Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.037%

Price spread now: Phoenix against Paradex+0.508%46s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.508% dearer against Paradex than usual: you sell high and buy low: +$51 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex PUMP-USD-PERP	0.004301	0.0100	pay 0.0100% / 8h	2h 51m	$41K	—	5x
Short	Phoenix PUMP	0.004322	0.0129	get 0.0016% / 1h	51m 45s	$39K	$99K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Paradex. 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 ParadexbpFee PhoenixbpOrdersPrice spread, now +0.508%Rate

Funding earned: $6.18
Price spread: +0.508% → 0.000%: $50.81
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $45.99
Costs to cover: 0.110%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Phoenix: live order book, 29 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Phoenix live order book, 29 min ago	2.09 bp	16.2 bp −$16	50.4 bp −$504	doesn't fit	doesn't fit

Paradex: 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	−0.4742%	1h	0.004305	+0.101%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0396%	1h	0.004295	−0.141%	$768K	$185K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	−0.0215%	1h	0.004298	−0.062%	$68K	$126K	25x	as long as short
OKX PUMP-USDT-SWAP	−0.0075%	4h	0.004295	−0.131%	$22.5M	$94.4M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0015%	4h	0.004297	−0.085%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004300	−0.015%	$19K	$203K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004298	−0.057%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0062%	4h	0.004295	−0.131%	$4.6M	$11.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004296	−0.108%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−2.340%	$28K	$775K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERPlong	+0.0100%	8h	0.004301	long leg	$41K	—	5x
Hyperliquid PUMP	+0.0100%	1h	0.004302	+0.031%	$157.4M	$52.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004299	−0.028%	$781K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004303	+0.055%	$447K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004297	−0.085%	$76.3M	$164.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004312	+0.259%	$20K	$177K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004300	−0.015%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004298	−0.062%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004297	−0.085%	$16.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004296	−0.108%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004320	+0.460%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004321	+0.473%	$1.2M	$9.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004318	+0.403%	$136K	$767K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004296	−0.096%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004298	−0.062%	$106K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004299	−0.039%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004300	−0.015%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004296	−0.108%	$709	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004295	−0.131%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004297	−0.085%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004297	−0.083%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004297	−0.085%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004300	−0.015%	$490K	$1.0M	10x	as long as short
Phoenix PUMPshort	+0.0129%	1h	0.004322	+0.508%	$39K	$99K	10x
01 Exchange PUMPUSD	+0.0152%	1h	0.004302	+0.031%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004301	+0.008%	$653K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004298	−0.062%	$66K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0329%	1h	0.004315	+0.329%	$271	$106K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004309	+0.194%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004294	−0.164%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.543%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0691%	1h	0.004300	−0.009%	$1.3M	$3.5M	50x	as long as short