Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.016%

Price spread now: Phemex against OKX+0.492%7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$870.867% of the position

Long on OKX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.050%+$5 on $10k

Price spread, last 4 days (all we have)−0.492%−$49 · spread now +0.492%, 7d avg +0.030%

Together, before fees−0.442%−$44 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.462% dearer against OKX than usual: you sell high and buy low, +$46 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PUMP-USDT-SWAP	0.004472	0.0100	pay 0.0050% / 4h	1h 41m	$24.4M	$98.8M	50x
Short	Phemex PUMPUSDT	0.004494	0.0100	get 0.0050% / 4h	1h 41m	$2.0M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.492%Rate

Funding earned: $0
Price spread: +0.492% → +0.030%: $46.2
Slippage, 4 orders: −$64.67
Fee OKX: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$40.47
Costs to cover: 0.867%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Phemex: live order book, 2 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, 2 min ago	1.11 bp	7.8 bp −$8	24.0 bp −$240	155.6 bp −$15.6K	doesn't fit
Sell Phemex live order book, 2 min ago	8.91 bp	35.0 bp −$35	doesn't fit	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	0.0000%	1h	0.004492	+0.451%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004494	+0.492%	$19K	$223K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004496	+0.537%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004497	+0.559%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0093%	4h	0.004496	+0.537%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004497	+0.559%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.610%	$27K	$780K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004495	+0.525%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004484	+0.278%	$706K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004491	+0.425%	$521K	$725K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004472	0.000%	$81.7M	$169.4M	75x	as long as short
OKX PUMP-USDT-SWAPlong	+0.0100%	4h	0.004472	long leg	$24.4M	$98.8M	50x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004488	+0.353%	$26K	$186K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004497	+0.559%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004470	−0.045%	$5.0M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004476	+0.089%	$23.8M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004474	+0.045%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004473	+0.022%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004483	+0.246%	$797K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004497	+0.552%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004502	+0.681%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	+0.716%	$150K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004501	+0.648%	$106K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004497	+0.563%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004495	+0.514%	$2K	$749K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004497	+0.559%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004483	+0.246%	$21K	$116K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004494	+0.492%	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004497	+0.558%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004492	+0.447%	$72K	$8K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0231% / S −0.0083%	1h	0.004497	+0.559%	$61K	—	100x	as long as short
Extended PUMP-USD	+0.0288%	1h	0.004472	+0.008%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004500	+0.626%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004500	+0.626%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004492	+0.447%	$3.7M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004497	+0.553%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004500	+0.626%	$701K	$6.0M	50x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004500	+0.615%	$535K	$984K	10x	as long as short
Hyperliquid PUMP	+0.0613%	1h	0.004488	+0.358%	$167.9M	$56.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0866%	1h	0.004501	+0.652%	$594	$114K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004503	+0.693%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1328%	1h	0.004504	+0.707%	$1.4M	$3.0M	50x	as long as short