Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.005%

Price spread now: Phemex against Coinbase International−0.093%7-day average −0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$88as in the Funding arb table

Net, price: spread back to 7d avg − costs−$98as in the Price arb table

costs, in and out, $10k−$910.911% of the position

Long on Coinbase International Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.027%+$3 on $10k

Price spread, last 3 days (all we have)−0.043%−$4 · spread now −0.093%, 7d avg −0.023%

Together, before fees−0.016%−$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Phemex is 0.070% 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 −0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PUMP-PERP-INTX	0.004301	0.0240	pay 0.0030% / 1h	51m 29s	$653K	$5.4M	50x
Short	Phemex PUMPUSDT	0.004297	0.0100	get 0.0050% / 4h	2h 51m	$2.0M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.093%Rate

Funding earned: −$29.4
Price spread: −0.093% → −0.023%: −$6.98
Slippage, 4 orders: −$69.12
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$127.5
Costs to cover: 0.911%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Phemex: live order book, 2 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, 2 min ago	4.64 bp	15.4 bp −$15	21.6 bp −$216	doesn't fit	doesn't fit
Sell Phemex live order book, 2 min ago	10.45 bp	35.2 bp −$35	doesn't fit	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	−0.4465%	1h	0.004300	−0.024%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0396%	1h	0.004295	−0.149%	$768K	$185K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	−0.0215%	1h	0.004298	−0.070%	$68K	$126K	25x	as long as short
OKX PUMP-USDT-SWAP	−0.0075%	4h	0.004296	−0.116%	$22.5M	$94.4M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0015%	4h	0.004297	−0.093%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004297	−0.093%	$19K	$203K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004299	−0.052%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0066%	4h	0.004296	−0.116%	$4.6M	$11.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004297	−0.093%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−2.348%	$28K	$775K	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	0.004298	−0.070%	$41K	—	5x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004302	+0.023%	$157.4M	$52.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004299	−0.040%	$781K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004298	−0.070%	$447K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004297	−0.087%	$76.3M	$164.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004312	+0.251%	$20K	$177K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004298	−0.070%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004299	−0.047%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004296	−0.116%	$16.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004297	−0.093%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004310	+0.213%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004321	+0.465%	$1.2M	$9.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004314	+0.302%	$136K	$767K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004296	−0.105%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004300	−0.023%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004299	−0.047%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004300	−0.023%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004296	−0.116%	$709	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004295	−0.140%	$21K	$146K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004297	−0.093%	$2.0M	$4.0M	20x
Extended PUMP-USD	+0.0104%	1h	0.004296	−0.113%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004297	−0.093%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004300	−0.024%	$490K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004311	+0.226%	$39K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004298	−0.070%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0240%	1h	0.004301	long leg	$653K	$5.4M	50x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004299	−0.047%	$66K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0329%	1h	0.004312	+0.254%	$271	$106K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004309	+0.186%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004297	−0.102%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.535%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0691%	1h	0.004300	−0.017%	$1.3M	$3.5M	50x	as long as short