Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0137%/8h= +15.0% APRpaid last 24h +0.052%

Price spread now: Phoenix against GRVT+0.194%7-day average — · you sell dearer than you buy

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

Long on GRVT Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.348%+$35 on $10k

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

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Phoenix is 0.194% dearer against GRVT than usual: you sell high and buy low: +$19 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	GRVT PUMP_USDT_Perp	0.004441	0.0100	pay 0.0050% / 4h	3h 20m	$1.2M	$10.4M	10x
Short	Phoenix PUMP	0.004450	0.0237	get 0.0030% / 1h	20m 53s	$40K	$99K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against GRVT. 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 GRVTbpFee PhoenixbpOrdersPrice spread, now +0.194%Rate

Funding earned: $28.86
Price spread: +0.194% → 0.000%: $19.37
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $32.23
Costs to cover: 0.160%
Break-even: from the start

Slippage unknown: GRVT: live order book, 3 min ago; Phoenix: no order-book sample. 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 GRVT live order book, 3 min ago	1.13 bp	6.7 bp −$7	29.9 bp −$299	167.7 bp −$16.8K	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: 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	−0.0037%	1h	0.004447	+0.141%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004438	−0.068%	$19K	$204K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004439	−0.045%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004437	−0.089%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0052%	4h	0.004437	−0.090%	$42K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0087%	4h	0.004442	+0.023%	$23.3M	$98.4M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004440	−0.022%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.923%	$29K	$777K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004439	−0.034%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004440	−0.023%	$721K	$2.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004443	+0.045%	$469K	$626K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004443	+0.045%	$79.8M	$164.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004437	−0.090%	$26K	$168K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004440	−0.022%	$43K	$52K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004442	+0.023%	$4.8M	$10.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004438	−0.068%	$23.5M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004442	+0.023%	$17.8M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004443	+0.045%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004438	−0.061%	$790K	$174K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004433	−0.190%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perplong	+0.0100%	4h	0.004441	long leg	$1.2M	$10.4M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004436	−0.113%	$140K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004441	0.000%	$104K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004437	−0.089%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004439	−0.045%	$2K	$726K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004439	−0.045%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004439	−0.045%	$21K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004441	0.000%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004443	+0.044%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004437	−0.079%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004434	−0.158%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004438	−0.068%	$6K	$830	10x	as long as short
Phoenix PUMPshort	+0.0237%	1h	0.004450	+0.194%	$40K	$99K	10x
RISEx PUMP/USDC	+0.0297%	1h	0.004440	−0.028%	$484K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004441	0.000%	$3.5M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004437	−0.094%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0350% / S −0.0289%	1h	0.004436	−0.113%	$74K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004443	+0.045%	$689K	$5.6M	50x	as long as short
Hyperliquid PUMP	+0.0473%	1h	0.004449	+0.180%	$163.5M	$53.5M	10x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004444	+0.068%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0636%	1h	0.004440	−0.020%	$388	$108K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0926%	1h	0.004445	+0.091%	$1.3M	$3.5M	50x	as long as short