Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0241%/8h= −26.4% APRpaid last 24h −0.073%

Price spread now: Paradex against Reya+0.130%7-day average — · you sell dearer than you buy

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

Long on Reya Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 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 · Paradex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.130% dearer against Reya than usual: you sell high and buy low (spread +0.130% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PUMPRUSDPERP	0.004472	0.0344	pay 0.0043% / 1h	59m 19s	$2	—	3x
Short	Paradex PUMP-USD-PERP	0.004478	0.0102	get 0.0102% / 8h	59m 19s	$43K	$276	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.130%Rate

Funding earned: −$50.64
Price spread: +0.130% → 0.000%: $12.96
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$47.68
Costs to cover: 0.100%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; Paradex: 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 Reya no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Reya and Paradex: 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	−0.0006%	1h	0.004482	+0.229%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004475	+0.072%	$18K	$268K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004476	+0.095%	$69K	$116K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004472	+0.012%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0062%	4h	0.004470	−0.040%	$4.9M	$10.1M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004477	+0.117%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.605%	$28K	$647K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004472	+0.016%	$1.6M	$2.1M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004476	+0.095%	$167.0M	$51.3M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004474	+0.039%	$819K	$2.4M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004478	+0.139%	$525K	$860K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004477	+0.107%	$82.0M	$172.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004477	+0.117%	$24.7M	$97.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004476	+0.092%	$27K	$149K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004478	+0.139%	$65K	$100K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004479	+0.162%	$24.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004474	+0.050%	$17.6M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004472	+0.005%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004482	+0.226%	$802K	$200K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004487	+0.339%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004481	+0.210%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004487	+0.341%	$151K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004475	+0.072%	$103K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004474	+0.050%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004506	+0.761%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004473	+0.027%	$2K	$770K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004475	+0.072%	$243	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004476	+0.095%	$21K	$83K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004475	+0.072%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERPshort	+0.0102%	8h	0.004478	+0.130%	$43K	$276	5x
Extended PUMP-USD	+0.0104%	1h	0.004475	+0.078%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004472	+0.005%	$66K	$10K	3x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004475	+0.072%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0279%	1h	0.004505	+0.743%	$37K	$204K	12x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0302% / S −0.0274%	1h	0.004472	+0.005%	$64K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004479	+0.162%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERPlong	+0.0344%	1h	0.004472	long leg	$2	—	3x
Phoenix PUMP	+0.0405%	1h	0.004492	+0.446%	$47K	$136K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0449%	1h	0.004479	+0.151%	$1.1M	$3.5M	50x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0536%	1h	0.004478	+0.139%	$723K	$5.8M	50x	as long as short
RISEx PUMP/USDC	+0.0784%	1h	0.004476	+0.095%	$532K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1001%	1h	0.004500	+0.642%	$498	$112K	10x	as long as short