Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.084%

Price spread now: Aster against GMX−0.026%121s7-day average — · you buy dearer than you sell

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

Long on GMX Short on Aster

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Aster is 0.026% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 121 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PUMP/USD [WBTC.b-USDC]	0.004546	L +0.0304% / S −0.0274%	pay 0.0038% / 1h	40m 25s	$65K	—	100x
Short	Aster PUMPUSDT	0.004545	0.0100	get 0.0050% / 4h	3h 40m	$858K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against GMX. 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 GMXbpFee AsterbpOrdersPrice spread, now −0.026%Rate

Funding earned: −$42.79
Price spread: −0.026% → 0.000%: −$2.6
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$65.39
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Aster: 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 GMX no order-book sample	—	—	—	—	—
Sell Aster live order book, 3 min ago	4.40 bp	13.4 bp −$13	22.0 bp −$220	doesn't fit	doesn't fit

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	0.0000%	1h	0.004546	+0.005%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004544	−0.044%	$18K	$267K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004543	−0.071%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0062%	4h	0.004541	−0.110%	$4.9M	$9.9M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004549	+0.066%	$2.9M	$4.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.012%	$29K	$666K	20x	as long as short
Aster PUMPUSDTshort	+0.0100%	4h	0.004545	−0.026%	$858K	$2.4M	50x
Pacifica PUMP	+0.0100%	1h	0.004548	+0.044%	$523K	$884K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004545	−0.032%	$83.1M	$176.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004542	−0.088%	$25.0M	$103.5M	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	0.004544	−0.044%	$27K	$163K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004549	+0.066%	$50K	$140K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004545	−0.022%	$24.7M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004542	−0.088%	$17.8M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004543	−0.066%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004547	+0.026%	$815K	$214K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004551	+0.120%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004550	+0.084%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004553	+0.154%	$162K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004544	−0.044%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004543	−0.066%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004545	−0.011%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004547	+0.022%	$2K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004547	+0.022%	$259	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004545	−0.022%	$23K	$124K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004546	0.000%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004548	+0.033%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004546	+0.007%	$3.8M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004540	−0.132%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0190%	1h	0.004545	−0.022%	$70K	$116K	25x	as long as short
Hyperliquid PUMP	+0.0222%	1h	0.004548	+0.044%	$169.9M	$51.3M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]long	L +0.0304% / S −0.0274%	1h	0.004546	long leg	$65K	—	100x
Phoenix PUMP	+0.0332%	1h	0.004553	+0.150%	$44K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004547	+0.022%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004543	−0.071%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	+0.792%	$38K	$204K	12x	as long as short
01 Exchange PUMPUSD	+0.0360%	1h	0.004547	+0.022%	$6K	$600	10x	as long as short
Nado PUMP-PERP	+0.0422%	1h	0.004546	+0.011%	$1.7M	$2.2M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004554	+0.176%	$739K	$6.2M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004553	+0.143%	$530K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0814%	1h	0.004549	+0.058%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1003%	1h	0.004550	+0.087%	$503	$110K	10x	as long as short