Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0287%/8h= +31.5% APRpaid last 24h +0.016%

Price spread now: Coinbase International against OKX+0.278%7-day average +0.051% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$380.377% of the position

Long on OKX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.019%+$2 on $10k

Price spread, last 3 days (all we have)−0.142%−$14 · spread now +0.278%, 7d avg +0.051%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Coinbase International is 0.227% dearer against OKX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.051%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.019% in total (about 1.0% 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	OKX PUMP-USDT-SWAP	0.004311	−0.0047	get 0.0024% / 4h	2h 54m	$22.6M	$94.8M	50x
Short	Coinbase International PUMP-PERP-INTX	0.004323	0.0240	get 0.0030% / 1h	54m 46s	$658K	$5.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against OKX. 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 OKXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.278%Rate

Funding earned: $60.34
Price spread: +0.278% → +0.051%: $22.7
Slippage, 4 orders: −$17.67
Fee OKX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $45.37
Costs to cover: 0.377%
Break-even: 1.7 days

Slippage from OKX: live order book, 4 min ago; Coinbase International: live order book, 4 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 OKX live order book, 4 min ago	1.16 bp	7.5 bp −$7	18.1 bp −$181	225.1 bp −$22.5K	doesn't fit
Sell Coinbase International live order book, 4 min ago	4.62 bp	9.6 bp −$10	15.7 bp −$157	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	−0.5377%	1h	0.004320	+0.208%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0133%	1h	0.004326	+0.336%	$772K	$184K	5x	as long as short
OKX PUMP-USDT-SWAPlong	−0.0047%	4h	0.004311	long leg	$22.6M	$94.8M	50x
Orderly PERP_PUMP_USDC	−0.0013%	4h	0.004326	+0.348%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004321	+0.232%	$20K	$201K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004326	+0.337%	$55K	—	150x	as long as short
01 Exchange PUMPUSD	+0.0048%	1h	0.004317	+0.139%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004326	+0.348%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.255%	$29K	$776K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004316	+0.110%	$41K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004320	+0.220%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004316	+0.116%	$158.0M	$52.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004322	+0.260%	$785K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004316	+0.116%	$449K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004315	+0.097%	$76.6M	$165.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004312	+0.028%	$20K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004320	+0.209%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004313	+0.046%	$4.6M	$11.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004317	+0.139%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004314	+0.070%	$17.1M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004314	+0.070%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004316	+0.115%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004317	+0.148%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004318	+0.162%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004326	+0.348%	$110K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004328	+0.388%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004325	+0.325%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004326	+0.348%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004316	+0.116%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004326	+0.348%	$2.0M	$4.1M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004312	+0.024%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004326	+0.348%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004322	+0.248%	$492K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0167%	1h	0.004322	+0.267%	$39K	$99K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0212%	1h	0.004331	+0.464%	$70K	$125K	25x	as long as short
Coinbase International PUMP-PERP-INTXshort	+0.0240%	1h	0.004323	+0.278%	$658K	$5.4M	50x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0221%	1h	0.004325	+0.325%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004321	+0.232%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0341%	1h	0.004319	+0.196%	$200	$105K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004324	+0.292%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004327	+0.371%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0686%	1h	0.004331	+0.455%	$1.3M	$3.5M	50x	as long as short