Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0010%/8h= −1.1% APRpaid last 24h −0.001%

Price spread now: Popdex against Paradex−0.628%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 Popdex

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 · farm boardneeds both histories

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Popdex is 0.628% cheaper against Paradex than usual: you would sell low and buy high (−$63 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	0.004528	0.0106	pay 0.0106% / 8h	1h 50m	$43K	$276	5x
Short	Popdex PUMPUSDT	0.004500	0.0096	get 0.0012% / 1h	50m 31s	$30K	$627K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.628%Rate

Funding earned: −$2.05
Price spread: −0.628% → 0.000%: −$62.78
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$75.23
Costs to cover: 0.104%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Popdex: live order book, 59 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 Popdex live order book, 59 min ago	1.11 bp	12.6 bp −$13	doesn't fit	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
dYdX PUMP-USD	0.0000%	1h	0.004523	−0.120%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004527	−0.032%	$18K	$257K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004525	−0.079%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004528	−0.009%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004500	−0.628%	$30K	$627K	20x
Aster PUMPUSDT	+0.0100%	4h	0.004525	−0.084%	$845K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004527	−0.032%	$539K	$886K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004526	−0.062%	$83.2M	$170.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004526	−0.054%	$24.8M	$98.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004511	−0.374%	$27K	$161K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004528	−0.009%	$65K	$100K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004525	−0.076%	$5.0M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004532	+0.079%	$24.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004527	−0.032%	$18.1M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004526	−0.054%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004524	−0.100%	$814K	$198K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004503	−0.554%	$68K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004506	−0.496%	$1.3M	$10.3M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	−0.539%	$152K	$743K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004529	+0.013%	$108K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004520	−0.186%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004519	−0.212%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004517	−0.252%	$2K	$760K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004521	−0.164%	$284	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004506	−0.495%	$21K	$85K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004523	−0.120%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004526	−0.047%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004520	−0.186%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERPlong	+0.0106%	8h	0.004528	long leg	$43K	$276	5x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0273% / S −0.0200%	1h	0.004525	−0.076%	$54K	—	100x	as long as short
Nado PUMP-PERP	+0.0288%	1h	0.004509	−0.418%	$1.6M	$2.1M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004526	−0.054%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004527	−0.036%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0344%	1h	0.004530	+0.035%	$6K	$600	10x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004507	−0.464%	$47K	$139K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0414%	1h	0.004521	−0.164%	$70K	$115K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004527	−0.032%	$725K	$5.7M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0546%	1h	0.004523	−0.128%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004529	+0.013%	$38K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0597%	1h	0.004534	+0.123%	$169.4M	$51.1M	10x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004529	+0.024%	$551K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1136%	1h	0.004522	−0.137%	$499	$111K	10x	as long as short