Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.045%

Price spread now: Perpl against Gate−0.223%7-day average +0.032% · you buy dearer than you sell

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

Long on Gate Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.126%−$13 on $10k

Price spread, last 3 days (all we have)+0.628%+$63 · spread now −0.223%, 7d avg +0.032%

Together, before fees+0.501%+ Points / potential airdropPerpl: Active · farm board+$50 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 0.255% cheaper against Gate than usual: you would sell low and buy high (−$25 if the spread goes back to its 7-day average of +0.032%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PUMP_USDT	0.004484	0.0100	pay 0.0050% / 4h	3h 10m	$4.8M	$10.7M	75x
Short	Perpl PUMP	0.004474	0	get 0.0000% / 43m	32m 48s	$18K	$203K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Gate. 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 GatebpFee PerplbpOrdersPrice spread, now −0.223%Rate

Funding earned: −$21
Price spread: −0.223% → +0.032%: −$25.47
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$75.27
Costs to cover: 0.288%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 3 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 Gate live order book, 3 min ago	3.35 bp	21.0 bp −$21	43.2 bp −$432	80.4 bp −$8,045	doesn't fit
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	−0.1017%	1h	0.004477	−0.156%	$20K	$9K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004474	−0.223%	$18K	$203K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004482	−0.045%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004472	−0.268%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0053%	4h	0.004482	−0.045%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004481	−0.067%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.873%	$27K	$773K	20x	as long as short
OKX PUMP-USDT-SWAP	+0.0099%	4h	0.004484	0.000%	$23.6M	$98.4M	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004471	−0.279%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004479	−0.107%	$737K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004479	−0.112%	$477K	$627K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004485	+0.021%	$80.8M	$163.3M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004474	−0.219%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004475	−0.201%	$41K	$57K	10x	as long as short
Gate PUMP_USDTlong	+0.0100%	4h	0.004484	long leg	$4.8M	$10.7M	75x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004481	−0.067%	$23.7M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004485	+0.022%	$18.0M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004483	−0.022%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004480	−0.087%	$798K	$172K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004485	+0.021%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004482	−0.048%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004489	+0.112%	$141K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004475	−0.201%	$104K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004481	−0.071%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004480	−0.089%	$2K	$725K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004480	−0.089%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004470	−0.312%	$21K	$127K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004479	−0.112%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004479	−0.101%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004479	−0.101%	$3.7M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004475	−0.201%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004475	−0.201%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004491	+0.158%	$38K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004474	−0.223%	$499K	$990K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004481	−0.067%	$3.5M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004473	−0.249%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004485	+0.022%	$708K	$5.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0354% / S −0.0292%	1h	0.004474	−0.223%	$74K	—	100x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004491	+0.156%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0568%	1h	0.004494	+0.223%	$166.3M	$54.6M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0709%	1h	0.004472	−0.261%	$391	$108K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0917%	1h	0.004487	+0.057%	$1.3M	$3.1M	50x	as long as short