Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:38 UTC−0.0002%/8h= −0.3% APRpaid last 24h −0.017%

Price spread now: Perpl against gTrade (Gains Network)−0.067%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Perpl is 0.067% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PUMP/USD	0.004474	L +0.0002% / S −0.0002%	pay 0.0000% / 1h	56m 51s	$53K	—	150x
Short	Perpl PUMP	0.004471	0	get 0.0000% / 43m	1m 51s	$18K	$217K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PerplbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$0.49
Price spread: −0.067% → 0.000%: −$6.73
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$31.01
Costs to cover: 0.238%
Break-even: never at this rate

Slippage unknown: gTrade (Gains Network): 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Perpl no order-book sample	—	—	—	—	—

gTrade (Gains Network) 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 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	0.0000%	1h	0.004462	−0.263%	$20K	$9K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004471	−0.067%	$18K	$217K	20x
gTrade (Gains Network) PUMP/USDlong	L +0.0002% / S −0.0002%	1h	0.004474	long leg	$53K	—	150x
Orderly PERP_PUMP_USDC	+0.0090%	4h	0.004473	−0.023%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004474	0.000%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.654%	$27K	$779K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004474	0.000%	$693K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004462	−0.268%	$519K	$722K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004492	+0.399%	$82.1M	$167.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004493	+0.424%	$24.3M	$98.8M	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	0.004466	−0.172%	$21K	$175K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004469	−0.112%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004480	+0.134%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004486	+0.268%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004491	+0.380%	$17.7M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004490	+0.357%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004477	+0.062%	$796K	$186K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004486	+0.261%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004484	+0.216%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004482	+0.179%	$149K	$752K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004475	+0.022%	$102K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004472	−0.035%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004473	−0.023%	$2K	$742K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004473	−0.023%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004472	−0.045%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004468	−0.134%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004464	−0.220%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004471	−0.067%	$71K	$8K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0234% / S −0.0085%	1h	0.004476	+0.044%	$60K	—	100x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004489	+0.346%	$43K	$91K	10x	as long as short
Extended PUMP-USD	+0.0256%	1h	0.004485	+0.256%	$3.8M	$4.2M	50x	as long as short
Nado PUMP-PERP	+0.0268%	1h	0.004473	−0.011%	$1.7M	$2.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004469	−0.112%	$6K	$727	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004472	−0.050%	$2	—	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0421%	1h	0.004476	+0.044%	$71K	$124K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004477	+0.067%	$702K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0496%	1h	0.004498	+0.536%	$167.9M	$55.8M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004470	−0.090%	$531K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0862%	1h	0.004483	+0.204%	$592	$113K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004491	+0.380%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1336%	1h	0.004479	+0.122%	$1.4M	$3.1M	50x	as long as short