Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0226%/8h= −24.8% APRpaid last 24h −0.405%

Price spread now: dYdX against Phemex−0.801%87s7-day average — · you buy dearer than you sell

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

Long on Phemex Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and dYdX is 0.801% cheaper against Phemex than usual: you would sell low and buy high (−$80 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 87 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	0.004600	0.0100	pay 0.0050% / 4h	3h 22m	$2.0M	$3.9M	20x
Short	dYdX PUMP-USD	0.004563	−0.0126	pay 0.0016% / 1h	22m 51s	$21K	$11K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.801%Rate

Funding earned: −$47.54
Price spread: −0.801% → 0.000%: −$80.15
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$149.68
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 6 min ago; dYdX: no order-book sample. 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 Phemex live order book, 6 min ago	11.06 bp	42.4 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: 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-USDshort	−0.0126%	1h	0.004563	−0.801%	$21K	$11K	5x
Gate PUMP_USDT	−0.0058%	4h	0.004593	−0.152%	$4.9M	$10.1M	75x	as long as short
Perpl PUMP	0.0000%	43m	0.004598	−0.043%	$18K	$264K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0003%	1h	0.004600	+0.009%	$61K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004604	+0.087%	$3.0M	$4.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−2.174%	$35K	$667K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004599	−0.032%	$858K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004584	−0.348%	$527K	$892K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004601	+0.023%	$84.0M	$176.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004603	+0.065%	$25.2M	$105.7M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004563	−0.807%	$27K	$153K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004589	−0.239%	$55K	$145K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004600	0.000%	$25.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004602	+0.043%	$17.9M	$18.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004597	−0.065%	—	$14.6M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004599	−0.030%	$824K	$212K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004560	−0.868%	$67K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004565	−0.761%	$1.3M	$11.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004535	−1.413%	$161K	$748K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004594	−0.130%	$108K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004602	+0.043%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004520	−1.738%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004600	0.000%	$2K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004602	+0.043%	$263	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004579	−0.457%	$22K	$126K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004600	long leg	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004588	−0.260%	$44K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004598	−0.037%	$3.8M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004598	−0.043%	$68K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0124%	1h	0.004608	+0.174%	$171.7M	$49.9M	10x	as long as short
Nado PUMP-PERP	+0.0281%	1h	0.004601	+0.011%	$1.7M	$2.2M	10x	as long as short
01 Exchange PUMPUSD	+0.0304%	1h	0.004593	−0.152%	$6K	$600	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0274%	1h	0.004597	−0.065%	$66K	—	100x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004578	−0.480%	$45K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004602	+0.043%	$3.9M	$4.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004602	+0.038%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	−0.391%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004607	+0.152%	$756K	$6.3M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0619%	1h	0.004605	+0.109%	$71K	$114K	25x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004593	−0.160%	$534K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0804%	1h	0.004605	+0.106%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0975%	1h	0.004553	−1.015%	$704	$108K	10x	as long as short