Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Bitget against Popdex+1.705%7-day average +1.326% · 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−$13as in the Price arb table

costs, in and out, $10k−$500.505% of the position

Long on Popdex Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.006%+$1 on $10k

Price spread, last 4 days (all we have)−0.722%−$72 · spread now +1.705%, 7d avg +1.326%

Together, before fees−0.717%−$72 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: Bitget is 0.378% dearer against Popdex than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of +1.326%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PUMPUSDT	0.004400	0.0096	pay 0.0012% / 1h	43m 41s	$28K	$617K	20x
Short	Bitget PUMPUSDT	0.004475	0.0100	get 0.0050% / 4h	2h 43m	$17.8M	$18.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +1.705%Rate

Funding earned: $0.84
Price spread: +1.705% → +1.326%: $37.81
Slippage, 4 orders: −$32.09
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$11.83
Costs to cover: 0.505%
Break-even: 105.6 days

Slippage from Popdex: live order book, 5 min ago; Bitget: live order book, 5 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, 5 min ago	1.11 bp	13.2 bp −$13	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	3.34 bp	13.0 bp −$13	27.3 bp −$273	doesn't fit	doesn't fit

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	−0.0025%	1h	0.004482	+1.866%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004494	+2.136%	$18K	$237K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004494	+2.136%	$70K	$115K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004494	+2.146%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0040%	4h	0.004476	+1.727%	$5.0M	$10.3M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004482	+1.864%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDTlong	+0.0096%	1h	0.004400	long leg	$28K	$617K	20x
Nado PUMP-PERP	+0.0100%	1h	0.004494	+2.148%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004481	+1.830%	$716K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004479	+1.795%	$536K	$761K	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	0.004473	+1.669%	$81.6M	$163.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004473	+1.659%	$24.6M	$94.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004486	+1.945%	$32K	$162K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004476	+1.727%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004478	+1.773%	$23.9M	$13.6M	50x	as long as short
Bitget PUMPUSDTshort	+0.0100%	4h	0.004475	+1.705%	$17.8M	$18.5M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004475	+1.705%	—	$13.6M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004492	+2.093%	$805K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004495	+2.163%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004489	+2.023%	$1.3M	$10.1M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004499	+2.250%	$152K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004498	+2.227%	$111K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004493	+2.114%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004493	+2.104%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004493	+2.114%	$2K	$735K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004492	+2.091%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004486	+1.955%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004493	+2.114%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004482	+1.855%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004490	+2.045%	$67K	$10K	3x	as long as short
Extended PUMP-USD	+0.0144%	1h	0.004474	+1.689%	$3.8M	$3.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004493	+2.114%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004476	+1.727%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004490	+2.045%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004495	+2.154%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004499	+2.259%	$46K	$119K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004501	+2.295%	$723K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004502	+2.318%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0572%	1h	0.004489	+2.023%	$168.4M	$48.4M	10x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004476	+1.739%	$532K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0815%	1h	0.004494	+2.127%	$1.0M	$3.2M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1091%	1h	0.004496	+2.181%	$521	$102K	10x	as long as short