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: Pacifica against Perpl−0.134%7-day average −0.009% · you buy dearer than you sell

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

Long on Perpl Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 4 days (all we have)−2.483%−$248 · spread now −0.134%, 7d avg −0.009%

Together, before fees−2.453%+ Points / potential airdropPerpl: Active · Pacifica: Active · farm board−$245 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 0.125% cheaper against Perpl than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of −0.009%). If the spread goes back, that is −$12 on $10k: about 4.2 days of funding at the current rate (+$3 a day). At the pace of the last 7 days (+0.030% in total) that is about 29 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004493	0	get 0.0000% / 43m	32m 45s	$18K	$207K	20x
Short	Pacifica PUMP	0.004487	0.0100	get 0.0013% / 1h	27m 45s	$492K	$662K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.134%Rate

Funding earned: $21
Price spread: −0.134% → −0.009%: −$12.47
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$13.27
Costs to cover: 0.218%
Break-even: 11.4 days

Slippage unknown: Perpl: no order-book sample; Pacifica: live order book, 41 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 Pacifica live order book, 41 min ago	3.36 bp	11.6 bp −$12	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 41 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	−0.1887%	1h	0.004486	−0.151%	$21K	$9K	5x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004493	long leg	$18K	$207K	20x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004496	+0.068%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0070%	4h	0.004497	+0.089%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004502	+0.200%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.070%	$29K	$770K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004492	−0.011%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004502	+0.190%	$729K	$2.4M	50x	as long as short
Pacifica PUMPshort	+0.0100%	1h	0.004487	−0.134%	$492K	$662K	10x
Binance PUMPUSDT	+0.0100%	4h	0.004502	+0.208%	$81.2M	$165.9M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004500	+0.156%	$24.3M	$98.7M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004480	−0.280%	$21K	$170K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004493	0.000%	$40K	$63K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004498	+0.111%	$4.8M	$10.9M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004504	+0.245%	$24.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004500	+0.156%	$17.8M	$19.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004502	+0.200%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004501	+0.183%	$797K	$185K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004488	−0.116%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004466	−0.601%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004485	−0.178%	$139K	$754K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004498	+0.111%	$104K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004496	+0.078%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004494	+0.022%	$2K	$737K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004499	+0.134%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004501	+0.178%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004505	+0.267%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004494	+0.019%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004499	+0.141%	$3.8M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004495	+0.045%	$72K	$8K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0195%	1h	0.004499	+0.134%	$71K	$124K	25x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004489	−0.098%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0248%	1h	0.004497	+0.089%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004496	+0.056%	$531K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004494	+0.018%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0360% / S −0.0290%	1h	0.004493	0.000%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004509	+0.356%	$719K	$5.8M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004492	−0.022%	$39K	$203K	12x	as long as short
Hyperliquid PUMP	+0.0622%	1h	0.004509	+0.356%	$168.4M	$54.7M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0746%	1h	0.004472	−0.459%	$592	$111K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1235%	1h	0.004508	+0.327%	$1.3M	$3.1M	50x	as long as short