Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.089%

Price spread now: OKX against Reya−0.153%57s7-day average — · you buy dearer than you sell

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

Long on Reya Short on OKX

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 airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and OKX is 0.153% cheaper against Reya than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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	Reya PUMPRUSDPERP	0.004436	0.0344	pay 0.0043% / 1h	58m 35s	$2	—	3x
Short	OKX PUMP-USDT-SWAP	0.004429	0.0100	get 0.0050% / 4h	3h 58m	$24.1M	$97.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX against Reya. 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 ReyabpFee OKXbpOrdersPrice spread, now −0.153%Rate

Funding earned: −$51.14
Price spread: −0.153% → 0.000%: −$15.28
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$82.42
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; OKX: live order book, 5 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 Reya no order-book sample	—	—	—	—	—
Sell OKX live order book, 5 min ago	1.13 bp	9.8 bp −$10	24.8 bp −$248	128.8 bp −$12.9K	doesn't fit

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	−1.2615%	1h	0.004429	−0.148%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	−0.0878%	1h	0.004428	−0.175%	$70K	$122K	25x	as long as short
Perpl PUMP	−0.0112%	43m	0.004435	−0.018%	$18K	$238K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004435	−0.022%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004430	−0.130%	$2.8M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.807%	$29K	$710K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004429	−0.162%	$701K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004430	−0.130%	$497K	$821K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004431	−0.113%	$80.7M	$172.5M	75x	as long as short
OKX PUMP-USDT-SWAPshort	+0.0100%	4h	0.004429	−0.153%	$24.1M	$97.5M	50x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004438	+0.048%	$31K	$193K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004432	−0.085%	$62K	$99K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004425	−0.243%	$4.9M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004431	−0.108%	$23.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004428	−0.175%	$17.4M	$20.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004431	−0.108%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004429	−0.164%	$790K	$208K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004446	+0.234%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004447	+0.253%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004445	+0.208%	$147K	$757K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004439	+0.073%	$104K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004434	−0.040%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004433	−0.067%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004438	+0.050%	$2K	$768K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004434	−0.040%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004429	−0.153%	$21K	$105K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004436	+0.005%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004431	−0.117%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004434	−0.040%	$66K	$13K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004432	−0.085%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0312%	1h	0.004429	−0.146%	$3.9M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004433	−0.063%	$6K	$625	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004435	−0.018%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERPlong	+0.0344%	1h	0.004436	long leg	$2	—	3x
Phoenix PUMP	+0.0345%	1h	0.004451	+0.350%	$42K	$114K	10x	as long as short
Hyperliquid PUMP	+0.0368%	1h	0.004434	−0.040%	$166.2M	$55.0M	10x	as long as short
Nado PUMP-PERP	+0.0401%	1h	0.004436	+0.016%	$1.6M	$2.1M	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004441	+0.118%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004445	+0.208%	$707K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004432	−0.085%	$526K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0661%	1h	0.004436	+0.014%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1019%	1h	0.004440	+0.088%	$786	$112K	10x	as long as short