Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h −0.071%

Price spread now: Bitget against RISEx−0.252%48s7-day average −0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.385% of the position

Long on RISEx Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.193%−$19 on $10k

Price spread, last 7 days+0.216%+$22 · spread now −0.252%, 7d avg −0.033%

Together, before fees+0.023%+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.219% cheaper against RISEx than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.033%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx PUMP/USDC	0.004371	0.0194	pay 0.0024% / 1h	32m 44s	$485K	$1.0M	10x
Short	Bitget PUMPUSDT	0.004360	0.0100	get 0.0050% / 4h	32m 44s	$17.3M	$19.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against RISEx. 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 RISExbpFee BitgetbpOrdersPrice spread, now −0.252%Rate

Funding earned: −$19.74
Price spread: −0.252% → −0.033%: −$21.85
Slippage, 4 orders: −$20.5
Fee RISEx: 3 bp × 2 orders: −$6
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$80.09
Costs to cover: 0.385%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Bitget: live order book, 1 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 RISEx live order book, 1 min ago	2.29 bp	5.3 bp −$5	13.4 bp −$134	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.43 bp	15.0 bp −$15	26.9 bp −$269	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
OKX PUMP-USDT-SWAP	−0.0006%	4h	0.004361	−0.229%	$22.8M	$96.6M	50x	as long as short
dYdX PUMP-USD	−0.0005%	1h	0.004362	−0.195%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004359	−0.275%	$18K	$205K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004363	−0.183%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004362	−0.202%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0012%	4h	0.004359	−0.275%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004360	−0.252%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.624%	$27K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004360	−0.260%	$42K	—	5x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004361	−0.229%	$729K	$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	0.004360	−0.252%	$456K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004359	−0.268%	$77.7M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004359	−0.272%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004370	−0.023%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004358	−0.297%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004364	−0.160%	$23.2M	$13.9M	50x	as long as short
Bitget PUMPUSDTshort	+0.0100%	4h	0.004360	−0.252%	$17.3M	$19.1M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004360	−0.252%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004359	−0.270%	$777K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004375	+0.102%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004376	+0.119%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004375	+0.092%	$138K	$764K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004364	−0.160%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004370	−0.023%	$98K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004361	−0.225%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004361	−0.229%	$1K	$718K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004360	−0.252%	$277	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004359	−0.275%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004362	−0.206%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004357	−0.326%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004359	−0.275%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004366	−0.124%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004381	+0.229%	$39K	$207K	12x	as long as short
RISEx PUMP/USDClong	+0.0194%	1h	0.004371	long leg	$485K	$1.0M	10x
01 Exchange PUMPUSD	+0.0224%	1h	0.004370	−0.023%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004365	−0.137%	$677K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0315%	1h	0.004363	−0.183%	$160.5M	$53.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0320% / S −0.0242%	1h	0.004361	−0.229%	$68K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004361	−0.229%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004364	−0.161%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0470%	1h	0.004375	+0.099%	$182	$105K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0865%	1h	0.004366	−0.115%	$1.3M	$3.5M	50x	as long as short