Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:40 UTC+0.0764%/8h= +83.7% APRpaid last 24h +0.112%

Price spread now: RISEx against Perpl+0.222%49s7-day average +0.023% · you sell dearer than you buy

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

Long on Perpl Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.310%+$31 on $10k

Price spread, last 4 days (all we have)−0.574%−$57 · spread now +0.222%, 7d avg +0.023%

Together, before fees−0.264%+ Points / potential airdropPerpl: Active · farm board−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and RISEx is 0.199% dearer against Perpl than usual: you sell high and buy low: +$20 more if the spread goes back to its 7-day average of +0.023%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004532	0	get 0.0000% / 43m	13m 31s	$18K	$266K	20x
Short	RISEx PUMP/USDC	0.004542	0.0764	get 0.0096% / 1h	7m 31s	$541K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.222%Rate

Funding earned: $160.53
Price spread: +0.222% → +0.023%: $19.89
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $160.63
Costs to cover: 0.198%
Break-even: from the start

Slippage unknown: Perpl: no order-book sample; RISEx: 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 RISEx live order book, 1 min ago	2.20 bp	5.2 bp −$5	10.2 bp −$102	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 41 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	−0.0005%	1h	0.004530	−0.041%	$21K	$11K	5x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004532	long leg	$18K	$266K	20x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004529	−0.071%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0084%	4h	0.004528	−0.088%	$5.0M	$10.5M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004532	0.000%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.706%	$30K	$647K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004537	+0.120%	$830K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004531	−0.022%	$534K	$859K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004535	+0.066%	$83.1M	$172.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004528	−0.088%	$24.9M	$98.6M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004535	+0.060%	$27K	$157K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004540	+0.177%	$65K	$100K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004532	0.000%	$24.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004532	0.000%	$17.8M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004535	+0.066%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004536	+0.086%	$812K	$199K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004528	−0.096%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004528	−0.091%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004530	−0.044%	$153K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004533	+0.022%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004535	+0.066%	$43K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004531	−0.022%	$2K	$769K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004535	+0.066%	$285	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004525	−0.154%	$22K	$83K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004534	+0.044%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004532	−0.010%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004534	+0.049%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004533	+0.022%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0191%	1h	0.004536	+0.088%	$69K	$116K	25x	as long as short
Nado PUMP-PERP	+0.0211%	1h	0.004530	−0.033%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0303% / S −0.0274%	1h	0.004528	−0.088%	$65K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004542	+0.221%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004531	−0.022%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004532	−0.006%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004538	+0.143%	$48K	$139K	10x	as long as short
Hyperliquid PUMP	+0.0505%	1h	0.004536	+0.088%	$169.5M	$50.9M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004540	+0.177%	$732K	$5.9M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0544%	1h	0.004538	+0.135%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004537	+0.110%	$38K	$205K	12x	as long as short
RISEx PUMP/USDCshort	+0.0764%	1h	0.004542	+0.222%	$541K	$1.1M	10x
Aftermath Perps PUMPUSD	+0.1023%	1h	0.004531	−0.018%	$501	$112K	10x	as long as short