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 Nado−0.035%55s7-day average −0.012% · you buy dearer than you sell

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

Long on Nado Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.067%−$7 on $10k

Price spread, last 3 days (all we have)+0.034%+$3 · spread now −0.035%, 7d avg −0.012%

Together, before fees−0.033%+ Points / potential airdropNado: Active · Perpl: Active · farm board−$3 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 0.022% cheaper against Nado than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.012%). Swap the legs. The two prices were read 55 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	Nado PUMP-PERP	0.004343	0.0100	pay 0.0012% / 1h	19m 35s	$1.6M	$2.0M	10x
Short	Perpl PUMP	0.004342	0	get 0.0000% / 43m	32m 35s	$20K	$203K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Nado. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 NadobpFee PerplbpOrdersPrice spread, now −0.035%Rate

Funding earned: −$21
Price spread: −0.035% → −0.012%: −$2.23
Slippage, 4 orders: no order book: not counted
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$44.03
Costs to cover: 0.208%
Break-even: never at this rate

Slippage unknown: Nado: 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 Nado live order book, 4 min ago	1.15 bp	5.9 bp −$6	24.1 bp −$241	doesn't fit	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	−0.4852%	1h	0.004345	+0.045%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0057%	4h	0.004343	−0.012%	$22.7M	$95.8M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0007%	4h	0.004338	−0.127%	$41K	$10K	10x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004342	−0.035%	$20K	$203K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004341	−0.058%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004342	−0.044%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0059%	1h	0.004339	−0.101%	$773K	$180K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004343	−0.012%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004343	−0.012%	$6K	$497	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.001%	$29K	$764K	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	0.004342	−0.027%	$42K	—	5x	as long as short
Nado PUMP-PERPlong	+0.0100%	1h	0.004343	long leg	$1.6M	$2.0M	10x
Hyperliquid PUMP	+0.0100%	1h	0.004350	+0.150%	$159.4M	$52.3M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004343	−0.012%	$786K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004344	+0.012%	$450K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004342	−0.035%	$77.3M	$163.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004342	−0.025%	$25K	$174K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004342	−0.035%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004342	−0.035%	$4.7M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004347	+0.081%	$23.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004343	−0.012%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004342	−0.035%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004342	−0.030%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004342	−0.034%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004347	+0.081%	$137K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004346	+0.058%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004340	−0.075%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004341	−0.058%	$2K	$713K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004338	−0.127%	$715	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004341	−0.058%	$21K	$139K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004339	−0.104%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004340	−0.089%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004336	−0.173%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004343	−0.012%	$492K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004342	−0.028%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004349	+0.127%	$671K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0312% / S −0.0230%	1h	0.004340	−0.081%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004345	+0.035%	$3.5M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004342	−0.036%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0409%	1h	0.004336	−0.176%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004333	−0.242%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0806%	1h	0.004343	−0.006%	$1.3M	$3.5M	50x	as long as short