Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1758%/8h= +192.5% APRpaid last 24h +0.273%

Price spread now: Phemex against dYdX−0.073%7-day average — · you buy dearer than you sell

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

Long on dYdX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 5 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

Funding pays, the price is against you. Phemex is 0.073% cheaper against dYdX than usual: you would sell low and buy high (spread −0.073% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 3 hours of funding at the current rate (+$53 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PUMP-USD	0.004482	−0.1658	get 0.0207% / 1h	28m 58s	$21K	$9K	5x
Short	Phemex PUMPUSDT	0.004479	0.0100	get 0.0050% / 4h	2h 28m	$2.0M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against dYdX. 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 dYdXbpFee PhemexbpOrdersPrice spread, now −0.073%Rate

Funding earned: $369.1
Price spread: −0.073% → 0.000%: −$7.32
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: $339.77
Costs to cover: 0.220%
Break-even: 0.6 days

Slippage unknown: dYdX: no order-book sample; Phemex: live order book, 5 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Phemex live order book, 5 min ago	8.95 bp	40.3 bp −$40	doesn't fit	doesn't fit	doesn't fit

dYdX: 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 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-USDlong	−0.1658%	1h	0.004482	long leg	$21K	$9K	5x
Perpl PUMP	0.0000%	43m	0.004481	−0.029%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004481	−0.029%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004479	−0.063%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0069%	4h	0.004480	−0.051%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004484	+0.038%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.836%	$29K	$766K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004477	−0.107%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004487	+0.102%	$727K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004482	−0.006%	$492K	$662K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004486	+0.090%	$80.9M	$165.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004484	+0.038%	$24.2M	$98.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004480	−0.042%	$21K	$170K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004481	−0.029%	$40K	$63K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004485	+0.061%	$4.8M	$10.9M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004490	+0.172%	$23.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004487	+0.105%	$17.7M	$19.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004485	+0.061%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004486	+0.081%	$799K	$185K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004488	+0.123%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004466	−0.363%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004485	+0.061%	$139K	$754K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004485	+0.061%	$104K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004480	−0.041%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004482	−0.006%	$2K	$737K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004481	−0.029%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004473	−0.207%	$21K	$118K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004479	−0.073%	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004483	+0.013%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004486	+0.090%	$3.8M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004477	−0.118%	$71K	$8K	3x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004489	+0.141%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0248%	1h	0.004484	+0.038%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004483	+0.016%	$529K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004477	−0.122%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0359% / S −0.0290%	1h	0.004477	−0.118%	$72K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004486	+0.083%	$715K	$5.8M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004492	+0.217%	$39K	$203K	12x	as long as short
Hyperliquid PUMP	+0.0608%	1h	0.004495	+0.284%	$167.7M	$54.6M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0747%	1h	0.004469	−0.291%	$591	$111K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1240%	1h	0.004488	+0.138%	$1.3M	$3.1M	50x	as long as short