Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Popdex against BingX−2.004%7-day average −1.303% · 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−$118as in the Price arb table

costs, in and out, $10k−$480.482% of the position

Long on BingX Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.007%−$1 on $10k

Price spread, last 4 days (all we have)+1.322%+$132 · spread now −2.004%, 7d avg −1.303%

Together, before fees+1.315%+$132 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 0.701% cheaper against BingX than usual: you would sell low and buy high, −$70 on $10k if it goes back to its 7-day average of −1.303%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PUMP-USDT	0.004490	0.0100	pay 0.0050% / 4h	3h 02m	—	$12.7M	—
Short	Popdex PUMPUSDT	0.004400	0.0096	get 0.0012% / 1h	2m 46s	$31K	$622K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against BingX. 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 BingXbpFee PopdexbpOrdersPrice spread, now −2.004%Rate

Funding earned: −$0.84
Price spread: −2.004% → −1.303%: −$70.12
Slippage, 4 orders: −$31.85
Fee BingX: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$119.21
Costs to cover: 0.482%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; Popdex: live order book, 51 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 BingX live order book, 6 min ago	1.12 bp	8.8 bp −$9	15.2 bp −$152	34.8 bp −$3,479	142.0 bp −$71.0K
Sell Popdex live order book, 51 min ago	2.25 bp	15.5 bp −$16	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	−0.2049%	1h	0.004492	+0.045%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004493	+0.067%	$18K	$236K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004492	+0.045%	$71K	$116K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0003%	1h	0.004492	+0.055%	$58K	—	150x	as long as short
Gate PUMP_USDT	+0.0032%	4h	0.004488	−0.045%	$4.9M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004493	+0.067%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004400	−2.004%	$31K	$622K	20x
Nado PUMP-PERP	+0.0100%	1h	0.004500	+0.234%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004489	−0.017%	$712K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004492	+0.045%	$499K	$755K	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	0.004488	−0.042%	$81.7M	$164.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004488	−0.045%	$24.5M	$95.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004494	+0.091%	$32K	$184K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004495	+0.111%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004491	+0.022%	$24.1M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004490	0.000%	$17.7M	$18.7M	75x	as long as short
BingX PUMP-USDTlong	+0.0100%	4h	0.004490	long leg	—	$12.7M	—
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004490	−0.007%	$801K	$200K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004488	−0.038%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004487	−0.073%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004484	−0.134%	$150K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004498	+0.178%	$108K	$2.0M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004491	+0.022%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004491	+0.021%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004491	+0.022%	$2K	$739K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004492	+0.045%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004489	−0.022%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004494	+0.089%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004493	+0.056%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004492	+0.045%	$67K	$10K	3x	as long as short
Extended PUMP-USD	+0.0264%	1h	0.004489	−0.015%	$3.9M	$3.8M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004491	+0.022%	$54K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004495	+0.111%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004490	0.000%	$46K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004495	+0.106%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0344%	1h	0.004498	+0.178%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004507	+0.379%	$39K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004499	+0.200%	$713K	$5.6M	50x	as long as short
Hyperliquid PUMP	+0.0522%	1h	0.004495	+0.111%	$168.6M	$50.0M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004495	+0.122%	$534K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0652%	1h	0.004495	+0.101%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1131%	1h	0.004489	−0.031%	$520	$106K	10x	as long as short