Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0242%/8h= +26.5% APRpaid last 24h +0.073%

Price spread now: Reya against Paradex+0.139%7-day average — · you sell dearer than you buy

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

Long on Paradex 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 airdropParadex: Active · Reya: 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 0.139% dearer against Paradex than usual: you sell high and buy low: +$14 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	Paradex PUMP-USD-PERP	0.004559	0.0102	pay 0.0102% / 8h	7h 25m	$43K	$276	5x
Short	Reya PUMPRUSDPERP	0.004566	0.0344	get 0.0043% / 1h	25m 01s	$2	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Paradex. 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 ParadexbpFee ReyabpOrdersPrice spread, now +0.139%Rate

Funding earned: $50.76
Price spread: +0.139% → 0.000%: $13.87
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Reya: 3 bp × 2 orders: −$6
Net: $54.63
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; 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 Paradex no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Paradex and 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
Gate PUMP_USDT	−0.0096%	4h	0.004561	+0.035%	$4.9M	$10.1M	75x	as long as short
dYdX PUMP-USD	−0.0042%	1h	0.004559	−0.006%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004562	+0.057%	$18K	$265K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004565	+0.120%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004567	+0.166%	$3.0M	$4.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.303%	$35K	$672K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004563	+0.070%	$852K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004561	+0.035%	$524K	$892K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004565	+0.122%	$83.3M	$176.7M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004560	+0.013%	$25.1M	$104.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004528	−0.691%	$27K	$152K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004569	+0.210%	$51K	$140K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004566	+0.145%	$25.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004563	+0.079%	$17.7M	$18.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004564	+0.101%	—	$14.6M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004567	+0.162%	$818K	$213K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004531	−0.630%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004527	−0.711%	$1.3M	$11.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004535	−0.535%	$161K	$748K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004568	+0.188%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004565	+0.123%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004520	−0.864%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004563	+0.079%	$2K	$788K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004566	+0.145%	$256	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004553	−0.141%	$22K	$126K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004563	+0.079%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERPlong	+0.0102%	8h	0.004559	long leg	$43K	$276	5x
Extended PUMP-USD	+0.0104%	1h	0.004560	+0.017%	$3.7M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004561	+0.035%	$68K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0112%	1h	0.004569	+0.210%	$170.3M	$51.7M	10x	as long as short
Nado PUMP-PERP	+0.0301%	1h	0.004568	+0.199%	$1.7M	$2.2M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004564	+0.101%	$65K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0312%	1h	0.004571	+0.254%	$6K	$600	10x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004527	−0.706%	$44K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004565	+0.123%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERPshort	+0.0344%	1h	0.004566	+0.139%	$2	—	3x
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	+0.495%	$38K	$204K	12x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0407%	1h	0.004567	+0.166%	$70K	$116K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004574	+0.320%	$752K	$6.2M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004571	+0.262%	$533K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0811%	1h	0.004565	+0.129%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0965%	1h	0.004538	−0.479%	$701	$109K	10x	as long as short