Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.073%

Price spread now: Reya against Phemex+0.041%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Reya

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 airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Reya is 0.041% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004571	0.0100	pay 0.0050% / 4h	12m 56s	$1.9M	$3.9M	20x
Short	Reya PUMPRUSDPERP	0.004573	0.0344	get 0.0043% / 1h	12m 56s	$2	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Phemex. 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 PhemexbpFee ReyabpOrdersPrice spread, now +0.041%Rate

Funding earned: $51.14
Price spread: +0.041% → 0.000%: $4.12
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $37.26
Costs to cover: 0.180%
Break-even: 1.9 days

Slippage unknown: Phemex: live order book, 6 min ago; 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 Phemex live order book, 6 min ago	2.20 bp	29.5 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	0.0000%	1h	0.004574	+0.067%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004568	−0.066%	$18K	$270K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004571	0.000%	$57K	—	150x	as long as short
Gate PUMP_USDT	+0.0018%	4h	0.004563	−0.175%	$4.9M	$10.4M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004573	+0.044%	$3.0M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.553%	$29K	$648K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004566	−0.103%	$852K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004575	+0.088%	$534K	$858K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004567	−0.095%	$83.3M	$173.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004563	−0.175%	$25.1M	$102.2M	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	0.004583	+0.265%	$27K	$153K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004576	+0.109%	$46K	$125K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004572	+0.022%	$24.8M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004566	−0.109%	$17.9M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004565	−0.131%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004568	−0.061%	$819K	$206K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004576	+0.105%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004582	+0.234%	$1.3M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004580	+0.197%	$154K	$740K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004575	+0.088%	$111K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004572	+0.022%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004570	−0.016%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004573	+0.044%	$2K	$775K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004571	0.000%	$254	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004571	0.000%	$22K	$79K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004571	long leg	$1.9M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004576	+0.107%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004566	−0.101%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004569	−0.044%	$68K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0171%	1h	0.004569	−0.033%	$1.7M	$2.1M	10x	as long as short
Hyperliquid PUMP	+0.0182%	1h	0.004571	0.000%	$171.2M	$50.2M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0187%	1h	0.004575	+0.088%	$70K	$116K	25x	as long as short
01 Exchange PUMPUSD	+0.0272%	1h	0.004580	+0.197%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0279%	1h	0.004584	+0.284%	$38K	$204K	12x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0274%	1h	0.004578	+0.153%	$66K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004577	+0.131%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERPshort	+0.0344%	1h	0.004573	+0.041%	$2	—	3x
Phoenix PUMP	+0.0410%	1h	0.004542	−0.643%	$44K	$139K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0440%	1h	0.004573	+0.043%	$1.1M	$3.5M	50x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0536%	1h	0.004577	+0.131%	$733K	$6.0M	50x	as long as short
RISEx PUMP/USDC	+0.0784%	1h	0.004580	+0.207%	$543K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0923%	1h	0.004561	−0.213%	$505	$111K	10x	as long as short