Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:55 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.046%

Price spread now: Perpl against Binance−0.118%7-day average +0.021% · you buy dearer than you sell

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

Long on Binance Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 4 days (all we have)+2.616%+$262 · spread now −0.118%, 7d avg +0.021%

Together, before fees+2.450%+ Points / potential airdropPerpl: Active · farm board+$245 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 0.139% cheaper against Binance than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.021%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PUMPUSDT	0.004530	0.0100	pay 0.0050% / 4h	2h 25m	$81.8M	$166.3M	75x
Short	Perpl PUMP	0.004525	0	get 0.0000% / 43m	30m 15s	$18K	$209K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Binance. 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 BinancebpFee PerplbpOrdersPrice spread, now −0.118%Rate

Funding earned: −$21
Price spread: −0.118% → +0.021%: −$13.9
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$58.7
Costs to cover: 0.238%
Break-even: never at this rate

Slippage unknown: Binance: 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 Binance live order book, 3 min ago	1.11 bp	8.5 bp −$9	19.2 bp −$192	56.4 bp −$5,635	263.4 bp −$131.7K
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 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	−0.2802%	1h	0.004507	−0.509%	$21K	$9K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004525	−0.118%	$18K	$209K	20x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004529	−0.033%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0070%	4h	0.004537	+0.147%	$43K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004536	+0.125%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.670%	$31K	$771K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004525	−0.107%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004519	−0.258%	$731K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004512	−0.405%	$495K	$662K	10x	as long as short
Binance PUMPUSDTlong	+0.0100%	4h	0.004530	long leg	$81.8M	$166.3M	75x

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004536	+0.125%	$24.5M	$99.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004495	−0.782%	$21K	$171K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004515	−0.339%	$40K	$63K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004531	+0.015%	$4.9M	$11.0M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004531	+0.015%	$24.1M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004535	+0.103%	$17.9M	$19.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004530	−0.008%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004513	−0.389%	$799K	$187K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004504	−0.574%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004508	−0.503%	$1.3M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004481	−1.089%	$139K	$754K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004528	−0.052%	$85K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004534	+0.076%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004535	+0.103%	$2K	$738K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004535	+0.103%	$285	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004532	+0.037%	$22K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004532	+0.037%	$2.1M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004517	−0.293%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004535	+0.109%	$3.8M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004532	+0.037%	$72K	$8K	3x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004518	−0.261%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004522	−0.184%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004518	−0.283%	$556K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004528	−0.056%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0361% / S −0.0291%	1h	0.004529	−0.030%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004541	+0.235%	$721K	$5.9M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0412%	1h	0.004537	+0.147%	$72K	$124K	25x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004518	−0.272%	$39K	$203K	12x	as long as short
Hyperliquid PUMP	+0.0670%	1h	0.004528	−0.052%	$169.1M	$55.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0748%	1h	0.004492	−0.837%	$595	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1225%	1h	0.004543	+0.272%	$1.3M	$3.1M	50x	as long as short