Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Nado against Phemex+0.127%7-day average 0.000% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$720.722% of the position

Long on Phemex Short on Nado

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.001%$0 on $10k

Price spread, last 3 days (all we have)−0.116%−$12 · spread now +0.127%, 7d avg 0.000%

Together, before fees−0.117%+ Points / potential airdropNado: Active · farm board−$12 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: Nado is 0.127% dearer against Phemex than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004333	0.0100	pay 0.0050% / 4h	1h 22m	$2.0M	$4.0M	20x
Short	Nado PUMP-PERP	0.004339	0.0100	get 0.0013% / 1h	22m 27s	$1.6M	$2.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.127%Rate

Funding earned: $0
Price spread: +0.127% → 0.000%: $12.72
Slippage, 4 orders: −$53.15
Fee Phemex: 6 bp × 2 orders: −$12
Fee Nado: 3.5 bp × 2 orders: −$7
Net: −$59.43
Costs to cover: 0.722%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; Nado: 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	3.46 bp	28.7 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell Nado live order book, 1 min ago	1.15 bp	8.7 bp −$9	31.7 bp −$317	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	−0.5240%	1h	0.004337	+0.103%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0044%	4h	0.004341	+0.185%	$22.7M	$95.7M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0007%	4h	0.004341	+0.185%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004339	+0.138%	$20K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004337	+0.092%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004342	+0.213%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0053%	1h	0.004335	+0.044%	$773K	$180K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004335	+0.046%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004341	+0.185%	$6K	$497	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.762%	$29K	$764K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004337	+0.100%	$42K	—	5x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004347	+0.323%	$159.2M	$52.3M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004339	+0.147%	$785K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004338	+0.115%	$450K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004341	+0.188%	$77.3M	$163.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004333	+0.005%	$25K	$173K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004339	+0.138%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004341	+0.185%	$4.7M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004343	+0.231%	$23.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004342	+0.208%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004342	+0.208%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004327	−0.132%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004334	+0.016%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004331	−0.046%	$137K	$766K	50x	as long as short
Nado PUMP-PERPshort	+0.0100%	1h	0.004339	+0.127%	$1.6M	$2.0M	10x
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004345	+0.277%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004335	+0.046%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004336	+0.069%	$1K	$712K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004333	0.000%	$715	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004333	0.000%	$21K	$139K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004333	long leg	$2.0M	$4.0M	20x
Extended PUMP-USD	+0.0104%	1h	0.004338	+0.108%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004333	0.000%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004340	+0.170%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004336	+0.062%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004340	+0.162%	$668K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0312% / S −0.0230%	1h	0.004342	+0.208%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004332	−0.023%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004340	+0.160%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0411%	1h	0.004331	−0.040%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004333	0.000%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0806%	1h	0.004340	+0.159%	$1.3M	$3.5M	50x	as long as short