Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:36 UTC+0.0344%/8h= +37.6% APRpaid last 24h +0.118%

Price spread now: Reya against Perpl+0.014%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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 · Reya: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004305	0	get 0.0000% / 43m	35m 35s	$19K	$203K	20x
Short	Reya PUMPRUSDPERP	0.004306	0.0344	get 0.0043% / 1h	48m 35s	$2	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.014%Rate

Funding earned: $72.14
Price spread: +0.014% → 0.000%: $1.44
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Reya: 3 bp × 2 orders: −$6
Net: $53.78
Costs to cover: 0.198%
Break-even: 1.8 days

Slippage unknown: Perpl: no order-book sample; Reya: 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 Reya no order-book sample	—	—	—	—	—

Perpl and Reya: 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-USD	−0.3523%	1h	0.004309	+0.093%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0488%	1h	0.004304	−0.026%	$770K	$185K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0069%	4h	0.004295	−0.232%	$22.5M	$94.2M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0016%	4h	0.004304	−0.023%	$40K	$10K	10x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004305	long leg	$19K	$203K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004306	+0.023%	$68K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004305	−0.008%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0090%	4h	0.004306	+0.023%	$4.6M	$11.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004307	+0.046%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−2.439%	$28K	$775K	20x	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	0.004300	−0.125%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004294	−0.244%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004311	+0.139%	$157.7M	$52.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004305	0.000%	$782K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004308	+0.070%	$448K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004300	−0.113%	$76.3M	$164.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004306	+0.016%	$20K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004299	−0.139%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004307	+0.046%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004298	−0.163%	$16.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004300	−0.116%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004310	+0.120%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004300	−0.127%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004301	−0.093%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004309	+0.093%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004305	−0.009%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004308	+0.070%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004303	−0.046%	$710	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004298	−0.163%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004301	−0.093%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004298	−0.158%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004304	−0.023%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004300	−0.105%	$490K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004308	+0.072%	$39K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004300	−0.116%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004308	+0.070%	$656K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004305	0.000%	$67K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0324%	1h	0.004310	+0.111%	$179	$106K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004301	−0.093%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERPshort	+0.0344%	1h	0.004306	+0.014%	$2	—	3x
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.441%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0689%	1h	0.004308	+0.077%	$1.3M	$3.5M	50x	as long as short