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 +0.003%

Price spread now: Nado against Paradex−0.123%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Nado

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 airdropParadex: Active · Nado: Active · farm boardneeds both histories

Funding pays, the price is against you. Nado is 0.123% cheaper against Paradex than usual: you would sell low and buy high (spread −0.123% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$12 on $10k: about 40 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex PUMP-USD-PERP	0.004524	0.0102	pay 0.0102% / 8h	7h 28m	$43K	$276	5x
Short	Nado PUMP-PERP	0.004518	0.0346	get 0.0043% / 1h	28m 20s	$1.6M	$2.2M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado against Paradex. 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 ParadexbpFee NadobpOrdersPrice spread, now −0.123%Rate

Funding earned: $51.18
Price spread: −0.123% → 0.000%: −$12.29
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $27.89
Costs to cover: 0.110%
Break-even: 3.2 days

Slippage unknown: Paradex: no order-book sample; Nado: live order book, 5 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Nado live order book, 5 min ago	1.11 bp	7.6 bp −$8	19.0 bp −$190	doesn't fit	doesn't fit

Paradex: 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
Gate PUMP_USDT	−0.0178%	4h	0.004517	−0.156%	$4.8M	$10.0M	75x	as long as short
dYdX PUMP-USD	−0.0033%	1h	0.004523	−0.017%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004523	−0.023%	$18K	$268K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004522	−0.036%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004525	+0.021%	$2.9M	$4.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.532%	$35K	$674K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004521	−0.069%	$854K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004523	−0.023%	$520K	$892K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004523	−0.023%	$82.6M	$176.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004524	−0.001%	$24.9M	$103.5M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004528	+0.085%	$27K	$152K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004521	−0.068%	$50K	$140K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004522	−0.046%	$24.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004523	−0.023%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004523	−0.023%	—	$14.5M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004526	+0.047%	$812K	$214K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004505	−0.430%	$66K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004505	−0.417%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004509	−0.333%	$160K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004522	−0.046%	$106K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004525	+0.021%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004520	−0.089%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004523	−0.023%	$2K	$788K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004524	−0.001%	$260	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004519	−0.112%	$21K	$127K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004520	−0.090%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERPlong	+0.0102%	8h	0.004524	long leg	$43K	$276	5x
Extended PUMP-USD	+0.0104%	1h	0.004520	−0.082%	$3.7M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004521	−0.068%	$67K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0131%	1h	0.004525	+0.021%	$168.6M	$51.6M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0303% / S −0.0274%	1h	0.004520	−0.090%	$64K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004522	−0.046%	$6K	$600	10x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004546	+0.492%	$44K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004527	+0.065%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004522	−0.046%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	+1.281%	$38K	$204K	12x	as long as short
Nado PUMP-PERPshort	+0.0346%	1h	0.004518	−0.123%	$1.6M	$2.2M	10x
Deribit PUMP_USDC-PERPETUAL	+0.0413%	1h	0.004527	+0.065%	$69K	$116K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004529	+0.109%	$749K	$6.2M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004522	−0.045%	$527K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0818%	1h	0.004527	+0.067%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0970%	1h	0.004528	+0.083%	$501	$110K	10x	as long as short