Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0250%/8hnext payment +$0.31 per $10,000 · paid last 24h +0.030%

Price spread now: Reya against Phoenix−0.173%7-day average — · you buy dearer than you sell

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

Long on Phoenix 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 airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.173% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.173% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 2.3 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PUMP	0.004258	0.0094	pay 0.0012% / 1h	47m 28s	$38K	$100K	10x
Short	Reya PUMPRUSDPERP	0.004250	0.0344	get 0.0043% / 1h	47m 28s	$2	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Phoenix. 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 PhoenixbpFee ReyabpOrdersPrice spread, now −0.173%Rate

Funding earned: $52.45
Price spread: −0.173% → 0.000%: −$17.32
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: $22.13
Costs to cover: 0.130%
Break-even: 4.0 days

Slippage unknown: Phoenix: live order book, 7 min ago; 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 Phoenix live order book, 7 min ago	2.12 bp	16.1 bp −$16	58.0 bp −$580	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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 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
Aster PUMPUSDT	−0.0018%	4h	0.004252	−0.136%	$750K	$2.4M	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004252	−0.140%	$20K	$5K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004249	−0.207%	$19K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004253	−0.113%	$69K	$133K	25x	as long as short
Orderly PERP_PUMP_USDC	0.0000%	4h	0.004249	−0.207%	$40K	$37K	10x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004252	−0.141%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0050%	4h	0.004249	−0.207%	$4.5M	$11.9M	75x	as long as short
Phoenix PUMPlong	+0.0094%	1h	0.004258	long leg	$38K	$100K	10x
Lighter PUMP	+0.0096%	1h	0.004251	−0.160%	$2.9M	$6.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−1.358%	$26K	$826K	20x	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	+0.0096%	4h	0.004250	−0.183%	$22.4M	$98.9M	50x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004251	−0.150%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004250	−0.171%	$1.6M	$2.1M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004254	−0.089%	$153.9M	$54.3M	10x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004252	−0.136%	$446K	$638K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004251	−0.160%	$76.0M	$176.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004258	+0.005%	$20K	$199K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004251	−0.160%	$41K	$57K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004253	−0.113%	$22.4M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004249	−0.207%	$16.9M	$20.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004250	−0.183%	—	$13.6M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004251	−0.167%	$762K	$193K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004253	−0.107%	$63K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004251	−0.160%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004254	−0.089%	$97K	$764K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004254	−0.089%	$94K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004251	−0.149%	$4K	$15K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004252	−0.136%	$2K	$735K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004249	−0.207%	$267	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004249	−0.207%	$22K	$154K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004248	−0.230%	$2.0M	$4.1M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004250	−0.178%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004249	−0.207%	$70K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0117%	1h	0.004253	−0.124%	$473K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0120%	1h	0.004254	−0.089%	$5K	$819	10x	as long as short
Aftermath Perps PUMPUSD	+0.0191%	1h	0.004256	−0.038%	$177	$118K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0208%	1h	0.004253	−0.113%	$620K	$6.0M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004251	−0.160%	$65K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004254	−0.089%	$3.5M	$4.3M	75x	as long as short
Reya PUMPRUSDPERPshort	+0.0344%	1h	0.004250	−0.173%	$2	—	3x
Injective PUMP/USDC PERP	+0.0603%	1h	0.004274	+0.380%	$38K	$156K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0792%	1h	0.004255	−0.072%	$1.3M	$3.6M	50x	as long as short