Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0097%/8h= +10.6% APRpaid last 24h +0.029%

Price spread now: Phemex against gTrade (Gains Network)+0.106%7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on Phemex

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 +$3 a day on $10k at the current rate, and Phemex is 0.106% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$11 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	gTrade (Gains Network) PUMP/USD	0.004567	L +0.0003% / S −0.0002%	pay 0.0000% / 1h	0m 31s	$55K	—	150x
Short	Phemex PUMPUSDT	0.004572	0.0100	get 0.0050% / 4h	0m 31s	$2.0M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PhemexbpOrdersPrice spread, now +0.106%Rate

Funding earned: $20.4
Price spread: +0.106% → 0.000%: $10.58
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: $8.97
Costs to cover: 0.220%
Break-even: 3.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Phemex: live order book, 3 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Phemex live order book, 3 min ago	5.48 bp	37.9 bp −$38	doesn't fit	doesn't fit	doesn't fit

gTrade (Gains Network): 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	0.0000%	1h	0.004570	+0.070%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004568	+0.018%	$18K	$272K	20x	as long as short
gTrade (Gains Network) PUMP/USDlong	L +0.0003% / S −0.0002%	1h	0.004567	long leg	$55K	—	150x
Gate PUMP_USDT	+0.0018%	4h	0.004569	+0.040%	$4.9M	$10.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004574	+0.150%	$3.0M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.471%	$30K	$662K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004568	+0.022%	$863K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004572	+0.106%	$524K	$875K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004570	+0.062%	$83.6M	$176.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004568	+0.018%	$25.0M	$104.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004575	+0.180%	$27K	$164K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004571	+0.084%	$45K	$135K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004574	+0.150%	$24.8M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004567	−0.004%	$17.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004571	+0.084%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004573	+0.130%	$820K	$208K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004561	−0.130%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004563	−0.095%	$1.3M	$11.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004561	−0.135%	$162K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004568	+0.018%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004566	−0.026%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004569	+0.032%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004568	+0.018%	$2K	$786K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004568	+0.018%	$253	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004565	−0.048%	$22K	$79K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004572	+0.106%	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004573	+0.119%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004572	+0.115%	$3.8M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004563	−0.091%	$68K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0205%	1h	0.004577	+0.215%	$171.2M	$51.1M	10x	as long as short
Nado PUMP-PERP	+0.0221%	1h	0.004569	+0.051%	$1.7M	$2.1M	10x	as long as short
Injective PUMP/USDC PERP	+0.0279%	1h	0.004567	−0.004%	$38K	$204K	12x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004574	+0.150%	$6K	$600	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0274%	1h	0.004567	−0.004%	$65K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004571	+0.084%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004569	+0.037%	$2	—	3x	as long as short
Phoenix PUMP	+0.0410%	1h	0.004567	−0.008%	$44K	$139K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0440%	1h	0.004572	+0.102%	$1.1M	$3.5M	50x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0536%	1h	0.004578	+0.237%	$739K	$6.1M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0626%	1h	0.004569	+0.040%	$70K	$116K	25x	as long as short
RISEx PUMP/USDC	+0.0784%	1h	0.004570	+0.073%	$532K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0973%	1h	0.004573	+0.124%	$706	$112K	10x	as long as short