Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.082%

Price spread now: RISEx against BingX−0.088%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$240.236% of the position

Long on BingX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.189%+$19 on $10k

Price spread, last 7 days+0.136%+$14 · spread now −0.088%, 7d avg +0.046%

Together, before fees+0.325%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.134% cheaper against BingX than usual: you would sell low and buy high (spread −0.088% now, against its 7-day average of +0.046%). If the spread goes back, that is −$13 on $10k: about 18 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.189% in total) that is about 2.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PUMP-USDT	0.004299	0.0100	pay 0.0050% / 4h	2h 43m	—	$12.8M	—
Short	RISEx PUMP/USDC	0.004295	0.0125	get 0.0016% / 1h	43m 57s	$489K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.088%Rate

Funding earned: $5.16
Price spread: −0.088% → +0.046%: −$13.43
Slippage, 4 orders: −$7.58
Fee BingX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$31.84
Costs to cover: 0.236%
Break-even: 50.2 days

Slippage from BingX: live order book, 9 min ago; RISEx: live order book, 5 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, 9 min ago	1.16 bp	6.2 bp −$6	9.0 bp −$90	44.3 bp −$4,426	187.0 bp −$93.5K
Sell RISEx live order book, 5 min ago	2.33 bp	5.3 bp −$5	11.5 bp −$115	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
dYdX PUMP-USD	−0.2741%	1h	0.004299	−0.001%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0558%	1h	0.004299	+0.002%	$769K	$184K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0072%	4h	0.004299	0.000%	$22.5M	$94.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0015%	4h	0.004298	−0.023%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004293	−0.140%	$19K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004300	+0.023%	$68K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004299	−0.008%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0090%	4h	0.004299	0.000%	$4.6M	$11.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004300	+0.023%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−2.303%	$28K	$774K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004294	−0.118%	$41K	—	5x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004303	+0.093%	$157.3M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004298	−0.013%	$781K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004295	−0.093%	$446K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004299	+0.009%	$76.3M	$164.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004293	−0.130%	$25K	$182K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004294	−0.116%	$41K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004303	+0.093%	$22.7M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004299	0.000%	$16.9M	$19.2M	75x	as long as short
BingX PUMP-USDTlong	+0.0100%	4h	0.004299	long leg	—	$12.8M	—
edgeX PUMPUSDC	+0.0100%	4h	0.004296	−0.072%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004297	−0.051%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004297	−0.047%	$136K	$767K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004293	−0.128%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004299	0.000%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004299	+0.002%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004298	−0.023%	$1K	$708K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004297	−0.047%	$709	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004292	−0.163%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004301	+0.047%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004299	−0.001%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004298	−0.023%	$71K	$18K	3x	as long as short
RISEx PUMP/USDCshort	+0.0125%	1h	0.004295	−0.088%	$489K	$1.0M	10x
Phoenix PUMP	+0.0129%	1h	0.004300	+0.035%	$38K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0136%	1h	0.004295	−0.093%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004300	+0.023%	$652K	$5.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0303%	1h	0.004303	+0.082%	$179	$107K	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004298	−0.023%	$66K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004293	−0.140%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004297	−0.039%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.582%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0690%	1h	0.004305	+0.130%	$1.3M	$3.5M	50x	as long as short