Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0135%/8h= −14.8% APRpaid last 24h −0.032%

Price spread now: Binance against Phoenix−0.113%7-day average −0.113% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on Phoenix Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.124%−$12 on $10k

Price spread, last 4 days (all we have)−2.195%−$220 · spread now −0.113%, 7d avg −0.113%

Together, before fees−2.319%−$232 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.113%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PUMP	0.004496	0.0235	pay 0.0029% / 1h	10m 45s	$43K	$103K	10x
Short	Binance PUMPUSDT	0.004491	0.0100	get 0.0050% / 4h	2h 10m	$82.0M	$168.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phoenix. 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 PhoenixbpFee BinancebpOrdersPrice spread, now −0.113%Rate

Funding earned: −$28.3
Price spread: −0.113% → −0.113%: −$0.05
Slippage, 4 orders: −$33.15
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$78.5
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from Phoenix: live order book, 42 min ago; Binance: live order book, 2 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 Phoenix live order book, 42 min ago	2.04 bp	16.1 bp −$16	58.0 bp −$580	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.11 bp	9.8 bp −$10	19.1 bp −$191	60.4 bp −$6,045	285.5 bp −$142.8K

PUMP on 41 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	−0.4690%	1h	0.004492	−0.089%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004499	+0.065%	$18K	$215K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004508	+0.265%	$72K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004503	+0.156%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0083%	4h	0.004506	+0.220%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004494	−0.047%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	+0.087%	$30K	$772K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004504	+0.187%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004497	+0.024%	$697K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004493	−0.069%	$522K	$717K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDTshort	+0.0100%	4h	0.004491	−0.113%	$82.0M	$168.0M	75x
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004488	−0.180%	$24.4M	$99.0M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004482	−0.305%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004492	−0.091%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004495	−0.024%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004502	+0.131%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004489	−0.158%	$17.7M	$19.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004495	−0.024%	—	$13.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004505	+0.198%	$801K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004493	−0.068%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004488	−0.181%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004483	−0.291%	$149K	$752K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004506	+0.220%	$99K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004507	+0.252%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004499	+0.065%	$2K	$745K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004508	+0.265%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004495	−0.024%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004506	+0.220%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004494	−0.045%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004506	+0.220%	$72K	$8K	3x	as long as short
Extended PUMP-USD	+0.0208%	1h	0.004490	−0.127%	$3.8M	$4.3M	50x	as long as short
Phoenix PUMPlong	+0.0235%	1h	0.004496	long leg	$43K	$103K	10x
01 Exchange PUMPUSD	+0.0312%	1h	0.004505	+0.198%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004495	−0.028%	$531K	$1.1M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004505	+0.192%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0364% / S −0.0294%	1h	0.004503	+0.153%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004508	+0.265%	$717K	$5.9M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004513	+0.376%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0745%	1h	0.004505	+0.198%	$168.8M	$55.6M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0854%	1h	0.004499	+0.061%	$594	$112K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1233%	1h	0.004515	+0.414%	$1.3M	$3.1M	50x	as long as short