Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Phemex against Popdex+1.791%7-day average +1.353% · 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−$45as in the Price arb table

costs, in and out, $10k−$890.889% of the position

Long on Popdex Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.003%$0 on $10k

Price spread, last 3 days (all we have)+0.213%+$21 · spread now +1.791%, 7d avg +1.353%

Together, before fees+0.216%+$22 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: Phemex is 0.437% dearer against Popdex than usual: you sell high and buy low, +$44 on $10k if it goes back to its 7-day average of +1.353%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PUMPUSDT	0.004300	0.0096	pay 0.0012% / 1h	4m 30s	$31K	$773K	20x
Short	Phemex PUMPUSDT	0.004377	0.0100	get 0.0050% / 4h	4m 30s	$2.0M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Popdex. 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 PopdexbpFee PhemexbpOrdersPrice spread, now +1.791%Rate

Funding earned: $0.84
Price spread: +1.791% → +1.353%: $43.75
Slippage, 4 orders: −$70.51
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$44.32
Costs to cover: 0.889%
Break-even: 376.3 days

Slippage from Popdex: live order book, 10 min ago; Phemex: live order book, 4 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 Popdex live order book, 10 min ago	3.43 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	6.85 bp	26.2 bp −$26	doesn't fit	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	−0.0047%	1h	0.004379	+1.847%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004374	+1.721%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004378	+1.814%	$69K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004376	+1.773%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0023%	4h	0.004382	+1.907%	$23.0M	$97.3M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0029%	4h	0.004375	+1.744%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004382	+1.907%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDTlong	+0.0096%	1h	0.004300	long leg	$31K	$773K	20x
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004383	+1.923%	$42K	—	5x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004382	+1.901%	$730K	$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	0.004383	+1.930%	$459K	$604K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004381	+1.893%	$78.3M	$164.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004375	+1.747%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004382	+1.907%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004381	+1.884%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004383	+1.930%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004381	+1.884%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004380	+1.860%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004377	+1.793%	$780K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004375	+1.745%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004378	+1.807%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004377	+1.791%	$138K	$761K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004381	+1.895%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004381	+1.884%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004377	+1.796%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004378	+1.814%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004376	+1.767%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004374	+1.721%	$21K	$137K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004377	+1.791%	$2.0M	$4.0M	20x
Extended PUMP-USD	+0.0104%	1h	0.004381	+1.875%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004375	+1.744%	$72K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0150%	1h	0.004389	+2.070%	$161.3M	$53.3M	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004380	+1.872%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004382	+1.907%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004383	+1.919%	$489K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004384	+1.953%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004382	+1.907%	$694K	$5.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0339% / S −0.0280%	1h	0.004376	+1.767%	$74K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004374	+1.721%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004376	+1.765%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0483%	1h	0.004377	+1.787%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0862%	1h	0.004381	+1.890%	$1.3M	$3.5M	50x	as long as short