Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Popdex against Binance−0.264%7-day average −1.301% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$59as in the Price arb table

costs, in and out, $10k−$450.450% of the position

Long on Binance Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.559%−$56 · spread now −0.264%, 7d avg −1.301%

Together, before fees−0.565%−$56 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Popdex is 1.037% dearer against Binance than usual: you sell high and buy low, +$104 on $10k if it goes back to its 7-day average of −1.301%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PUMPUSDT	0.004512	0.0100	pay 0.0050% / 4h	2h 14m	$82.8M	$167.9M	75x
Short	Popdex PUMPUSDT	0.004500	0.0096	get 0.0012% / 1h	14m 02s	$33K	$639K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.264%Rate

Funding earned: −$0.84
Price spread: −0.264% → −1.301%: $103.73
Slippage, 4 orders: −$28.56
Fee Binance: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $57.92
Costs to cover: 0.450%
Break-even: from the start

Slippage from Binance: live order book, 14 min ago; Popdex: live order book, 35 min ago.

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, 14 min ago	1.13 bp	10.2 bp −$10	18.4 bp −$184	66.3 bp −$6,627	292.7 bp −$146.3K
Sell Popdex live order book, 35 min ago	1.11 bp	12.6 bp −$13	doesn't fit	doesn't fit	doesn't fit

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	−0.0009%	1h	0.004523	+0.246%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004520	+0.179%	$18K	$250K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004518	+0.143%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004516	+0.090%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004500	−0.264%	$33K	$639K	20x
Aster PUMPUSDT	+0.0100%	4h	0.004512	0.000%	$720K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004520	+0.179%	$535K	$880K	10x	as long as short
Binance PUMPUSDTlong	+0.0100%	4h	0.004512	long leg	$82.8M	$167.9M	75x
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004510	−0.043%	$24.7M	$96.7M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004502	−0.229%	$27K	$168K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004523	+0.246%	$65K	$103K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004511	−0.020%	$5.0M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004514	+0.046%	$24.2M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004509	−0.065%	$17.9M	$18.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004512	+0.002%	—	$14.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004511	−0.016%	$811K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004501	−0.244%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004498	−0.309%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	−0.176%	$152K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004525	+0.290%	$113K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004515	+0.068%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004512	+0.011%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004512	+0.002%	$2K	$749K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004514	+0.046%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004514	+0.046%	$21K	$94K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004515	+0.068%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004511	−0.014%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004510	−0.043%	$67K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0105%	1h	0.004521	+0.212%	$1.6M	$2.1M	10x	as long as short
Paradex PUMP-USD-PERP	+0.0107%	8h	0.004522	+0.215%	$43K	$276	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0193%	1h	0.004515	+0.068%	$70K	$115K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004517	+0.113%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0336%	1h	0.004525	+0.290%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004524	+0.268%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004521	+0.197%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004504	−0.176%	$46K	$119K	10x	as long as short
Hyperliquid PUMP	+0.0426%	1h	0.004515	+0.068%	$168.1M	$50.3M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004522	+0.223%	$726K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004504	−0.176%	$38K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004524	+0.263%	$538K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0811%	1h	0.004515	+0.066%	$1.1M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1107%	1h	0.004496	−0.363%	$521	$111K	10x	as long as short