Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0428%/8h= −46.9% APRpaid last 24h −0.042%

Price spread now: BingX against Coinbase International−0.110%7-day average −0.045% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$48as in the Price arb table

costs, in and out, $10k−$410.414% of the position

Long on Coinbase International Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.134%+$13 · spread now −0.110%, 7d avg −0.045%

Together, before fees+0.142%+$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and BingX is 0.065% cheaper against Coinbase International than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.045%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.008% in total (about 0.4% 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	Coinbase International PUMP-PERP-INTX	0.004540	0.0528	pay 0.0066% / 1h	7m 55s	$732K	$5.9M	50x
Short	BingX PUMP-USDT	0.004535	0.0100	get 0.0050% / 4h	1h 07m	—	$14.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Coinbase International. 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 Coinbase InternationalbpFee BingXbpOrdersPrice spread, now −0.110%Rate

Funding earned: −$89.88
Price spread: −0.110% → −0.045%: −$6.51
Slippage, 4 orders: −$21.44
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$137.83
Costs to cover: 0.414%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; BingX: live order book, 16 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 Coinbase International live order book, 1 min ago	5.51 bp	12.4 bp −$12	19.0 bp −$190	doesn't fit	doesn't fit
Sell BingX live order book, 16 min ago	1.10 bp	10.1 bp −$10	15.6 bp −$156	44.0 bp −$4,400	159.1 bp −$79.5K

PUMP on 41 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	−0.0006%	1h	0.004529	−0.238%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004532	−0.176%	$18K	$266K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004529	−0.247%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0094%	4h	0.004533	−0.154%	$5.0M	$10.5M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004538	−0.044%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.881%	$30K	$642K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004535	−0.116%	$830K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004529	−0.242%	$534K	$859K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004536	−0.088%	$83.1M	$172.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004531	−0.198%	$24.9M	$98.7M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004535	−0.117%	$27K	$157K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004531	−0.198%	$65K	$100K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004534	−0.132%	$24.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004533	−0.154%	$17.8M	$19.2M	75x	as long as short
BingX PUMP-USDTshort	+0.0100%	4h	0.004535	−0.110%	—	$14.2M	—
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004536	−0.090%	$812K	$199K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004518	−0.485%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004533	−0.162%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004537	−0.066%	$153K	$745K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004533	−0.154%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004535	−0.110%	$43K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004531	−0.198%	$2K	$769K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004535	−0.110%	$285	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004525	−0.330%	$22K	$83K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004534	−0.132%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004531	−0.198%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004532	−0.171%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004533	−0.154%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0191%	1h	0.004536	−0.088%	$69K	$116K	25x	as long as short
Nado PUMP-PERP	+0.0211%	1h	0.004530	−0.209%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0303% / S −0.0274%	1h	0.004528	−0.264%	$65K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004532	−0.176%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004531	−0.198%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004532	−0.182%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004538	−0.033%	$48K	$139K	10x	as long as short
Hyperliquid PUMP	+0.0509%	1h	0.004543	+0.066%	$169.7M	$50.9M	10x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0528%	1h	0.004540	long leg	$732K	$5.9M	50x
Kraken Futures PF_PUMPUSD	+0.0544%	1h	0.004538	−0.041%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004537	−0.066%	$38K	$205K	12x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004533	−0.157%	$540K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1023%	1h	0.004531	−0.194%	$501	$112K	10x	as long as short