Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against Phemex−0.562%7-day average −0.027% · you buy dearer than you sell

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

Long on Phemex Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.011%−$1 on $10k

Price spread, last 3 days (all we have)+0.328%+$33 · spread now −0.562%, 7d avg −0.027%

Together, before fees+0.317%+ Points / potential airdropOndo Perps: Active · farm board+$32 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: Ondo Perps is 0.535% cheaper against Phemex than usual: you would sell low and buy high, −$53 on $10k if it goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004483	0.0100	pay 0.0050% / 4h	3h 16m	$2.0M	$4.0M	20x
Short	Ondo Perps PUMP-USD.P	0.004458	0.0100	get 0.0013% / 1h	16m 10s	$26K	$169K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.562%Rate

Funding earned: $0
Price spread: −0.562% → −0.027%: −$53.48
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$70.48
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 3 min ago; Ondo Perps: 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, 3 min ago	4.52 bp	34.2 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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-USD	−0.0108%	1h	0.004469	−0.308%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004471	−0.268%	$18K	$204K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004479	−0.089%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004476	−0.154%	$56K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0053%	4h	0.004479	−0.089%	$42K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0088%	4h	0.004482	−0.022%	$23.6M	$99.1M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004483	0.000%	$3.0M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.851%	$28K	$776K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004473	−0.212%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004475	−0.176%	$727K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004474	−0.201%	$476K	$627K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004483	0.000%	$80.5M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.Pshort	+0.0100%	1h	0.004458	−0.562%	$26K	$169K	5x
Arcus PUMP-USD	+0.0100%	1h	0.004473	−0.223%	$43K	$52K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004473	−0.223%	$4.8M	$10.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004486	+0.067%	$23.7M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004483	0.000%	$18.0M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004477	−0.134%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004470	−0.301%	$796K	$172K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004439	−0.991%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004438	−0.995%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004440	−0.959%	$140K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004477	−0.134%	$108K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004479	−0.085%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004477	−0.134%	$2K	$725K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004483	0.000%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004477	−0.134%	$21K	$133K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004483	long leg	$2.0M	$4.0M	20x
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004472	−0.241%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004480	−0.077%	$3.7M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004480	−0.067%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004476	−0.156%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004435	−1.077%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004475	−0.190%	$488K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004465	−0.402%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004473	−0.227%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004483	0.000%	$739K	$5.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0353% / S −0.0290%	1h	0.004476	−0.156%	$74K	—	100x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004476	−0.156%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0525%	1h	0.004480	−0.067%	$165.5M	$54.2M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0702%	1h	0.004451	−0.707%	$389	$109K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0917%	1h	0.004488	+0.113%	$1.3M	$3.5M	50x	as long as short