Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0608%/8h= +66.6% APRpaid last 24h +0.131%

Price spread now: Aftermath Perps against Phemex+0.667%7-day average +0.052% · 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−$131as in the Price arb table

costs, in and out, $10k−$1931.927% of the position

Long on Phemex Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.348%+$35 on $10k

Price spread, last 3 days (all we have)−0.612%−$61 · spread now +0.667%, 7d avg +0.052%

Together, before fees−0.265%−$26 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Aftermath Perps is 0.614% dearer against Phemex than usual: you sell high and buy low: +$61 more if the spread goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004393	0.0100	pay 0.0050% / 4h	2h 54m	$2.0M	$3.9M	20x
Short	Aftermath Perps PUMPUSD	0.004422	0.0708	get 0.0089% / 1h	54m 42s	$387	$110K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Phemex. 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 PhemexbpFee Aftermath PerpsbpOrdersPrice spread, now +0.667%Rate

Funding earned: $127.75
Price spread: +0.667% → +0.052%: $61.43
Slippage, 4 orders: −$171.75
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$3.57
Costs to cover: 1.927%
Break-even: 7.2 days

Slippage from Phemex: live order book, 4 min ago; Aftermath Perps: live order book, 14 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 Phemex live order book, 4 min ago	19.26 bp	51.0 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 14 min ago	5.14 bp	47.7 bp −$48	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
ApeX Omni PUMPUSDT	−0.0223%	1h	0.004404	+0.250%	$139K	$759K	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004396	+0.075%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004385	−0.182%	$20K	$202K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004390	−0.068%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004386	−0.159%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0058%	4h	0.004385	−0.182%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004397	+0.091%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−2.117%	$26K	$769K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004392	−0.023%	$703K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004394	+0.023%	$474K	$654K	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	0.004391	−0.040%	$78.8M	$164.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004386	−0.159%	$23.4M	$95.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004393	−0.009%	$26K	$166K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004380	−0.296%	$39K	$60K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004387	−0.137%	$4.8M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004398	+0.114%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004387	−0.137%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004387	−0.137%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004393	+0.007%	$782K	$178K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004405	+0.279%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004395	+0.037%	$1.2M	$10.4M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004388	−0.114%	$101K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004388	−0.118%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004388	−0.114%	$1K	$731K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004390	−0.068%	$275	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004389	−0.091%	$21K	$119K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004393	long leg	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004387	−0.136%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004384	−0.194%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004387	−0.137%	$70K	$11K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004382	−0.250%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004402	+0.196%	$39K	$103K	10x	as long as short
Nado PUMP-PERP	+0.0268%	1h	0.004384	−0.193%	$1.6M	$2.0M	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004381	−0.273%	$478K	$996K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004392	−0.023%	$3.6M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004383	−0.231%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0357% / S −0.0297%	1h	0.004385	−0.182%	$73K	—	100x	as long as short
Hyperliquid PUMP	+0.0367%	1h	0.004399	+0.137%	$162.0M	$53.7M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004393	0.000%	$685K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004401	+0.182%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSDshort	+0.0708%	1h	0.004422	+0.667%	$387	$110K	10x
Kraken Futures PF_PUMPUSD	+0.1266%	1h	0.004395	+0.037%	$1.3M	$3.1M	50x	as long as short