Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0242%/8h= −26.5% APRpaid last 24h −0.073%

Price spread now: Paradex against Reya−0.071%7-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 Paradex

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 · Paradex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Paradex is 0.071% cheaper against Reya than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PUMPRUSDPERP	0.004513	0.0344	pay 0.0043% / 1h	26m 27s	$2	—	3x
Short	Paradex PUMP-USD-PERP	0.004510	0.0102	get 0.0102% / 8h	6h 26m	$43K	$276	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.071%Rate

Funding earned: −$50.81
Price spread: −0.071% → 0.000%: −$7.11
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$67.92
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Paradex: no order-book sample. 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 Paradex no order-book sample	—	—	—	—	—

Reya and Paradex: 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	−0.2470%	1h	0.004503	−0.215%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004509	−0.084%	$18K	$208K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004506	−0.150%	$72K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004510	−0.055%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0070%	4h	0.004507	−0.128%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004508	−0.106%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.283%	$30K	$771K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004515	+0.060%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004510	−0.062%	$730K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004509	−0.084%	$495K	$662K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004511	−0.036%	$81.5M	$165.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004511	−0.040%	$24.4M	$98.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004495	−0.396%	$21K	$171K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004508	−0.106%	$40K	$63K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004512	−0.017%	$4.8M	$10.9M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004519	+0.138%	$24.1M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004511	−0.040%	$17.8M	$19.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004513	+0.005%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004508	−0.117%	$798K	$187K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004480	−0.737%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004487	−0.570%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004481	−0.704%	$139K	$754K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004516	+0.071%	$104K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004506	−0.144%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004508	−0.106%	$2K	$737K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004505	−0.173%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004499	−0.306%	$22K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004505	−0.173%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERPshort	+0.0102%	8h	0.004510	−0.071%	$43K	$276	5x
Extended PUMP-USD	+0.0104%	1h	0.004507	−0.121%	$3.8M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004506	−0.150%	$72K	$8K	3x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004489	−0.536%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004513	+0.005%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004510	−0.070%	$532K	$1.0M	10x	as long as short
Reya PUMPRUSDPERPlong	+0.0344%	1h	0.004513	long leg	$2	—	3x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0361% / S −0.0291%	1h	0.004508	−0.106%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004512	−0.017%	$717K	$5.8M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004492	−0.461%	$39K	$203K	12x	as long as short
Hyperliquid PUMP	+0.0649%	1h	0.004522	+0.204%	$168.9M	$54.9M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0746%	1h	0.004485	−0.612%	$594	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1234%	1h	0.004511	−0.039%	$1.3M	$3.1M	50x	as long as short