Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0129%/8h= +14.2% APRpaid last 24h +0.147%

Price spread now: GMX against Bitget+0.023%7-day average — · you sell dearer than you buy

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

Long on Bitget 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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.023% dearer against Bitget than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PUMPUSDT	0.004383	0.0100	pay 0.0050% / 4h	1h 01m	$17.4M	$19.1M	75x
Short	GMX PUMP/USD [WBTC.b-USDC]	0.004384	L +0.0314% / S −0.0229%	get 0.0029% / 1h	1m 24s	$68K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now +0.023%Rate

Funding earned: $27.19
Price spread: +0.023% → 0.000%: $2.28
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $5.47
Costs to cover: 0.240%
Break-even: 5.6 days

Slippage unknown: Bitget: live order book, 2 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 Bitget live order book, 2 min ago	2.29 bp	13.4 bp −$13	21.3 bp −$213	doesn't fit	doesn't fit
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	−0.3347%	1h	0.004385	+0.051%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0029%	4h	0.004383	0.000%	$23.0M	$96.6M	50x	as long as short
Orderly PERP_PUMP_USDC	0.0000%	4h	0.004384	+0.023%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004382	−0.023%	$20K	$202K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004384	+0.029%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004382	−0.023%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.894%	$29K	$764K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004386	+0.070%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004382	−0.011%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004392	+0.205%	$161.4M	$52.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004383	+0.001%	$780K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004384	+0.023%	$454K	$603K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004384	+0.022%	$78.1M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004357	−0.584%	$26K	$174K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004384	+0.023%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004383	0.000%	$4.7M	$11.8M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004387	+0.091%	$23.2M	$13.8M	50x	as long as short
Bitget PUMPUSDTlong	+0.0100%	4h	0.004383	long leg	$17.4M	$19.1M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004384	+0.023%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004374	−0.196%	$779K	$183K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004373	−0.218%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004362	−0.489%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004375	−0.183%	$138K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004388	+0.114%	$86K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004383	−0.004%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004375	−0.183%	$2K	$715K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004372	−0.251%	$721	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004368	−0.342%	$22K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004376	−0.160%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004382	−0.031%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004383	0.000%	$72K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0120%	1h	0.004387	+0.091%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004385	+0.056%	$489K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004380	−0.062%	$39K	$99K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0207%	1h	0.004375	−0.183%	$69K	$126K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004378	−0.114%	$679K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]short	L +0.0314% / S −0.0229%	1h	0.004384	+0.023%	$68K	—	100x
BloFin PUMP-USDT	+0.0340%	4h	0.004372	−0.251%	$3.5M	$3.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004384	+0.021%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0423%	1h	0.004367	−0.371%	$182	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004387	+0.091%	$39K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0799%	1h	0.004377	−0.137%	$1.3M	$3.5M	50x	as long as short