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 +0.046%

Price spread now: BingX against Perpl0.000%7-day average −0.039% · you sell dearer than you buy

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

Long on Perpl Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$21 on $10k

Price spread, last 3 days (all we have)−0.416%−$42 · spread now 0.000%, 7d avg −0.039%

Together, before fees−0.201%+ Points / potential airdropPerpl: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and BingX is 0.039% dearer against Perpl than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004492	0	get 0.0000% / 43m	32m 19s	$19K	$206K	20x
Short	BingX PUMP-USDT	0.004492	0.0100	get 0.0050% / 4h	3h 10m	—	$12.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Perpl. 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 PerplbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $21
Price spread: 0.000% → −0.039%: $3.94
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee BingX: 5 bp × 2 orders: −$10
Net: $1.14
Costs to cover: 0.238%
Break-even: 6.6 days

Slippage unknown: Perpl: no order-book sample; BingX: live order book, 13 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 Perpl no order-book sample	—	—	—	—	—
Sell BingX live order book, 13 min ago	1.13 bp	6.1 bp −$6	8.7 bp −$87	30.3 bp −$3,031	122.9 bp −$61.4K

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	−0.1179%	1h	0.004487	−0.105%	$21K	$9K	5x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004492	long leg	$19K	$206K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004493	+0.022%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004493	+0.012%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0053%	4h	0.004491	−0.022%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004492	0.000%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.048%	$27K	$773K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004483	−0.203%	$738K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004485	−0.156%	$477K	$627K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004493	+0.017%	$80.9M	$163.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004491	−0.022%	$23.6M	$98.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004474	−0.396%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004485	−0.156%	$41K	$57K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004492	0.000%	$4.9M	$10.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004497	+0.111%	$23.8M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004491	−0.022%	$18.0M	$19.2M	75x	as long as short
BingX PUMP-USDTshort	+0.0100%	4h	0.004492	0.000%	—	$12.9M	—
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004480	−0.265%	$798K	$172K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004485	−0.157%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004482	−0.226%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004489	−0.067%	$141K	$759K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004493	+0.033%	$1.7M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004494	+0.045%	$108K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004491	−0.015%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004491	−0.022%	$2K	$724K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004492	0.000%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004488	−0.089%	$21K	$127K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004495	+0.067%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004486	−0.144%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004492	+0.011%	$3.7M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004490	−0.045%	$72K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004486	−0.134%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004491	−0.020%	$38K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004483	−0.189%	$500K	$990K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004481	−0.245%	$3.5M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004491	−0.026%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004498	+0.134%	$707K	$5.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0354% / S −0.0292%	1h	0.004492	0.000%	$74K	—	100x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004491	−0.022%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0571%	1h	0.004500	+0.178%	$166.5M	$54.6M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0712%	1h	0.004474	−0.407%	$591	$108K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0914%	1h	0.004499	+0.166%	$1.3M	$3.0M	50x	as long as short