Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:48 UTC−1.1034%/8h= −1208.3% APRpaid last 24h −0.338%

Price spread now: dYdX against Perpl+0.072%7-day average — · you sell dearer than you buy

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

Long on Perpl Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropPerpl: Active · farm boardneeds both histories

The price spread pays, funding is against you. dYdX is 0.072% dearer against Perpl than usual: you sell high and buy low (spread +0.072% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$331 a day in funding at the current rate, which eats that in about under an hour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004439	−0.0112	get 0.0010% / 43m	3m 35s	$18K	$239K	20x
Short	dYdX PUMP-USD	0.004442	−1.1146	pay 0.1393% / 1h	49m 35s	$20K	$11K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Perpl. 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 PerplbpFee dYdXbpOrdersPrice spread, now +0.072%Rate

Funding earned: −$2,317.22
Price spread: +0.072% → 0.000%: $7.21
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$2,333.81
Costs to cover: 0.238%
Break-even: never at this rate

Slippage unknown: Perpl: no order-book sample; dYdX: 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 Perpl no order-book sample	—	—	—	—	—
Sell dYdX no order-book sample	—	—	—	—	—

Perpl and dYdX: 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-USDshort	−1.1146%	1h	0.004442	+0.072%	$20K	$11K	5x
Perpl PUMPlong	−0.0112%	43m	0.004439	long leg	$18K	$239K	20x
Gate PUMP_USDT	−0.0048%	4h	0.004441	+0.045%	$4.9M	$10.4M	75x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004435	−0.090%	$70K	$122K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004437	−0.050%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004445	+0.135%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.879%	$29K	$693K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004441	+0.056%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004442	+0.064%	$704K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004443	+0.090%	$495K	$822K	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	0.004445	+0.134%	$81.0M	$171.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004440	+0.023%	$24.2M	$97.5M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004451	+0.264%	$31K	$187K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004444	+0.113%	$62K	$99K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004446	+0.158%	$23.8M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004441	+0.045%	$17.5M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004441	+0.045%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004438	−0.032%	$791K	$209K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004444	+0.109%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004449	+0.228%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004444	+0.113%	$147K	$756K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004442	+0.068%	$104K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004436	−0.068%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004435	−0.096%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004438	−0.023%	$2K	$766K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004438	−0.023%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004445	+0.135%	$21K	$105K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004440	+0.023%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004442	+0.068%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004434	−0.113%	$66K	$13K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004434	−0.113%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0304%	1h	0.004441	+0.051%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004460	+0.473%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004454	+0.340%	$42K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004439	−0.004%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0352%	1h	0.004446	+0.158%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004454	+0.338%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004440	+0.023%	$705K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0550%	1h	0.004451	+0.270%	$166.9M	$54.4M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004444	+0.124%	$528K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0660%	1h	0.004440	+0.017%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1035%	1h	0.004442	+0.071%	$448	$112K	10x	as long as short