Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Gate against Popdex+1.721%7-day average +1.302% · 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−$15as in the Price arb table

costs, in and out, $10k−$570.572% of the position

Long on Popdex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.715%−$72 · spread now +1.721%, 7d avg +1.302%

Together, before fees−0.715%−$71 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: Gate is 0.419% dearer against Popdex than usual: you sell high and buy low, +$42 on $10k if it goes back to its 7-day average of +1.302%.

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	35m 34s	$26K	$767K	20x
Short	Gate PUMP_USDT	0.004374	0.0100	get 0.0050% / 4h	35m 34s	$4.7M	$11.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +1.721%Rate

Funding earned: $0.84
Price spread: +1.721% → +1.302%: $41.93
Slippage, 4 orders: −$35.84
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$14.47
Costs to cover: 0.572%
Break-even: 127.6 days

Slippage from Popdex: live order book, 44 min ago; Gate: live order book, 3 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, 44 min ago	1.15 bp	12.2 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	1.14 bp	17.4 bp −$17	42.2 bp −$422	76.5 bp −$7,654	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
OKX PUMP-USDT-SWAP	−0.0007%	4h	0.004376	+1.767%	$22.9M	$96.7M	50x	as long as short
dYdX PUMP-USD	−0.0005%	1h	0.004376	+1.773%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004377	+1.791%	$18K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004380	+1.860%	$70K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004378	+1.816%	$56K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0010%	4h	0.004378	+1.814%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004375	+1.744%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDTlong	+0.0096%	1h	0.004300	long leg	$26K	$767K	20x
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004375	+1.733%	$42K	—	5x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004378	+1.814%	$731K	$2.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004376	+1.767%	$458K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004375	+1.744%	$77.9M	$163.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004373	+1.695%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004376	+1.767%	$42K	$53K	10x	as long as short
Gate PUMP_USDTshort	+0.0100%	4h	0.004374	+1.721%	$4.7M	$11.5M	75x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004379	+1.837%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004375	+1.744%	$17.4M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004375	+1.744%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004377	+1.798%	$780K	$181K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004375	+1.755%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004380	+1.860%	$1.2M	$9.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004379	+1.837%	$138K	$764K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004377	+1.802%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004382	+1.907%	$97K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004379	+1.827%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004379	+1.837%	$1K	$717K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004377	+1.791%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004374	+1.721%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004377	+1.791%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004375	+1.739%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004377	+1.791%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004385	+1.979%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004381	+1.884%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004378	+1.802%	$486K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0240%	1h	0.004379	+1.837%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004382	+1.907%	$690K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0320% / S −0.0241%	1h	0.004378	+1.814%	$69K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004377	+1.791%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004377	+1.790%	$2	—	3x	as long as short
Hyperliquid PUMP	+0.0382%	1h	0.004381	+1.884%	$161.4M	$52.5M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0469%	1h	0.004382	+1.901%	$182	$105K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0862%	1h	0.004385	+1.968%	$1.3M	$3.5M	50x	as long as short