Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC−0.0200%/8h= −21.9% APRpaid last 24h −0.523%

Price spread now: Perpl against 01 Exchange−0.069%7-day average — · you buy dearer than you sell

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

Long on 01 Exchange 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 airdropPerpl: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Perpl is 0.069% cheaper against 01 Exchange 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	01 Exchange PUMPUSD	0.004375	0.0200	pay 0.0025% / 1h	44m 23s	$6K	$830	10x
Short	Perpl PUMP	0.004372	0	get 0.0000% / 43m	23m 23s	$18K	$206K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against 01 Exchange. 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 01 ExchangebpFee PerplbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$42
Price spread: −0.069% → 0.000%: −$6.86
Slippage, 4 orders: no order book: not counted
Fee 01 Exchange: 3.5 bp × 2 orders: −$7
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$69.66
Costs to cover: 0.208%
Break-even: never at this rate

Slippage unknown: 01 Exchange: 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 01 Exchange no order-book sample	—	—	—	—	—
Sell Perpl no order-book sample	—	—	—	—	—

01 Exchange 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 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
Backpack PUMP_USDC_PERP	−0.0200%	1h	0.004372	−0.073%	$779K	$178K	5x	as long as short
dYdX PUMP-USD	−0.0021%	1h	0.004374	−0.016%	$20K	$9K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004372	−0.069%	$18K	$206K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004362	−0.297%	$69K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004369	−0.146%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0031%	4h	0.004369	−0.137%	$22.9M	$96.8M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0041%	4h	0.004362	−0.297%	$41K	$10K	10x	as long as short
Gate PUMP_USDT	+0.0066%	4h	0.004371	−0.091%	$4.7M	$10.5M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004374	−0.023%	$2.9M	$5.3M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.714%	$33K	$775K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004372	−0.075%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004372	−0.080%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004372	−0.061%	$717K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004373	−0.046%	$456K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004369	−0.144%	$78.1M	$163.8M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004364	−0.254%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004372	−0.069%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004371	−0.091%	$23.2M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004370	−0.114%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004368	−0.160%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004357	−0.421%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004361	−0.329%	$1.2M	$10.1M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004366	−0.206%	$138K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004375	0.000%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004363	−0.280%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004364	−0.251%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004360	−0.343%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004358	−0.389%	$21K	$136K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004363	−0.274%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004371	−0.101%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004360	−0.343%	$70K	$12K	3x	as long as short
01 Exchange PUMPUSDlong	+0.0200%	1h	0.004375	long leg	$6K	$830	10x
Hyperliquid PUMP	+0.0237%	1h	0.004373	−0.046%	$160.9M	$53.2M	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004370	−0.126%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004373	−0.056%	$478K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004366	−0.206%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004366	−0.210%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0345% / S −0.0288%	1h	0.004366	−0.206%	$74K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004369	−0.137%	$690K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004368	−0.160%	$38K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0533%	1h	0.004368	−0.169%	$381	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0942%	1h	0.004367	−0.191%	$1.3M	$3.5M	50x	as long as short