Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:22 UTC−0.0208%/8h= −22.7% APRpaid last 24h −0.045%

Price spread now: Perpl against Popdex+1.545%7-day average +1.362% · you sell dearer than you buy

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

Long on Popdex Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.075%−$7 on $10k

Price spread, last 4 days (all we have)+1.059%+$106 · spread now +1.545%, 7d avg +1.362%

Together, before fees+0.984%+ Points / potential airdropPerpl: Active · farm board+$98 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Perpl is 0.184% dearer against Popdex than usual: you sell high and buy low (spread +1.545% now, against its 7-day average of +1.362%): +$18 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 3.0 days. At the pace of the last 4 days (−0.075% in total) that is about 8.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PUMPUSDT	0.004400	0.0096	pay 0.0012% / 1h	33m 12s	$27K	$789K	20x
Short	Perpl PUMP	0.004468	−0.0112	pay 0.0010% / 43m	21m 12s	$18K	$225K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Popdex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PerplbpOrdersPrice spread, now +1.545%Rate

Funding earned: −$43.6
Price spread: +1.545% → +1.362%: $18.39
Slippage, 4 orders: no order book: not counted
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$45.42
Costs to cover: 0.202%
Break-even: never at this rate

Slippage unknown: Popdex: live order book, 31 min ago; Perpl: 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 Popdex live order book, 31 min ago	1.11 bp	14.6 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

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
Perpl PUMPshort	−0.0112%	43m	0.004468	+1.545%	$18K	$225K	20x
dYdX PUMP-USD	−0.0015%	1h	0.004475	+1.707%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004471	+1.614%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004469	+1.563%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0095%	4h	0.004469	+1.568%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004471	+1.614%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDTlong	+0.0096%	1h	0.004400	long leg	$27K	$789K	20x
Nado PUMP-PERP	+0.0100%	1h	0.004467	+1.534%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004469	+1.570%	$703K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004472	+1.636%	$521K	$736K	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	0.004471	+1.606%	$81.6M	$170.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004470	+1.591%	$24.3M	$98.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004466	+1.502%	$31K	$185K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004469	+1.568%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004467	+1.523%	$5.0M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004474	+1.682%	$23.8M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004469	+1.568%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004469	+1.568%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004469	+1.577%	$795K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004472	+1.631%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004475	+1.705%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004476	+1.727%	$149K	$752K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004472	+1.636%	$107K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004469	+1.572%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004468	+1.545%	$2K	$753K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004470	+1.591%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004462	+1.409%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004471	+1.614%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004469	+1.574%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004465	+1.477%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004468	+1.545%	$60K	—	100x	as long as short
Extended PUMP-USD	+0.0240%	1h	0.004469	+1.574%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004471	+1.614%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004467	+1.532%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004472	+1.636%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004470	+1.585%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004473	+1.659%	$698K	$6.0M	50x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004471	+1.612%	$532K	$989K	10x	as long as short
Hyperliquid PUMP	+0.0571%	1h	0.004476	+1.727%	$167.4M	$55.9M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0870%	1h	0.004475	+1.712%	$591	$116K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004478	+1.773%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1338%	1h	0.004472	+1.644%	$1.1M	$3.4M	50x	as long as short