Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:55 UTC+0.0344%/8h= +37.6% APRpaid last 24h +0.119%

Price spread now: Reya against Perpl−0.072%7-day average — · you buy dearer than you sell

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

Long on Perpl Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPerpl: Active · Reya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.072% cheaper against Perpl than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 17 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004401	0	get 0.0000% / 43m	8m 03s	$20K	$198K	20x
Short	Reya PUMPRUSDPERP	0.004398	0.0344	get 0.0043% / 1h	46m 03s	$2	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.072%Rate

Funding earned: $72.14
Price spread: −0.072% → 0.000%: −$7.21
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Reya: 3 bp × 2 orders: −$6
Net: $45.14
Costs to cover: 0.198%
Break-even: 2.6 days

Slippage unknown: Perpl: no order-book sample; Reya: 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 Perpl no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Perpl and Reya: 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	−0.0072%	1h	0.004403	+0.052%	$20K	$9K	5x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004401	long leg	$20K	$198K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004396	−0.114%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004394	−0.160%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0060%	4h	0.004395	−0.136%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004397	−0.091%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.023%	$27K	$769K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004398	−0.057%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004397	−0.091%	$698K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004402	+0.023%	$495K	$650K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004396	−0.111%	$78.9M	$164.4M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004395	−0.136%	$23.5M	$96.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004405	+0.086%	$26K	$161K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004400	−0.023%	$39K	$60K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004395	−0.136%	$4.8M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004399	−0.045%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004396	−0.114%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004396	−0.114%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004396	−0.107%	$783K	$181K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004409	+0.174%	$64K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004410	+0.211%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004408	+0.159%	$139K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004403	+0.045%	$103K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004396	−0.116%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004396	−0.114%	$2K	$731K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004396	−0.114%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004395	−0.136%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004397	−0.091%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004404	+0.077%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004395	−0.128%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004392	−0.204%	$70K	$9K	3x	as long as short
01 Exchange PUMPUSD	+0.0232%	1h	0.004403	+0.045%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004408	+0.152%	$40K	$103K	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004403	+0.034%	$481K	$995K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004407	+0.136%	$3.6M	$4.2M	75x	as long as short
Reya PUMPRUSDPERPshort	+0.0344%	1h	0.004398	−0.072%	$2	—	3x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0359% / S −0.0300%	1h	0.004399	−0.045%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004401	0.000%	$701K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0449%	1h	0.004403	+0.045%	$162.2M	$54.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004417	+0.364%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0698%	1h	0.004409	+0.171%	$400	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1264%	1h	0.004401	+0.002%	$1.3M	$3.1M	50x	as long as short