394	−0.027%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0346% / S −0.0289%	1h	0.004395	0.000%	$74K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004401	+0.137%	$693K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004378	−0.387%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0533%	1h	0.004372	−0.513%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0935%	1h	0.004402	+0.155%	$1.3M	$3.5M	50x	as long as short