Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.074%

Price spread now: Gate against Reya−0.018%7-day average — · you buy dearer than you sell

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

Long on Reya Short on Gate

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PUMPRUSDPERP	0.004436	0.0344	pay 0.0043% / 1h	53m 46s	$2	—	3x
Short	Gate PUMP_USDT	0.004435	0.0100	get 0.0050% / 4h	3h 53m	$4.9M	$10.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Reya. 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 ReyabpFee GatebpOrdersPrice spread, now −0.018%Rate

Funding earned: −$51.14
Price spread: −0.018% → 0.000%: −$1.76
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$73.9
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; Gate: live order book, 5 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 Reya no order-book sample	—	—	—	—	—
Sell Gate live order book, 5 min ago	3.39 bp	19.5 bp −$20	40.6 bp −$406	82.7 bp −$8,272	doesn't fit

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
dYdX PUMP-USD	−1.1497%	1h	0.004431	−0.105%	$20K	$9K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004435	−0.018%	$18K	$238K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004436	+0.003%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004439	+0.073%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.807%	$29K	$695K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004439	+0.084%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004438	+0.060%	$703K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004441	+0.118%	$498K	$821K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004437	+0.039%	$80.9M	$172.4M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004439	+0.073%	$24.2M	$97.7M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004435	−0.022%	$31K	$192K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004444	+0.185%	$62K	$99K	10x	as long as short
Gate PUMP_USDTshort	+0.0100%	4h	0.004435	−0.018%	$4.9M	$10.4M	75x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004439	+0.073%	$23.7M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004437	+0.028%	$17.5M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004437	+0.028%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004432	−0.085%	$790K	$209K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004429	−0.144%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004433	−0.057%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004433	−0.063%	$147K	$756K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004442	+0.140%	$104K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004435	−0.018%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004434	−0.044%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004438	+0.050%	$2K	$767K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004431	−0.108%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004434	−0.040%	$21K	$105K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004433	−0.063%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004443	+0.168%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004431	−0.108%	$66K	$13K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0201%	1h	0.004436	+0.005%	$70K	$122K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004434	−0.040%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0312%	1h	0.004437	+0.033%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004446	+0.230%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERPlong	+0.0344%	1h	0.004436	long leg	$2	—	3x
01 Exchange PUMPUSD	+0.0344%	1h	0.004444	+0.185%	$6K	$625	10x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004442	+0.140%	$42K	$119K	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004444	+0.185%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004435	−0.018%	$705K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0483%	1h	0.004443	+0.163%	$166.6M	$54.4M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004445	+0.199%	$528K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0661%	1h	0.004434	−0.030%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1032%	1h	0.004440	+0.097%	$786	$111K	10x	as long as short