Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against BingX−0.233%46s7-day average −0.013% · you buy dearer than you sell

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

Long on BingX Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.019%−$2 on $10k

Price spread, last 4 days (all we have)+0.130%+$13 · spread now −0.233%, 7d avg −0.013%

Together, before fees+0.111%+ Points / potential airdropOndo Perps: Active · farm board+$11 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Ondo Perps is 0.221% cheaper against BingX than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of −0.013%. The two prices were read 46 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	BingX PUMP-USDT	0.004369	0.0100	pay 0.0050% / 4h	10m 54s	—	$12.9M	—
Short	Ondo Perps PUMP-USD.P	0.004359	0.0100	get 0.0013% / 1h	10m 54s	$26K	$165K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against BingX. 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 BingXbpFee Ondo PerpsbpOrdersPrice spread, now −0.233%Rate

Funding earned: $0
Price spread: −0.233% → −0.013%: −$22.06
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$37.06
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 2 min ago; Ondo Perps: 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 BingX live order book, 2 min ago	2.29 bp	9.0 bp −$9	12.4 bp −$124	42.8 bp −$4,279	175.2 bp −$87.6K
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	−0.0052%	1h	0.004364	−0.114%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004363	−0.137%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004366	−0.069%	$69K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004365	−0.086%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0009%	4h	0.004369	0.000%	$22.8M	$97.1M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0021%	4h	0.004364	−0.114%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004364	−0.114%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.579%	$31K	$772K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004364	−0.107%	$42K	—	5x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004370	+0.026%	$729K	$2.3M	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	0.004366	−0.069%	$456K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004368	−0.023%	$78.0M	$164.6M	75x	as long as short
Ondo Perps PUMP-USD.Pshort	+0.0100%	1h	0.004359	−0.233%	$26K	$165K	5x
Arcus PUMP-USD	+0.0100%	1h	0.004365	−0.092%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004369	0.000%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004369	0.000%	$23.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004369	0.000%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDTlong	+0.0100%	4h	0.004369	long leg	—	$12.9M	—
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004364	−0.108%	$778K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004372	+0.069%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004369	0.000%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004374	+0.114%	$138K	$763K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004365	−0.080%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004368	−0.023%	$95K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004365	−0.090%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004365	−0.092%	$2K	$721K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004364	−0.114%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004362	−0.160%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004367	−0.046%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004369	−0.008%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004363	−0.137%	$72K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0144%	1h	0.004374	+0.114%	$160.8M	$53.3M	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004388	+0.437%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004382	+0.298%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004366	−0.057%	$488K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004365	−0.092%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004370	+0.023%	$693K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0329% / S −0.0258%	1h	0.004364	−0.114%	$70K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004367	−0.046%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004364	−0.117%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0479%	1h	0.004369	+0.007%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0865%	1h	0.004370	+0.014%	$1.3M	$3.5M	50x	as long as short