Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.029%

Price spread now: Coinbase International against Phemex+0.181%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$75as in the Price arb table

costs, in and out, $10k−$910.907% of the position

Long on Phemex Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.135%−$14 · spread now +0.181%, 7d avg +0.025%

Together, before fees−0.148%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Coinbase International is 0.156% dearer against Phemex than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.025%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.012% in total (about -0.6% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004424	0.0100	pay 0.0050% / 4h	29m 18s	$2.0M	$4.0M	20x
Short	Coinbase International PUMP-PERP-INTX	0.004432	0.0440	get 0.0055% / 1h	29m 18s	$704K	$5.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.181%Rate

Funding earned: $71.4
Price spread: +0.181% → +0.025%: $15.63
Slippage, 4 orders: −$68.69
Fee Phemex: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$3.66
Costs to cover: 0.907%
Break-even: 7.4 days

Slippage from Phemex: live order book, 4 min ago; Coinbase International: 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 Phemex live order book, 4 min ago	6.84 bp	27.7 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	6.84 bp	15.9 bp −$16	22.4 bp −$224	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	−0.0657%	1h	0.004424	0.000%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004426	+0.045%	$18K	$236K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004426	+0.050%	$53K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0061%	1h	0.004433	+0.201%	$786K	$199K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004425	+0.023%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.542%	$28K	$788K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004428	+0.102%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004430	+0.137%	$703K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004426	+0.045%	$493K	$813K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004423	−0.019%	$80.5M	$174.0M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004416	−0.181%	$24.0M	$97.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004422	−0.036%	$36K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004429	+0.113%	$62K	$102K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004426	+0.045%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004432	+0.181%	$23.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004426	+0.045%	$17.7M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004426	+0.045%	—	$13.0M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004422	−0.040%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004427	+0.066%	$1.2M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004387	−0.836%	$145K	$756K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004431	+0.158%	$102K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004426	+0.045%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004426	+0.050%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004426	+0.045%	$2K	$771K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004425	+0.023%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004425	+0.023%	$21K	$111K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004424	long leg	$2.0M	$4.0M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004428	+0.090%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004422	−0.045%	$71K	$8K	3x	as long as short
Extended PUMP-USD	+0.0192%	1h	0.004424	+0.008%	$3.8M	$4.3M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0202%	1h	0.004427	+0.068%	$70K	$122K	25x	as long as short
01 Exchange PUMPUSD	+0.0248%	1h	0.004429	+0.113%	$6K	$625	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004426	+0.045%	$53K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004422	−0.045%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004430	+0.131%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004374	−1.137%	$42K	$120K	10x	as long as short
Hyperliquid PUMP	+0.0434%	1h	0.004435	+0.249%	$166.3M	$56.8M	10x	as long as short
Coinbase International PUMP-PERP-INTXshort	+0.0440%	1h	0.004432	+0.181%	$704K	$5.9M	50x
RISEx PUMP/USDC	+0.0570%	1h	0.004430	+0.136%	$526K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004432	+0.181%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0800%	1h	0.004428	+0.094%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0896%	1h	0.004403	−0.480%	$581	$114K	10x	as long as short