Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:03 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.046%

Price spread now: Perpl against BingX−0.139%7-day average +0.042% · you buy dearer than you sell

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

Long on BingX Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.215%−$21 on $10k

Price spread, last 3 days (all we have)+0.780%+$78 · spread now −0.139%, 7d avg +0.042%

Together, before fees+0.565%+ Points / potential airdropPerpl: Active · farm board+$57 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 0.180% cheaper against BingX than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of +0.042%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PUMP-USDT	0.004323	0.0100	pay 0.0050% / 4h	1h 33m	—	$12.7M	—
Short	Perpl PUMP	0.004317	0	get 0.0000% / 43m	3m 46s	$20K	$206K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against BingX. 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 BingXbpFee PerplbpOrdersPrice spread, now −0.139%Rate

Funding earned: −$21
Price spread: −0.139% → +0.042%: −$18.05
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$62.85
Costs to cover: 0.238%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 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 BingX live order book, 4 min ago	2.32 bp	7.6 bp −$8	11.6 bp −$116	39.7 bp −$3,966	207.2 bp −$103.6K
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	−0.4951%	1h	0.004324	+0.034%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0049%	4h	0.004324	+0.023%	$22.6M	$95.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0013%	4h	0.004322	−0.023%	$41K	$10K	10x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004317	−0.139%	$20K	$206K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004323	0.000%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004321	−0.043%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0057%	1h	0.004323	−0.005%	$771K	$180K	5x	as long as short
Gate PUMP_USDT	+0.0090%	4h	0.004323	0.000%	$4.6M	$11.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004325	+0.046%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.532%	$29K	$763K	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	0.004320	−0.068%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004317	−0.127%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004331	+0.185%	$158.6M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004323	−0.011%	$780K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004321	−0.046%	$448K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004325	+0.040%	$77.0M	$163.4M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004312	−0.252%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004319	−0.093%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004326	+0.069%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004324	+0.023%	$17.1M	$19.0M	75x	as long as short
BingX PUMP-USDTlong	+0.0100%	4h	0.004323	long leg	—	$12.7M	—
edgeX PUMPUSDC	+0.0100%	4h	0.004316	−0.171%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004316	−0.162%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004322	−0.023%	$136K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004319	−0.093%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004322	−0.013%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004322	−0.023%	$2K	$711K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004323	0.000%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004320	−0.069%	$21K	$139K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004324	+0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004325	+0.040%	$3.5M	$3.7M	50x	as long as short
01 Exchange PUMPUSD	+0.0104%	1h	0.004315	−0.185%	$6K	$497	10x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004324	+0.023%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004320	−0.081%	$488K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004315	−0.180%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004322	−0.023%	$655K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0311% / S −0.0229%	1h	0.004320	−0.069%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004318	−0.116%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004314	−0.208%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0398%	1h	0.004318	−0.104%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004319	−0.093%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0808%	1h	0.004329	+0.135%	$1.3M	$3.5M	50x	as long as short