Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:31 UTC+0.0638%/8h= +69.9% APRpaid last 24h +0.117%

Price spread now: RISEx against Perpl+0.090%7-day average +0.021% · you sell dearer than you buy

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

Long on Perpl Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.294%+$29 on $10k

Price spread, last 4 days (all we have)−0.652%−$65 · spread now +0.090%, 7d avg +0.021%

Together, before fees−0.358%+ Points / potential airdropPerpl: Active · farm board−$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$19 a day on $10k at the current rate, and RISEx is 0.069% dearer against Perpl than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004430	0	get 0.0000% / 43m	23m 01s	$18K	$240K	20x
Short	RISEx PUMP/USDC	0.004434	0.0638	get 0.0080% / 1h	26m 01s	$527K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.090%Rate

Funding earned: $133.96
Price spread: +0.090% → +0.021%: $6.93
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee RISEx: 3 bp × 2 orders: −$6
Net: $121.1
Costs to cover: 0.198%
Break-even: 0.7 days

Slippage unknown: Perpl: no order-book sample; RISEx: live order book, 3 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 RISEx live order book, 3 min ago	2.25 bp	5.2 bp −$5	12.3 bp −$123	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	−0.3430%	1h	0.004434	+0.095%	$20K	$11K	5x	as long as short
Gate PUMP_USDT	−0.0024%	4h	0.004430	0.000%	$4.9M	$10.5M	75x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004430	long leg	$18K	$240K	20x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004432	+0.040%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004434	+0.090%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.677%	$30K	$674K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004434	+0.102%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004433	+0.065%	$708K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004433	+0.068%	$492K	$824K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004433	+0.062%	$80.7M	$170.0M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004432	+0.045%	$24.2M	$96.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004452	+0.488%	$31K	$188K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004435	+0.113%	$62K	$99K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004434	+0.090%	$23.8M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004432	+0.045%	$17.4M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004433	+0.068%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004432	+0.050%	$790K	$207K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004451	+0.482%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004450	+0.449%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004459	+0.655%	$148K	$745K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004436	+0.135%	$106K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004431	+0.023%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004431	+0.021%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004431	+0.023%	$2K	$759K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004432	+0.045%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004426	−0.090%	$21K	$102K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004434	+0.090%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004433	+0.072%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004429	−0.023%	$66K	$13K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0201%	1h	0.004434	+0.090%	$70K	$122K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004431	+0.023%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0296%	1h	0.004432	+0.050%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004435	+0.113%	$3.6M	$4.4M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004456	+0.585%	$42K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004431	+0.015%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0352%	1h	0.004435	+0.113%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004456	+0.587%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004437	+0.158%	$708K	$5.8M	50x	as long as short
Hyperliquid PUMP	+0.0528%	1h	0.004440	+0.226%	$166.3M	$53.8M	10x	as long as short
RISEx PUMP/USDCshort	+0.0638%	1h	0.004434	+0.090%	$527K	$1.0M	10x
Kraken Futures PF_PUMPUSD	+0.0661%	1h	0.004434	+0.084%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1023%	1h	0.004441	+0.243%	$316	$110K	10x	as long as short