Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0198%/8h= +21.7% APRpaid last 24h +0.087%

Price spread now: RISEx against OKX+0.023%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$290.293% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.204%+$20 on $10k

Price spread, last 7 days+0.009%+$1 · spread now +0.023%, 7d avg +0.047%

Together, before fees+0.213%+$21 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.024% cheaper against OKX than usual: you would sell low and buy high (spread +0.023% now, against its 7-day average of +0.047%). If the spread goes back, that is −$2 on $10k: about 10 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PUMP-USDT-SWAP	0.004352	−0.0051	get 0.0025% / 4h	1h 08m	$22.8M	$95.6M	50x
Short	RISEx PUMP/USDC	0.004353	0.0147	get 0.0018% / 1h	8m 34s	$493K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.023%Rate

Funding earned: $41.56
Price spread: +0.023% → +0.047%: −$2.4
Slippage, 4 orders: −$13.35
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $9.81
Costs to cover: 0.293%
Break-even: 5.3 days

Slippage from OKX: live order book, 5 min ago; RISEx: live order book, 5 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, 5 min ago	1.15 bp	7.2 bp −$7	18.3 bp −$183	207.6 bp −$20.8K	doesn't fit
Sell RISEx live order book, 5 min ago	2.31 bp	5.3 bp −$5	13.9 bp −$139	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	−0.3806%	1h	0.004354	+0.055%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAPlong	−0.0051%	4h	0.004352	long leg	$22.8M	$95.6M	50x
Orderly PERP_PUMP_USDC	−0.0003%	4h	0.004348	−0.092%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004345	−0.161%	$20K	$201K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004349	−0.067%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0090%	1h	0.004354	+0.046%	$776K	$180K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004354	+0.046%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004347	−0.115%	$6K	$497	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.195%	$29K	$764K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004354	+0.046%	$42K	—	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	0.004342	−0.218%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004361	+0.207%	$159.9M	$52.2M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004354	+0.045%	$788K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004356	+0.092%	$451K	$603K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004355	+0.069%	$77.6M	$163.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004339	−0.306%	$25K	$173K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004353	+0.023%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004353	+0.023%	$4.7M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004359	+0.161%	$23.1M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004352	0.000%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004353	+0.023%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004339	−0.307%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004338	−0.311%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004337	−0.345%	$137K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004350	−0.046%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004350	−0.054%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004348	−0.092%	$2K	$713K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004349	−0.069%	$717	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004342	−0.230%	$21K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004348	−0.092%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004352	−0.009%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004349	−0.069%	$72K	$18K	3x	as long as short
RISEx PUMP/USDCshort	+0.0147%	1h	0.004353	+0.023%	$493K	$1.0M	10x
Phoenix PUMP	+0.0185%	1h	0.004345	−0.156%	$39K	$99K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0210%	1h	0.004352	0.000%	$69K	$126K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004345	−0.161%	$674K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0314% / S −0.0231%	1h	0.004348	−0.092%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004349	−0.069%	$3.5M	$3.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004345	−0.163%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0416%	1h	0.004343	−0.204%	$181	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004345	−0.161%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0803%	1h	0.004355	+0.067%	$1.3M	$3.5M	50x	as long as short