Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:46 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.025%

Price spread now: Perpl against Aster−0.028%7-day average +0.035% · you buy dearer than you sell

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

Long on Aster Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.182%−$18 on $10k

Price spread, last 3 days (all we have)+0.685%+$68 · spread now −0.028%, 7d avg +0.035%

Together, before fees+0.503%+ Points / potential airdropAster: Stage 5 · Perpl: Active · farm board+$50 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Perpl is 0.063% cheaper against Aster than usual: you would sell low and buy high (−$6 if the spread goes back to its 7-day average of +0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PUMPUSDT	0.004404	0.0100	pay 0.0050% / 4h	55m 16s	$783K	$2.3M	50x
Short	Perpl PUMP	0.004403	0	get 0.0000% / 43m	8m 16s	$18K	$204K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Aster. 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 AsterbpFee PerplbpOrdersPrice spread, now −0.028%Rate

Funding earned: −$21
Price spread: −0.028% → +0.035%: −$6.32
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$49.12
Costs to cover: 0.218%
Break-even: never at this rate

Slippage unknown: Aster: live order book, 3 min ago; 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 Aster live order book, 3 min ago	4.55 bp	11.0 bp −$11	20.4 bp −$204	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

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
OKX PUMP-USDT-SWAP	−0.0022%	4h	0.004407	+0.063%	$23.0M	$97.4M	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004400	−0.096%	$20K	$9K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004403	−0.028%	$18K	$204K	20x
Orderly PERP_PUMP_USDC	+0.0002%	4h	0.004408	+0.086%	$41K	$10K	10x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004406	+0.045%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004410	+0.131%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.096%	$29K	$765K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004405	+0.024%	$42K	—	5x	as long as short
Aster PUMPUSDTlong	+0.0100%	4h	0.004404	long leg	$783K	$2.3M	50x
Pacifica PUMP	+0.0100%	1h	0.004403	−0.028%	$459K	$605K	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	0.004406	+0.035%	$78.6M	$164.5M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004399	−0.128%	$26K	$176K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004406	+0.040%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004405	+0.018%	$4.7M	$11.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004408	+0.086%	$23.3M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004411	+0.154%	$17.6M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004406	+0.040%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004399	−0.112%	$784K	$183K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004401	−0.068%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004402	−0.051%	$1.2M	$9.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004402	−0.050%	$139K	$767K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004405	+0.006%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004408	+0.086%	$98K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004409	+0.107%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004413	+0.199%	$2K	$718K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004411	+0.154%	$288	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004398	−0.141%	$22K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004411	+0.154%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004411	+0.147%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004411	+0.154%	$73K	$18K	3x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004404	−0.005%	$39K	$207K	12x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004394	−0.221%	$39K	$100K	10x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004407	+0.074%	$491K	$1.0M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0204%	1h	0.004411	+0.154%	$70K	$126K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004408	+0.086%	$697K	$5.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0319% / S −0.0239%	1h	0.004405	+0.018%	$69K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004409	+0.109%	$6K	$497	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004412	+0.177%	$3.5M	$3.9M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004405	+0.016%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0440%	1h	0.004390	−0.318%	$183	$106K	10x	as long as short
Hyperliquid PUMP	+0.0629%	1h	0.004412	+0.177%	$162.4M	$52.8M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0855%	1h	0.004417	+0.280%	$1.3M	$3.5M	50x	as long as short