Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:14 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.049%

Price spread now: Perpl against Binance−0.023%54s7-day average +0.018% · you buy dearer than you sell

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

Long on Binance Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.170%−$17 on $10k

Price spread, last 4 days (all we have)+0.499%+$50 · spread now −0.023%, 7d avg +0.018%

Together, before fees+0.329%+ Points / potential airdropPerpl: Active · farm board+$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.040% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.018%). Swap the legs. The two prices were read 54 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	Binance PUMPUSDT	0.004491	0.0100	pay 0.0050% / 4h	2h 15m	$82.4M	$167.1M	75x
Short	Perpl PUMP	0.004490	0	get 0.0000% / 43m	38m 30s	$18K	$247K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Binance. 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 BinancebpFee PerplbpOrdersPrice spread, now −0.023%Rate

Funding earned: −$21
Price spread: −0.023% → +0.018%: −$4.05
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$48.85
Costs to cover: 0.238%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 13 min ago; 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 Binance live order book, 13 min ago	1.13 bp	10.2 bp −$10	18.4 bp −$184	66.3 bp −$6,627	292.7 bp −$146.3K
Sell Perpl no order-book sample	—	—	—	—	—

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
dYdX PUMP-USD	−0.0009%	1h	0.004487	−0.084%	$21K	$11K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004490	−0.023%	$18K	$247K	20x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004490	−0.024%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004495	+0.089%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.027%	$33K	$640K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004490	−0.028%	$716K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004491	0.000%	$532K	$880K	10x	as long as short
Binance PUMPUSDTlong	+0.0100%	4h	0.004491	long leg	$82.4M	$167.1M	75x
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004504	+0.289%	$24.5M	$96.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004502	+0.236%	$27K	$168K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004494	+0.066%	$65K	$103K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004491	0.000%	$5.0M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004491	0.000%	$24.1M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004489	−0.045%	$17.8M	$18.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004489	−0.045%	—	$13.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004493	+0.037%	$809K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004501	+0.220%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004498	+0.155%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	+0.289%	$152K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004497	+0.133%	$113K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004491	0.000%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004490	−0.026%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004492	+0.022%	$2K	$749K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004492	+0.022%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004485	−0.134%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004491	0.000%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004490	−0.016%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004488	−0.067%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0106%	8h	0.004492	+0.021%	$43K	$276	5x	as long as short
Nado PUMP-PERP	+0.0115%	1h	0.004494	+0.077%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004489	−0.045%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004495	+0.089%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004497	+0.133%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004494	+0.062%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004504	+0.289%	$46K	$119K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0418%	1h	0.004492	+0.022%	$70K	$115K	25x	as long as short
Hyperliquid PUMP	+0.0427%	1h	0.004499	+0.178%	$167.6M	$50.1M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004500	+0.200%	$720K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004514	+0.512%	$38K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004495	+0.077%	$534K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0815%	1h	0.004494	+0.057%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1108%	1h	0.004484	−0.163%	$721	$111K	10x	as long as short