Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Phemex−0.112%7-day average −0.039% · you buy dearer than you sell

Net, funding: paid 7d − costs−$185as in the Funding arb table

Net, price: spread back to 7d avg − costs−$193as in the Price arb table

costs, in and out, $10k−$1861.855% of the position

Long on Phemex Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.294%+$29 · spread now −0.112%, 7d avg −0.039%

Together, before fees+0.302%+$30 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: HTX is 0.073% cheaper against Phemex than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.039%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004465	0.0100	pay 0.0050% / 4h	1h 13m	$2.0M	$4.0M	20x
Short	HTX PUMP-USDT	0.004460	0.0100	get 0.0050% / 4h	1h 13m	$21K	$118K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.112%Rate

Funding earned: $0
Price spread: −0.112% → −0.039%: −$7.35
Slippage, 4 orders: −$161.54
Fee Phemex: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$192.88
Costs to cover: 1.855%
Break-even: never at this rate

Slippage from Phemex: live order book, 5 min ago; HTX: live order book, 48 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	5.57 bp	22.5 bp −$23	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 48 min ago	22.29 bp	62.4 bp −$62	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
Perpl PUMP	−0.0112%	43m	0.004460	−0.112%	$18K	$230K	20x	as long as short
dYdX PUMP-USD	−0.0008%	1h	0.004462	−0.067%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004465	0.000%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004459	−0.136%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004462	−0.067%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.456%	$31K	$789K	20x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004458	−0.157%	$42K	$10K	10x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004462	−0.078%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004462	−0.065%	$702K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004464	−0.022%	$488K	$783K	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	0.004460	−0.121%	$81.1M	$170.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004457	−0.179%	$24.3M	$98.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004463	−0.040%	$37K	$191K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004466	+0.022%	$60K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004460	−0.112%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004465	0.000%	$23.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004458	−0.157%	$17.7M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004458	−0.157%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004464	−0.022%	$792K	$189K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004478	+0.294%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004474	+0.197%	$1.2M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004479	+0.314%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004465	0.000%	$107K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004458	−0.154%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004466	+0.022%	$1K	$755K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004465	0.000%	$280	$7K	10x	as long as short
HTX PUMP-USDTshort	+0.0100%	4h	0.004460	−0.112%	$21K	$118K	20x
Phemex PUMPUSDTlong	+0.0100%	4h	0.004465	long leg	$2.0M	$4.0M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004465	−0.007%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004454	−0.246%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004458	−0.157%	$60K	—	100x	as long as short
Extended PUMP-USD	+0.0264%	1h	0.004462	−0.059%	$3.9M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0288%	1h	0.004467	+0.045%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004468	+0.067%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004467	+0.045%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004460	−0.118%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004469	+0.090%	$707K	$6.0M	50x	as long as short
Hyperliquid PUMP	+0.0487%	1h	0.004466	+0.022%	$167.0M	$55.9M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004466	+0.015%	$531K	$994K	10x	as long as short
Aftermath Perps PUMPUSD	+0.0875%	1h	0.004470	+0.102%	$590	$117K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	−0.224%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1339%	1h	0.004467	+0.050%	$1.1M	$3.3M	50x	as long as short