Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0252%/8h= +27.6% APRpaid last 24h +0.015%

Price spread now: Coinbase International against HTX+0.090%7-day average +0.060% · you sell dearer than you buy

Net, funding: paid 7d − costs−$159as in the Funding arb table

Net, price: spread back to 7d avg − costs−$153as in the Price arb table

costs, in and out, $10k−$1561.556% of the position

Long on HTX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 3 days (all we have)−0.034%−$3 · spread now +0.090%, 7d avg +0.060%

Together, before fees−0.064%−$6 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$8 a day on $10k at the current rate, and Coinbase International is 0.030% dearer against HTX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.060%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PUMP-USDT	0.004439	0.0100	pay 0.0050% / 4h	3h 21m	$21K	$135K	20x
Short	Coinbase International PUMP-PERP-INTX	0.004443	0.0352	get 0.0044% / 1h	21m 15s	$689K	$5.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against HTX. 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 HTXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.090%Rate

Funding earned: $52.92
Price spread: +0.090% → +0.060%: $3
Slippage, 4 orders: −$133.61
Fee HTX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$99.68
Costs to cover: 1.556%
Break-even: 20.2 days

Slippage from HTX: live order book, 50 min ago; Coinbase International: live order book, 3 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 HTX live order book, 50 min ago	13.75 bp	84.3 bp −$84	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	4.51 bp	16.8 bp −$17	24.7 bp −$247	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	−0.0037%	1h	0.004447	+0.186%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004438	−0.023%	$19K	$204K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004439	0.000%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004437	−0.044%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0052%	4h	0.004437	−0.045%	$42K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0087%	4h	0.004438	−0.023%	$23.4M	$98.3M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004440	+0.023%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.879%	$29K	$777K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004439	+0.011%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004439	+0.004%	$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	+0.090%	$469K	$626K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004440	+0.023%	$79.8M	$164.1M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004437	−0.045%	$26K	$168K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004440	+0.023%	$43K	$52K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004439	0.000%	$4.8M	$10.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004442	+0.068%	$23.5M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004438	−0.023%	$17.8M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004439	0.000%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004438	−0.016%	$790K	$174K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004433	−0.145%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004441	+0.045%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004436	−0.068%	$140K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004441	+0.045%	$104K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004437	−0.044%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004439	0.000%	$2K	$726K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004439	0.000%	$279	$7K	10x	as long as short
HTX PUMP-USDTlong	+0.0100%	4h	0.004439	long leg	$21K	$135K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004441	+0.045%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004443	+0.089%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004437	−0.034%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004434	−0.113%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004438	−0.023%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004450	+0.239%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004440	+0.017%	$484K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004441	+0.045%	$3.5M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004437	−0.049%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0350% / S −0.0289%	1h	0.004436	−0.068%	$74K	—	100x	as long as short
Coinbase International PUMP-PERP-INTXshort	+0.0352%	1h	0.004443	+0.090%	$689K	$5.6M	50x
Hyperliquid PUMP	+0.0474%	1h	0.004447	+0.180%	$163.5M	$53.5M	10x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004444	+0.113%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0636%	1h	0.004440	+0.025%	$388	$108K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0926%	1h	0.004445	+0.137%	$1.3M	$3.5M	50x	as long as short