Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0221%/8h= −24.2% APRpaid last 24h −0.031%

Price spread now: Gate against Phoenix+0.121%7-day average −0.125% · you sell dearer than you buy

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$630.629% of the position

Long on Phoenix Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.165%−$17 on $10k

Price spread, last 4 days (all we have)−1.349%−$135 · spread now +0.121%, 7d avg −0.125%

Together, before fees−1.514%−$151 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.245% dearer against Phoenix than usual: you sell high and buy low (spread +0.121% now, against its 7-day average of −0.125%): +$25 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 3.7 days. At the pace of the last 7 days (−0.165% in total) that is about 10 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PUMP	0.004480	0.0321	pay 0.0040% / 1h	18m 39s	$43K	$103K	10x
Short	Gate PUMP_USDT	0.004485	0.0100	get 0.0050% / 4h	1h 18m	$5.0M	$11.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.121%Rate

Funding earned: −$46.45
Price spread: +0.121% → −0.125%: $24.5
Slippage, 4 orders: −$40.86
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$84.8
Costs to cover: 0.629%
Break-even: never at this rate

Slippage from Phoenix: live order book, 29 min ago; Gate: live order book, 5 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, 29 min ago	2.00 bp	16.2 bp −$16	58.0 bp −$580	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.24 bp	18.3 bp −$18	36.8 bp −$368	75.9 bp −$7,586	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	0.004485	+0.121%	$18K	$230K	20x	as long as short
dYdX PUMP-USD	−0.0009%	1h	0.004483	+0.078%	$21K	$9K	5x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004484	+0.095%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004488	+0.188%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.777%	$31K	$794K	20x	as long as short
Orderly PERP_PUMP_USDC	+0.0099%	4h	0.004484	+0.098%	$42K	$10K	10x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004485	+0.121%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004485	+0.125%	$706K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004487	+0.165%	$491K	$783K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004484	+0.089%	$81.6M	$170.5M	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	0.004488	+0.188%	$24.4M	$98.7M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004475	−0.100%	$37K	$191K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004489	+0.210%	$51K	$76K	10x	as long as short
Gate PUMP_USDTshort	+0.0100%	4h	0.004485	+0.121%	$5.0M	$11.3M	75x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004492	+0.277%	$23.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004488	+0.188%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004486	+0.143%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004486	+0.145%	$796K	$189K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004472	−0.171%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004469	−0.231%	$1.3M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004478	−0.036%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004489	+0.210%	$108K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004484	+0.098%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004487	+0.165%	$2K	$754K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004486	+0.143%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004482	+0.054%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004486	+0.143%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004485	+0.130%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004482	+0.054%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004484	+0.098%	$61K	—	100x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0196%	1h	0.004486	+0.143%	$71K	$124K	25x	as long as short
Extended PUMP-USD	+0.0264%	1h	0.004487	+0.173%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004489	+0.210%	$6K	$727	10x	as long as short
Phoenix PUMPlong	+0.0321%	1h	0.004480	long leg	$43K	$103K	10x
BloFin PUMP-USDT	+0.0340%	4h	0.004488	+0.188%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004486	+0.134%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004486	+0.143%	$717K	$6.0M	50x	as long as short
Hyperliquid PUMP	+0.0506%	1h	0.004493	+0.299%	$168.0M	$55.8M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004491	+0.245%	$534K	$994K	10x	as long as short
Aftermath Perps PUMPUSD	+0.0868%	1h	0.004474	−0.122%	$591	$117K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	−0.549%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1333%	1h	0.004489	+0.211%	$1.1M	$3.3M	50x	as long as short