Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:55 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.046%

Price spread now: HTX against Perpl0.000%7-day average −0.024% · you sell dearer than you buy

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

Long on Perpl Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$21 on $10k

Price spread, last 3 days (all we have)−0.089%−$9 · spread now 0.000%, 7d avg −0.024%

Together, before fees+0.126%+ Points / potential airdropPerpl: Active · farm board+$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and HTX is 0.024% dearer against Perpl than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004422	0	get 0.0000% / 43m	5m 01s	$18K	$200K	20x
Short	HTX PUMP-USDT	0.004422	0.0100	get 0.0050% / 4h	2h 43m	$21K	$118K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $21
Price spread: 0.000% → −0.024%: $2.41
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee HTX: 6 bp × 2 orders: −$12
Net: −$2.39
Costs to cover: 0.258%
Break-even: 7.8 days

Slippage unknown: Perpl: no order-book sample; HTX: live order book, 23 min ago. 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 HTX live order book, 23 min ago	14.49 bp	68.8 bp −$69	doesn't fit	doesn't fit	doesn't fit

Perpl: 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	−0.0079%	1h	0.004424	+0.052%	$20K	$9K	5x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004422	long leg	$18K	$200K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004418	−0.090%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004422	−0.001%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0061%	4h	0.004417	−0.113%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004418	−0.090%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.498%	$27K	$769K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004420	−0.034%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004418	−0.088%	$701K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004427	+0.113%	$497K	$650K	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	0.004405	−0.374%	$79.0M	$165.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004402	−0.452%	$23.6M	$96.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004397	−0.574%	$26K	$167K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004425	+0.068%	$40K	$60K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004417	−0.113%	$4.8M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004418	−0.090%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004407	−0.339%	$17.4M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004406	−0.362%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004411	−0.258%	$785K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004406	−0.371%	$64K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004400	−0.490%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004408	−0.317%	$139K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004427	+0.113%	$104K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004418	−0.101%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004420	−0.045%	$2K	$732K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004417	−0.113%	$277	$7K	10x	as long as short
HTX PUMP-USDTshort	+0.0100%	4h	0.004422	0.000%	$21K	$118K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004417	−0.113%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004427	+0.104%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004416	−0.127%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004416	−0.136%	$70K	$8K	3x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004428	+0.136%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004398	−0.550%	$41K	$103K	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004427	+0.113%	$483K	$995K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004407	−0.339%	$3.6M	$4.2M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004420	−0.049%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0360% / S −0.0301%	1h	0.004421	−0.023%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004424	+0.045%	$703K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0465%	1h	0.004414	−0.181%	$162.9M	$54.2M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004404	−0.407%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0710%	1h	0.004411	−0.249%	$386	$111K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1259%	1h	0.004421	−0.027%	$1.3M	$3.1M	50x	as long as short