Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.073%

Price spread now: Reya against BingX−0.095%65s7-day average — · you buy dearer than you sell

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

Long on BingX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Reya is 0.095% cheaper against BingX than usual: you would sell low and buy high (spread −0.095% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 31 hours of funding at the current rate (+$7 a day). The two prices were read 65 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	BingX PUMP-USDT	0.004582	0.0100	pay 0.0050% / 4h	3h 00m	—	$14.6M	—
Short	Reya PUMPRUSDPERP	0.004578	0.0344	get 0.0043% / 1h	0m 26s	$2	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.095%Rate

Funding earned: $51.14
Price spread: −0.095% → 0.000%: −$9.49
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $25.65
Costs to cover: 0.160%
Break-even: 3.5 days

Slippage unknown: BingX: live order book, 3 min ago; Reya: 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, 3 min ago	1.09 bp	6.1 bp −$6	13.4 bp −$134	54.3 bp −$5,430	226.9 bp −$113.4K
Sell Reya no order-book sample	—	—	—	—	—

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 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	−0.3325%	1h	0.004581	−0.019%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004577	−0.109%	$18K	$261K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0003%	1h	0.004583	+0.015%	$61K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004584	+0.044%	$3.0M	$4.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.790%	$30K	$670K	20x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004592	+0.218%	$170.9M	$49.7M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004585	+0.072%	$865K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004582	0.000%	$524K	$857K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004584	+0.044%	$83.7M	$175.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004578	−0.087%	$25.2M	$103.3M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004572	−0.223%	$27K	$154K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004589	+0.153%	$51K	$152K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004583	+0.022%	$4.9M	$10.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004589	+0.153%	$25.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004587	+0.109%	$18.1M	$19.1M	75x	as long as short
BingX PUMP-USDTlong	+0.0100%	4h	0.004582	long leg	—	$14.6M	—
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004576	−0.129%	$820K	$212K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004594	+0.254%	$68K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004592	+0.226%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004595	+0.284%	$163K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004591	+0.196%	$108K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004580	−0.044%	$43K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004577	−0.109%	$2K	$785K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004578	−0.087%	$294	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004579	−0.065%	$22K	$126K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004579	−0.065%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004584	+0.035%	$44K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004585	+0.070%	$3.9M	$4.0M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004576	−0.131%	$68K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0187%	1h	0.004579	−0.065%	$70K	$109K	25x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004589	+0.153%	$6K	$600	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004576	−0.131%	$66K	—	100x	as long as short
Nado PUMP-PERP	+0.0314%	1h	0.004588	+0.131%	$1.7M	$2.1M	10x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004587	+0.111%	$45K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004575	−0.153%	$3.8M	$4.8M	75x	as long as short
Reya PUMPRUSDPERPshort	+0.0344%	1h	0.004578	−0.095%	$2	—	3x
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	0.000%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004585	+0.065%	$745K	$6.2M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004588	+0.142%	$589K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0808%	1h	0.004582	−0.001%	$1.1M	$3.5M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0950%	1h	0.004588	+0.133%	$508	$103K	10x	as long as short