Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:38 UTC+0.0344%/8h= +37.6% APRpaid last 24h +0.119%

Price spread now: Reya against Perpl+0.039%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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 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 · Reya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Reya is 0.039% dearer against Perpl than usual: you sell high and buy low: +$4 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	Perpl PUMP	0.004483	0	get 0.0000% / 43m	6m 17s	$18K	$214K	20x
Short	Reya PUMPRUSDPERP	0.004485	0.0344	get 0.0043% / 1h	1m 17s	$2	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.039%Rate

Funding earned: $72.14
Price spread: +0.039% → 0.000%: $3.95
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Reya: 3 bp × 2 orders: −$6
Net: $56.29
Costs to cover: 0.198%
Break-even: 1.5 days

Slippage unknown: Perpl: 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 Perpl no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Perpl 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 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	−0.3963%	1h	0.004486	+0.069%	$21K	$9K	5x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004483	long leg	$18K	$214K	20x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004485	+0.045%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0089%	4h	0.004486	+0.067%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004488	+0.112%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.851%	$28K	$778K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004484	+0.033%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004486	+0.077%	$695K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004486	+0.067%	$523K	$717K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004487	+0.079%	$82.0M	$167.3M	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	0.004485	+0.045%	$24.4M	$98.5M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004485	+0.051%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004486	+0.067%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004484	+0.022%	$4.9M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004489	+0.134%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004484	+0.022%	$17.7M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004486	+0.067%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004489	+0.141%	$798K	$186K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004494	+0.234%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004490	+0.146%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004493	+0.223%	$150K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004489	+0.134%	$100K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004485	+0.054%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004484	+0.022%	$2K	$742K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004486	+0.067%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004490	+0.156%	$21K	$116K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004485	+0.045%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004485	+0.049%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004483	0.000%	$71K	$8K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0196%	1h	0.004487	+0.089%	$71K	$124K	25x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004498	+0.330%	$43K	$103K	10x	as long as short
Extended PUMP-USD	+0.0248%	1h	0.004484	+0.032%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004489	+0.134%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004488	+0.100%	$530K	$1.0M	10x	as long as short
Reya PUMPRUSDPERPshort	+0.0344%	1h	0.004485	+0.039%	$2	—	3x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0349% / S −0.0278%	1h	0.004485	+0.045%	$72K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004493	+0.223%	$706K	$5.9M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004511	+0.625%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0714%	1h	0.004492	+0.201%	$168.3M	$55.4M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0870%	1h	0.004491	+0.188%	$593	$112K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1239%	1h	0.004492	+0.207%	$1.4M	$3.1M	50x	as long as short