Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:23 UTC−0.0101%/8h= −11.1% APRpaid last 24h −0.043%

Price spread now: Perpl against Paradex−0.084%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 Perpl

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 · Perpl: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.084% cheaper against Paradex than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex PUMP-USD-PERP	0.004536	0.0101	pay 0.0101% / 8h	22m 03s	$43K	$276	5x
Short	Perpl PUMP	0.004532	0	get 0.0000% / 43m	11m 03s	$18K	$266K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$21.25
Price spread: −0.084% → 0.000%: −$8.4
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$47.45
Costs to cover: 0.178%
Break-even: never at this rate

Slippage unknown: Paradex: 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 Paradex no order-book sample	—	—	—	—	—
Sell Perpl no order-book sample	—	—	—	—	—

Paradex 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 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	0.0000%	1h	0.004538	+0.050%	$21K	$11K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004532	−0.084%	$18K	$266K	20x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004529	−0.143%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0006%	4h	0.004527	−0.194%	$5.0M	$10.2M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004530	−0.128%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.789%	$29K	$646K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004530	−0.132%	$845K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004539	+0.070%	$529K	$857K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004528	−0.172%	$82.8M	$172.4M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004526	−0.216%	$25.0M	$99.4M	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	0.004524	−0.258%	$27K	$151K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004531	−0.106%	$46K	$125K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004533	−0.062%	$24.6M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004526	−0.216%	$17.8M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004531	−0.106%	—	$14.3M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004527	−0.196%	$812K	$204K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004528	−0.175%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004527	−0.194%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004527	−0.194%	$153K	$743K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004534	−0.040%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004528	−0.172%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004528	−0.178%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004529	−0.150%	$2K	$771K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004529	−0.150%	$252	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004529	−0.150%	$22K	$74K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004530	−0.128%	$1.9M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERPlong	+0.0101%	8h	0.004536	long leg	$43K	$276	5x
Extended PUMP-USD	+0.0104%	1h	0.004526	−0.210%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004526	−0.216%	$67K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0162%	1h	0.004533	−0.062%	$169.1M	$49.6M	10x	as long as short
Nado PUMP-PERP	+0.0168%	1h	0.004532	−0.073%	$1.7M	$2.1M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0192%	1h	0.004529	−0.150%	$69K	$116K	25x	as long as short
01 Exchange PUMPUSD	+0.0256%	1h	0.004534	−0.040%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0279%	1h	0.004533	−0.062%	$38K	$204K	12x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004528	−0.172%	$65K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004534	−0.040%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004530	−0.133%	$2	—	3x	as long as short
Phoenix PUMP	+0.0410%	1h	0.004532	−0.080%	$47K	$139K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0444%	1h	0.004530	−0.119%	$1.1M	$3.5M	50x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0536%	1h	0.004543	+0.159%	$733K	$6.0M	50x	as long as short
RISEx PUMP/USDC	+0.0784%	1h	0.004535	−0.029%	$538K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0901%	1h	0.004528	−0.172%	$501	$111K	10x	as long as short