Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Phemex−0.346%77s7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$890.888% of the position

Long on Phemex Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.004%$0 on $10k

Price spread, last 3 days (all we have)+0.561%+$56 · spread now −0.346%, 7d avg +0.056%

Together, before fees+0.557%+$56 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: ApeX Omni is 0.402% cheaper against Phemex than usual: you would sell low and buy high, −$40 on $10k if it goes back to its 7-day average of +0.056%. The two prices were read 77 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	Phemex PUMPUSDT	0.004334	0.0100	pay 0.0050% / 4h	2h 33m	$2.0M	$4.0M	20x
Short	ApeX Omni PUMPUSDT	0.004319	0.0100	get 0.0013% / 1h	33m 40s	$136K	$767K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.346%Rate

Funding earned: $0
Price spread: −0.346% → +0.056%: −$40.19
Slippage, 4 orders: −$66.83
Fee Phemex: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$129.02
Costs to cover: 0.888%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; ApeX Omni: live order book, 55 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, 5 min ago	2.32 bp	25.6 bp −$26	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 55 min ago	5.80 bp	14.5 bp −$15	98.5 bp −$985	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	−0.2727%	1h	0.004336	+0.046%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0380%	1h	0.004334	−0.002%	$776K	$181K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004337	+0.069%	$20K	$204K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0059%	4h	0.004334	0.000%	$22.7M	$94.7M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0016%	4h	0.004338	+0.092%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004338	+0.092%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004338	+0.081%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004335	+0.023%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.784%	$29K	$770K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004334	+0.007%	$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	0.004337	+0.081%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004340	+0.138%	$158.7M	$52.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004336	+0.057%	$787K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004336	+0.046%	$449K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004335	+0.014%	$76.9M	$164.1M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004319	−0.355%	$25K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004337	+0.069%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004335	+0.023%	$4.6M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004338	+0.092%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004334	0.000%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004335	+0.023%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004305	−0.663%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004316	−0.426%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDTshort	+0.0100%	1h	0.004319	−0.346%	$136K	$767K	50x
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004340	+0.138%	$108K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004338	+0.082%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004338	+0.092%	$2K	$708K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004335	+0.023%	$715	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004328	−0.138%	$21K	$148K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004334	long leg	$2.0M	$4.0M	20x
Extended PUMP-USD	+0.0104%	1h	0.004334	+0.001%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004335	+0.023%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004339	+0.104%	$494K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0128%	1h	0.004338	+0.092%	$6K	$497	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004320	−0.335%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004340	+0.138%	$660K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0222%	1h	0.004337	+0.069%	$67K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0314%	1h	0.004317	−0.399%	$179	$106K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004328	−0.138%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004335	+0.031%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.231%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0684%	1h	0.004340	+0.137%	$1.3M	$3.5M	50x	as long as short