Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0470%/8h= +51.5% APRpaid last 24h +0.068%

Price spread now: RISEx against Phemex+0.302%7-day average +0.035% · 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−$36as in the Price arb table

costs, in and out, $10k−$630.630% of the position

Long on Phemex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.205%+$20 on $10k

Price spread, last 4 days (all we have)−0.188%−$19 · spread now +0.302%, 7d avg +0.035%

Together, before fees+0.016%+$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and RISEx is 0.267% dearer against Phemex than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004420	0.0100	pay 0.0050% / 4h	25m 24s	$2.0M	$4.0M	20x
Short	RISEx PUMP/USDC	0.004433	0.0570	get 0.0071% / 1h	25m 24s	$527K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.302%Rate

Funding earned: $98.68
Price spread: +0.302% → +0.035%: $26.73
Slippage, 4 orders: −$45.03
Fee Phemex: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: $62.38
Costs to cover: 0.630%
Break-even: 2.6 days

Slippage from Phemex: live order book, 3 min ago; RISEx: live order book, 3 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, 3 min ago	4.53 bp	28.2 bp −$28	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 3 min ago	2.26 bp	5.3 bp −$5	13.6 bp −$136	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	−0.1530%	1h	0.004422	+0.049%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004432	+0.271%	$18K	$238K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004435	+0.336%	$53K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0078%	1h	0.004419	−0.027%	$783K	$200K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004423	+0.068%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.452%	$29K	$787K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004432	+0.283%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004421	+0.014%	$701K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004429	+0.204%	$494K	$813K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004436	+0.362%	$81.0M	$174.3M	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	0.004435	+0.339%	$24.1M	$98.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004409	−0.242%	$31K	$189K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004432	+0.271%	$62K	$102K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004426	+0.136%	$4.9M	$11.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004438	+0.407%	$23.8M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004434	+0.317%	$17.5M	$20.4M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004428	+0.181%	—	$13.0M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004416	−0.100%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004415	−0.107%	$1.2M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004417	−0.068%	$146K	$757K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004439	+0.430%	$100K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004416	−0.090%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004416	−0.101%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004418	−0.045%	$2K	$773K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004419	−0.023%	$277	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004412	−0.181%	$21K	$110K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004420	long leg	$2.0M	$4.0M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004426	+0.143%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004416	−0.090%	$70K	$8K	3x	as long as short
Extended PUMP-USD	+0.0192%	1h	0.004430	+0.234%	$3.8M	$4.3M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0203%	1h	0.004418	−0.045%	$70K	$122K	25x	as long as short
01 Exchange PUMPUSD	+0.0256%	1h	0.004435	+0.339%	$6K	$625	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004414	−0.136%	$53K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004418	−0.045%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004437	+0.378%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004425	+0.122%	$42K	$120K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004418	−0.045%	$699K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0440%	1h	0.004442	+0.498%	$166.5M	$56.8M	10x	as long as short
RISEx PUMP/USDCshort	+0.0570%	1h	0.004433	+0.302%	$527K	$1.0M	10x
Injective PUMP/USDC PERP	+0.0706%	1h	0.004429	+0.204%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0801%	1h	0.004422	+0.049%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0925%	1h	0.004415	−0.102%	$583	$114K	10x	as long as short