Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0174%/8h= +19.1% APRpaid last 24h +0.055%

Price spread now: GMX against Binance−0.171%60s7-day average — · you buy dearer than you sell

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

Long on Binance Short on GMX

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—needs both histories

Funding pays, the price is against you. GMX is 0.171% cheaper against Binance than usual: you would sell low and buy high (spread −0.171% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$17 on $10k: about 3.3 days of funding at the current rate (+$5 a day). The two prices were read 60 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PUMPUSDT	0.004586	0.0100	pay 0.0050% / 4h	14m 22s	$83.8M	$173.4M	75x
Short	GMX PUMP/USD [WBTC.b-USDC]	0.004578	L +0.0305% / S −0.0274%	get 0.0034% / 1h	14m 22s	$66K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now −0.171%Rate

Funding earned: $36.54
Price spread: −0.171% → 0.000%: −$17.14
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$2.6
Costs to cover: 0.220%
Break-even: 7.5 days

Slippage unknown: Binance: live order book, 14 min ago; GMX: 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 Binance live order book, 14 min ago	1.10 bp	9.2 bp −$9	18.2 bp −$182	66.3 bp −$6,630	295.4 bp −$147.7K
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	0.0000%	1h	0.004587	+0.030%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004583	−0.062%	$18K	$269K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004585	−0.029%	$58K	—	150x	as long as short
Gate PUMP_USDT	+0.0016%	4h	0.004583	−0.062%	$5.0M	$10.4M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004590	+0.090%	$3.0M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.872%	$29K	$648K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004583	−0.072%	$855K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004587	+0.025%	$535K	$858K	10x	as long as short
Binance PUMPUSDTlong	+0.0100%	4h	0.004586	long leg	$83.8M	$173.4M	75x
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004580	−0.128%	$25.2M	$102.3M	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	0.004569	−0.376%	$27K	$153K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004585	−0.019%	$46K	$125K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004590	+0.090%	$24.9M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004580	−0.128%	$18.0M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004584	−0.041%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004580	−0.119%	$822K	$206K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004547	−0.850%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004550	−0.782%	$1.3M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004557	−0.629%	$154K	$741K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004590	+0.090%	$106K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004585	−0.019%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004583	−0.064%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004578	−0.171%	$2K	$774K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004578	−0.171%	$256	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004571	−0.324%	$22K	$77K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004577	−0.193%	$1.9M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004589	+0.074%	$44K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004579	−0.140%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004582	−0.084%	$68K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0160%	1h	0.004585	−0.008%	$1.7M	$2.1M	10x	as long as short
Hyperliquid PUMP	+0.0186%	1h	0.004591	+0.112%	$171.9M	$50.1M	10x	as long as short
01 Exchange PUMPUSD	+0.0272%	1h	0.004590	+0.090%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0279%	1h	0.004579	−0.150%	$38K	$204K	12x	as long as short
GMX PUMP/USD [WBTC.b-USDC]short	L +0.0305% / S −0.0274%	1h	0.004578	−0.171%	$66K	—	100x
BloFin PUMP-USDT	+0.0340%	4h	0.004580	−0.128%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004579	−0.153%	$2	—	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0405%	1h	0.004585	−0.019%	$70K	$116K	25x	as long as short
Phoenix PUMP	+0.0410%	1h	0.004542	−0.965%	$44K	$139K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0439%	1h	0.004580	−0.138%	$1.1M	$3.5M	50x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0536%	1h	0.004585	−0.019%	$735K	$6.1M	50x	as long as short
RISEx PUMP/USDC	+0.0784%	1h	0.004589	+0.073%	$544K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0905%	1h	0.004558	−0.605%	$504	$111K	10x	as long as short