Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0323%/8h= −35.4% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against BingX+0.433%68s7-day average +0.090% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.509% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 3 days (all we have)−0.220%−$22 · spread now +0.433%, 7d avg +0.090%

Together, before fees−0.231%−$23 on $10k · with fees, hour by hour

The price spread pays, funding is against you. ApeX Omni is 0.343% dearer against BingX than usual: you sell high and buy low (spread +0.433% now, against its 7-day average of +0.090%): +$34 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 3.5 days. At the pace of the last 7 days (−0.012% in total) that is about 7 months. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PUMP-USDT	0.004385	0.0100	pay 0.0050% / 4h	2h 54m	—	$12.9M	—
Short	ApeX Omni PUMPUSDT	0.004404	−0.0223	pay 0.0028% / 1h	54m 25s	$139K	$759K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.433%Rate

Funding earned: −$67.89
Price spread: +0.433% → +0.090%: $34.3
Slippage, 4 orders: −$30.88
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$84.46
Costs to cover: 0.509%
Break-even: never at this rate

Slippage from BingX: live order book, 14 min ago; ApeX Omni: live order book, 14 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 BingX live order book, 14 min ago	1.12 bp	11.2 bp −$11	15.9 bp −$159	47.5 bp −$4,745	164.6 bp −$82.3K
Sell ApeX Omni live order book, 14 min ago	7.83 bp	18.2 bp −$18	102.4 bp −$1,024	doesn't fit	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
ApeX Omni PUMPUSDTshort	−0.0223%	1h	0.004404	+0.433%	$139K	$759K	50x
dYdX PUMP-USD	0.0000%	1h	0.004396	+0.258%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004385	0.000%	$20K	$200K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004385	0.000%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004384	−0.027%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0059%	4h	0.004385	0.000%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004397	+0.274%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.938%	$26K	$770K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004383	−0.042%	$702K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004394	+0.205%	$474K	$654K	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	0.004385	0.000%	$78.7M	$164.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004383	−0.046%	$23.4M	$95.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004393	+0.173%	$26K	$166K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004380	−0.114%	$39K	$60K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004384	−0.023%	$4.8M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004388	+0.068%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004389	+0.091%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDTlong	+0.0100%	4h	0.004385	long leg	—	$12.9M	—
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004393	+0.189%	$782K	$178K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004405	+0.462%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004395	+0.220%	$1.2M	$10.4M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004389	+0.091%	$101K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004386	+0.031%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004385	0.000%	$2K	$732K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004388	+0.068%	$275	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004389	+0.091%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004393	+0.182%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004387	+0.046%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004386	+0.034%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004387	+0.046%	$70K	$9K	3x	as long as short
Nado PUMP-PERP	+0.0206%	1h	0.004385	+0.011%	$1.6M	$2.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004382	−0.068%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004402	+0.379%	$39K	$103K	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004381	−0.091%	$478K	$996K	10x	as long as short
Hyperliquid PUMP	+0.0324%	1h	0.004388	+0.068%	$161.6M	$53.7M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004392	+0.160%	$3.6M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004381	−0.084%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0357% / S −0.0297%	1h	0.004385	0.000%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004392	+0.160%	$685K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004401	+0.365%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0719%	1h	0.004416	+0.711%	$386	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1267%	1h	0.004392	+0.169%	$1.3M	$3.1M	50x	as long as short