Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.073%

Price spread now: Phemex against Reya−0.083%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 Phemex

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 Phemex is 0.083% cheaper against Reya than usual: you would sell low and buy high (−$8 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	0.004494	0.0344	pay 0.0043% / 1h	40m 02s	$2	—	3x
Short	Phemex PUMPUSDT	0.004490	0.0100	get 0.0050% / 4h	1h 40m	$2.0M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.083%Rate

Funding earned: −$51.14
Price spread: −0.083% → 0.000%: −$8.29
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$77.43
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Phemex: live order book, 4 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 Phemex live order book, 4 min ago	8.91 bp	35.0 bp −$35	doesn't fit	doesn't fit	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	0.0000%	1h	0.004485	−0.194%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004493	−0.016%	$18K	$224K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004493	−0.016%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004492	−0.045%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0093%	4h	0.004492	−0.038%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004493	−0.016%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.086%	$27K	$780K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004492	−0.027%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004490	−0.082%	$707K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004484	−0.216%	$520K	$725K	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	0.004474	−0.440%	$81.7M	$169.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004469	−0.550%	$24.4M	$98.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004493	−0.023%	$32K	$186K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004493	−0.016%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004488	−0.127%	$5.0M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004474	−0.439%	$23.8M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004471	−0.506%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004492	−0.038%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004492	−0.032%	$799K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004493	−0.015%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004493	−0.007%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004494	+0.006%	$150K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004496	+0.051%	$106K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004492	−0.041%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004491	−0.061%	$2K	$750K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004492	−0.038%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004488	−0.127%	$21K	$116K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004490	−0.083%	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004494	+0.001%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004486	−0.172%	$72K	$8K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0231% / S −0.0083%	1h	0.004490	−0.083%	$61K	—	100x	as long as short
Extended PUMP-USD	+0.0280%	1h	0.004471	−0.500%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004498	+0.095%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004500	+0.140%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004475	−0.417%	$3.7M	$4.6M	75x	as long as short
Reya PUMPRUSDPERPlong	+0.0344%	1h	0.004494	long leg	$2	—	3x
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004500	+0.140%	$701K	$6.0M	50x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004495	+0.028%	$534K	$986K	10x	as long as short
Hyperliquid PUMP	+0.0625%	1h	0.004496	+0.051%	$168.2M	$56.1M	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004503	+0.206%	$39K	$204K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0881%	1h	0.004497	+0.065%	$594	$115K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1330%	1h	0.004499	+0.118%	$1.4M	$3.0M	50x	as long as short