Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.073%

Price spread now: Reya against HTX+0.061%7-day average — · you sell dearer than you buy

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

Long on HTX Short on Reya

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 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Reya is 0.061% dearer against HTX than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PUMP-USDT	0.004548	0.0100	pay 0.0050% / 4h	3h 44m	$23K	$124K	20x
Short	Reya PUMPRUSDPERP	0.004551	0.0344	get 0.0043% / 1h	44m 59s	$2	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against HTX. 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 HTXbpFee ReyabpOrdersPrice spread, now +0.061%Rate

Funding earned: $51.14
Price spread: +0.061% → 0.000%: $6.12
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $39.26
Costs to cover: 0.180%
Break-even: 1.6 days

Slippage unknown: HTX: live order book, 9 min ago; Reya: 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 HTX live order book, 9 min ago	17.58 bp	26.7 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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
dYdX PUMP-USD	0.0000%	1h	0.004548	+0.005%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004550	+0.044%	$18K	$268K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004551	+0.068%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004556	+0.176%	$3.0M	$4.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.055%	$33K	$660K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004552	+0.097%	$860K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004552	+0.088%	$523K	$884K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004553	+0.117%	$83.3M	$176.3M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004550	+0.044%	$25.0M	$103.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004555	+0.165%	$27K	$164K	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	0.004556	+0.176%	$50K	$140K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004554	+0.132%	$4.9M	$9.9M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004556	+0.176%	$24.8M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004554	+0.132%	$17.8M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004552	+0.088%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004558	+0.215%	$817K	$214K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004552	+0.098%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004557	+0.189%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004563	+0.330%	$162K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004554	+0.132%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004553	+0.110%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004555	+0.157%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004552	+0.088%	$1K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004554	+0.132%	$257	$7K	10x	as long as short
HTX PUMP-USDTlong	+0.0100%	4h	0.004548	long leg	$23K	$124K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004552	+0.088%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004555	+0.153%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004552	+0.094%	$3.8M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004551	+0.066%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0189%	1h	0.004555	+0.154%	$70K	$116K	25x	as long as short
Hyperliquid PUMP	+0.0280%	1h	0.004560	+0.264%	$170.4M	$51.2M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004551	+0.066%	$65K	—	100x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004550	+0.044%	$44K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004552	+0.088%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERPshort	+0.0344%	1h	0.004551	+0.061%	$2	—	3x
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	+0.748%	$38K	$204K	12x	as long as short
01 Exchange PUMPUSD	+0.0392%	1h	0.004557	+0.198%	$6K	$600	10x	as long as short
Nado PUMP-PERP	+0.0427%	1h	0.004554	+0.126%	$1.7M	$2.2M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004558	+0.220%	$740K	$6.2M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004557	+0.209%	$532K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0813%	1h	0.004557	+0.203%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1018%	1h	0.004555	+0.161%	$504	$111K	10x	as long as short