Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.073%

Price spread now: HTX against Reya−0.105%47s7-day average — · you buy dearer than you sell

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

Long on Reya Short on HTX

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 airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and HTX is 0.105% cheaper against Reya than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PUMPRUSDPERP	0.004524	0.0344	pay 0.0043% / 1h	14m 32s	$2	—	3x
Short	HTX PUMP-USDT	0.004519	0.0100	get 0.0050% / 4h	1h 14m	$22K	$83K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Reya. 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 ReyabpFee HTXbpOrdersPrice spread, now −0.105%Rate

Funding earned: −$51.14
Price spread: −0.105% → 0.000%: −$10.48
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$79.62
Costs to cover: 0.180%
Break-even: never at this rate

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

Reya and HTX: 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 41 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	−0.0006%	1h	0.004527	+0.074%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004517	−0.149%	$18K	$266K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004516	−0.175%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004523	−0.016%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.525%	$29K	$642K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004525	+0.034%	$828K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004521	−0.061%	$534K	$853K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004527	+0.072%	$83.0M	$172.4M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004523	−0.016%	$24.8M	$98.7M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004530	+0.145%	$27K	$157K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004519	−0.105%	$65K	$100K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004517	−0.149%	$5.0M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004524	+0.006%	$24.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004524	+0.006%	$17.8M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004517	−0.149%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004520	−0.089%	$809K	$200K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004521	−0.051%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004534	+0.230%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004523	−0.016%	$153K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004528	+0.094%	$109K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004518	−0.127%	$43K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004520	−0.083%	$2K	$769K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004518	−0.127%	$284	$7K	10x	as long as short
HTX PUMP-USDTshort	+0.0100%	4h	0.004519	−0.105%	$22K	$83K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004518	−0.127%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004522	−0.035%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004516	−0.167%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004517	−0.149%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0193%	1h	0.004519	−0.105%	$69K	$116K	25x	as long as short
Nado PUMP-PERP	+0.0206%	1h	0.004524	0.000%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004515	−0.193%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004528	+0.094%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004523	−0.016%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERPlong	+0.0344%	1h	0.004524	long leg	$2	—	3x
Phoenix PUMP	+0.0405%	1h	0.004527	+0.076%	$48K	$139K	10x	as long as short
Hyperliquid PUMP	+0.0511%	1h	0.004530	+0.138%	$169.2M	$51.3M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004521	−0.061%	$729K	$5.8M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0546%	1h	0.004520	−0.086%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004523	−0.016%	$38K	$205K	12x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004521	−0.065%	$539K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1052%	1h	0.004526	+0.053%	$501	$112K	10x	as long as short