Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Binance against Popdex+0.339%7-day average +1.293% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$145as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on Popdex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.346%−$35 · spread now +0.339%, 7d avg +1.293%

Together, before fees−0.339%−$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.954% cheaper against Popdex than usual: you would sell low and buy high, −$95 on $10k if it goes back to its 7-day average of +1.293%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PUMPUSDT	0.004300	0.0096	pay 0.0012% / 1h	58m 15s	$29K	$775K	20x
Short	Binance PUMPUSDT	0.004315	0.0100	get 0.0050% / 4h	2h 58m	$76.6M	$165.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Popdex. 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 PopdexbpFee BinancebpOrdersPrice spread, now +0.339%Rate

Funding earned: $0.84
Price spread: +0.339% → +1.293%: −$95.37
Slippage, 4 orders: −$32.9
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Binance: 5 bp × 2 orders: −$10
Net: −$143.84
Costs to cover: 0.493%
Break-even: 1205.7 days

Slippage from Popdex: live order book, 31 min ago; Binance: live order book, 15 min ago.

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 Popdex live order book, 31 min ago	4.64 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.16 bp	9.3 bp −$9	17.0 bp −$170	51.3 bp −$5,130	246.0 bp −$123.0K

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	−0.5790%	1h	0.004322	+0.513%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0040%	4h	0.004312	+0.279%	$22.6M	$95.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0013%	4h	0.004314	+0.326%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004320	+0.465%	$20K	$201K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004317	+0.395%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004318	+0.420%	$55K	—	150x	as long as short
Lighter PUMP	+0.0064%	1h	0.004315	+0.349%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDTlong	+0.0096%	1h	0.004300	long leg	$29K	$775K	20x
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004322	+0.510%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004316	+0.384%	$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
Hyperliquid PUMP	+0.0100%	1h	0.004323	+0.535%	$158.3M	$52.3M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004318	+0.419%	$784K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004322	+0.512%	$449K	$614K	10x	as long as short
Binance PUMPUSDTshort	+0.0100%	4h	0.004315	+0.339%	$76.6M	$165.7M	75x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004317	+0.384%	$20K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004321	+0.488%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004318	+0.419%	$4.6M	$11.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004321	+0.488%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004313	+0.302%	$17.1M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004318	+0.419%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004325	+0.570%	$772K	$186K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004320	+0.465%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004320	+0.465%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004322	+0.512%	$136K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004321	+0.488%	$110K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004316	+0.368%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004317	+0.395%	$2K	$711K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004314	+0.326%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004317	+0.395%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004317	+0.395%	$2.0M	$4.1M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004313	+0.302%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004314	+0.326%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004322	+0.512%	$492K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004321	+0.488%	$6K	$497	10x	as long as short
Phoenix PUMP	+0.0167%	1h	0.004323	+0.542%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004326	+0.605%	$657K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0222%	1h	0.004318	+0.419%	$67K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0336%	1h	0.004320	+0.459%	$200	$105K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004324	+0.558%	$3.5M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004317	+0.385%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004334	+0.791%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0687%	1h	0.004319	+0.450%	$1.3M	$3.5M	50x	as long as short