Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Gate against Popdex+1.349%7-day average +1.316% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$600.600% of the position

Long on Popdex Short on Gate

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.593%−$59 · spread now +1.349%, 7d avg +1.316%

Together, before fees−0.592%−$59 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Gate is 0.033% dearer against Popdex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +1.316%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PUMPUSDT	0.004300	0.0096	pay 0.0012% / 1h	45m 21s	$26K	$821K	20x
Short	Gate PUMP_USDT	0.004358	0.0100	get 0.0050% / 4h	45m 21s	$4.8M	$11.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Popdex. 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 PopdexbpFee GatebpOrdersPrice spread, now +1.349%Rate

Funding earned: $0.84
Price spread: +1.349% → +1.316%: $3.27
Slippage, 4 orders: −$38.59
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$55.89
Costs to cover: 0.600%
Break-even: 472.7 days

Slippage from Popdex: live order book, 14 min ago; Gate: live order book, 3 min ago.

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 Popdex live order book, 14 min ago	2.27 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	3.45 bp	15.4 bp −$15	31.7 bp −$317	75.5 bp −$7,550	doesn't fit

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
Backpack PUMP_USDC_PERP	−0.0247%	1h	0.004357	+1.328%	$772K	$201K	5x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004360	+1.399%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004359	+1.372%	$17K	$236K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004360	+1.395%	$69K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004360	+1.406%	$52K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004365	+1.512%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDTlong	+0.0096%	1h	0.004300	long leg	$26K	$821K	20x
Nado PUMP-PERP	+0.0100%	1h	0.004357	+1.337%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004360	+1.400%	$681K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004361	+1.419%	$486K	$820K	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	0.004364	+1.498%	$79.4M	$174.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004368	+1.581%	$23.7M	$97.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004359	+1.381%	$36K	$185K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004362	+1.442%	$61K	$102K	10x	as long as short
Gate PUMP_USDTshort	+0.0100%	4h	0.004358	+1.349%	$4.8M	$11.3M	75x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004363	+1.465%	$23.3M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004363	+1.465%	$17.4M	$20.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004361	+1.419%	—	$13.0M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004352	+1.213%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004344	+1.023%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004353	+1.233%	$144K	$752K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004364	+1.488%	$98K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004360	+1.395%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004361	+1.414%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004364	+1.488%	$2K	$769K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004364	+1.488%	$274	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004356	+1.302%	$21K	$113K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004364	+1.488%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004360	+1.387%	$41K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004359	+1.372%	$69K	$11K	3x	as long as short
Extended PUMP-USD	+0.0168%	1h	0.004362	+1.450%	$3.8M	$4.3M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004359	+1.372%	$59K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004363	+1.465%	$6K	$727	10x	as long as short
Hyperliquid PUMP	+0.0284%	1h	0.004367	+1.558%	$163.1M	$56.3M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004363	+1.465%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004360	+1.389%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004363	+1.470%	$41K	$120K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004368	+1.581%	$691K	$5.8M	50x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004362	+1.445%	$518K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004353	+1.233%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0811%	1h	0.004367	+1.550%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0871%	1h	0.004364	+1.496%	$576	$115K	10x	as long as short