Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against Phemex+0.056%52s7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$80as 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−$760.757% of the position

Long on Phemex Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.056%, 7d avg +0.002%

Together, before fees−0.080%−$8 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: Binance is 0.054% dearer against Phemex than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 52 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	0.004470	0.0100	pay 0.0050% / 4h	2h 42m	$2.0M	$3.9M	20x
Short	Binance PUMPUSDT	0.004472	0.0100	get 0.0050% / 4h	2h 42m	$81.6M	$164.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.056%Rate

Funding earned: $0
Price spread: +0.056% → +0.002%: $5.39
Slippage, 4 orders: −$53.66
Fee Phemex: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$70.27
Costs to cover: 0.757%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; Binance: live order book, 1 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, 1 min ago	1.12 bp	31.2 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 1 min ago	1.12 bp	8.5 bp −$8	16.5 bp −$165	49.3 bp −$4,932	222.2 bp −$111.1K

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	−0.0023%	1h	0.004469	−0.020%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004468	−0.045%	$18K	$237K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004473	+0.067%	$70K	$115K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004472	+0.035%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0052%	4h	0.004468	−0.045%	$4.9M	$10.3M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004474	+0.089%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.566%	$28K	$618K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004471	+0.034%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004471	+0.029%	$712K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004472	+0.045%	$536K	$761K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDTshort	+0.0100%	4h	0.004472	+0.056%	$81.6M	$164.0M	75x
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004469	−0.022%	$24.6M	$94.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004467	−0.074%	$32K	$162K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004473	+0.067%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004474	+0.089%	$23.9M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004470	0.000%	$17.8M	$18.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004471	+0.022%	—	$13.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004468	−0.047%	$801K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004495	+0.563%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004489	+0.425%	$1.3M	$10.1M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004493	+0.515%	$152K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004474	+0.089%	$110K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004471	+0.022%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004471	+0.032%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004472	+0.045%	$2K	$735K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004471	+0.022%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004467	−0.067%	$21K	$93K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004470	long leg	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004471	+0.031%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004470	0.000%	$66K	$10K	3x	as long as short
Extended PUMP-USD	+0.0112%	1h	0.004470	+0.009%	$3.8M	$3.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004471	+0.022%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004474	+0.089%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004468	−0.045%	$3.7M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004472	+0.042%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004499	+0.658%	$46K	$119K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004478	+0.179%	$717K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0563%	1h	0.004477	+0.157%	$167.9M	$48.4M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004492	+0.492%	$39K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004474	+0.089%	$532K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0819%	1h	0.004471	+0.031%	$1.0M	$3.2M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1090%	1h	0.004487	+0.371%	$520	$102K	10x	as long as short