Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:55 UTC−0.0344%/8h= −37.6% APRpaid last 24h −0.119%

Price spread now: Perpl against Reya−0.018%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 Perpl

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 · Perpl: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$10 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PUMPRUSDPERP	0.004493	0.0344	pay 0.0043% / 1h	30m 55s	$2	—	3x
Short	Perpl PUMP	0.004492	0	get 0.0000% / 43m	35m 55s	$18K	$205K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.018%Rate

Funding earned: −$72.14
Price spread: −0.018% → 0.000%: −$1.81
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$93.75
Costs to cover: 0.198%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Perpl: 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 Perpl no order-book sample	—	—	—	—	—

Reya and Perpl: 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	−0.1103%	1h	0.004485	−0.172%	$21K	$9K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004492	−0.018%	$18K	$205K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004491	−0.040%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004489	−0.089%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0067%	4h	0.004490	−0.063%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004490	−0.063%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.066%	$27K	$768K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004493	−0.003%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004487	−0.138%	$727K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004483	−0.218%	$501K	$653K	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	0.004483	−0.229%	$80.8M	$166.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004480	−0.285%	$24.1M	$98.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004480	−0.276%	$21K	$170K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004490	−0.063%	$40K	$63K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004484	−0.196%	$4.8M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004488	−0.107%	$23.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004483	−0.218%	$17.8M	$19.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004481	−0.263%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004488	−0.100%	$799K	$185K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004476	−0.381%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004466	−0.597%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004476	−0.374%	$139K	$755K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004496	+0.071%	$104K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004490	−0.060%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004490	−0.063%	$2K	$736K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004497	+0.093%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004489	−0.085%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004488	−0.107%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004484	−0.201%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004483	−0.211%	$3.8M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004490	−0.063%	$72K	$8K	3x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004479	−0.314%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0240%	1h	0.004494	+0.026%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004493	0.000%	$490K	$990K	10x	as long as short
Reya PUMPRUSDPERPlong	+0.0344%	1h	0.004493	long leg	$2	—	3x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0359% / S −0.0290%	1h	0.004487	−0.129%	$72K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004497	+0.093%	$718K	$5.7M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004488	−0.107%	$39K	$203K	12x	as long as short
Hyperliquid PUMP	+0.0584%	1h	0.004494	+0.026%	$167.8M	$54.5M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0731%	1h	0.004462	−0.695%	$789	$111K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1236%	1h	0.004502	+0.205%	$1.3M	$3.1M	50x	as long as short