Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:33 UTC−0.0344%/8h= −37.6% APRpaid last 24h −0.114%

Price spread now: Perpl against Reya−0.052%58s7-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 Perpl

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 · Perpl: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Perpl is 0.052% cheaper against Reya than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 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	0.004560	0.0344	pay 0.0043% / 1h	56m 54s	$2	—	3x
Short	Perpl PUMP	0.004558	0	get 0.0000% / 43m	37m 54s	$18K	$268K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$72.14
Price spread: −0.052% → 0.000%: −$5.2
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$97.14
Costs to cover: 0.198%
Break-even: never at this rate

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

Reya and 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 41 exchanges

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	−0.0242%	1h	0.004558	−0.058%	$21K	$12K	5x	as long as short
Gate PUMP_USDT	−0.0082%	4h	0.004557	−0.074%	$4.9M	$9.6M	75x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004558	−0.052%	$18K	$268K	20x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004559	−0.020%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004563	+0.058%	$3.0M	$2.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.324%	$33K	$590K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004560	−0.009%	$854K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004563	+0.058%	$520K	$837K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004560	−0.009%	$83.2M	$171.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004558	−0.052%	$24.9M	$102.2M	50x	as long as short

Show all 41 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004555	−0.120%	$17K	$152K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004567	+0.145%	$51K	$152K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004562	+0.036%	$25.2M	$13.5M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004558	−0.052%	$18.0M	$18.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004559	−0.030%	—	$14.5M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004560	−0.015%	$823K	$216K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004556	−0.091%	$68K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004554	−0.147%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004552	−0.184%	$162K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004566	+0.123%	$108K	$1.7M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004561	+0.014%	$43K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004564	+0.080%	$2K	$767K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004561	+0.014%	$553	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004551	−0.205%	$23K	$127K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004558	−0.052%	$1.9M	$3.8M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004566	+0.118%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004560	−0.008%	$3.9M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004562	+0.036%	$68K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0127%	1h	0.004566	+0.134%	$1.7M	$2.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0251%	1h	0.004542	−0.403%	$36K	$205K	12x	as long as short
Hyperliquid PUMP	+0.0271%	1h	0.004566	+0.123%	$170.0M	$47.6M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0278%	1h	0.004560	−0.008%	$66K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004568	+0.167%	$6K	$465	10x	as long as short
Phoenix PUMP	+0.0331%	1h	0.004561	+0.005%	$44K	$144K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004564	+0.080%	$3.8M	$4.4M	75x	as long as short
Reya PUMPRUSDPERPlong	+0.0344%	1h	0.004560	long leg	$2	—	3x
Deribit PUMP_USDC-PERPETUAL	+0.0408%	1h	0.004563	+0.058%	$70K	$102K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004565	+0.102%	$705K	$6.0M	50x	as long as short
RISEx PUMP/USDC	+0.0558%	1h	0.004560	−0.004%	$581K	$939K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0620%	1h	0.004563	+0.066%	$1.1M	$2.9M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0992%	1h	0.004559	−0.030%	$704	$98K	10x	as long as short