Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0193%/8h= +21.1% APRpaid last 24h −0.002%

Price spread now: BloFin against RISEx−0.082%97s7-day average −0.020% · 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−$320.316% of the position

Long on RISEx Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.049%+$5 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now −0.082%, 7d avg −0.020%

Together, before fees+0.049%+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.062% cheaper against RISEx than usual: you would sell low and buy high (spread −0.082% now, against its 7-day average of −0.020%). If the spread goes back, that is −$6 on $10k: about 26 hours of funding at the current rate (+$6 a day). At the pace of the last 3 days (+0.049% in total) that is about 4.2 days. The two prices were read 97 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.049% in total (about 5.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx PUMP/USDC	0.004346	0.0147	pay 0.0018% / 1h	9m 30s	$492K	$1.0M	10x
Short	BloFin PUMP-USDT	0.004342	0.0340	get 0.0170% / 4h	1h 09m	$3.4M	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.082%Rate

Funding earned: $40.52
Price spread: −0.082% → −0.020%: −$6.18
Slippage, 4 orders: −$13.64
Fee RISEx: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: $2.71
Costs to cover: 0.316%
Break-even: 6.5 days

Slippage from RISEx: live order book, 4 min ago; BloFin: 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 RISEx live order book, 4 min ago	2.31 bp	5.3 bp −$5	11.5 bp −$115	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	2.31 bp	12.7 bp −$13	19.4 bp −$194	38.4 bp −$3,845	109.6 bp −$54.8K

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	−0.3882%	1h	0.004339	−0.142%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0051%	4h	0.004343	−0.059%	$22.7M	$95.4M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0003%	4h	0.004337	−0.197%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004337	−0.197%	$20K	$202K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004338	−0.174%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004338	−0.182%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0084%	1h	0.004339	−0.153%	$773K	$180K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004341	−0.105%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004347	+0.033%	$6K	$497	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.049%	$29K	$764K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004343	−0.068%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004342	−0.071%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004347	+0.033%	$159.3M	$52.2M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004342	−0.084%	$786K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004342	−0.082%	$450K	$603K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004345	−0.014%	$77.4M	$163.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004339	−0.158%	$25K	$173K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004344	−0.036%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004341	−0.105%	$4.7M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004345	−0.013%	$23.0M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004346	+0.010%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004342	−0.082%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004339	−0.159%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004338	−0.164%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004337	−0.197%	$137K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004350	+0.102%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004338	−0.174%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004340	−0.128%	$2K	$713K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004337	−0.197%	$715	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004339	−0.151%	$21K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004337	−0.197%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004343	−0.068%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004335	−0.243%	$71K	$18K	3x	as long as short
RISEx PUMP/USDClong	+0.0147%	1h	0.004346	long leg	$492K	$1.0M	10x
Phoenix PUMP	+0.0185%	1h	0.004345	−0.008%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004346	+0.010%	$673K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0313% / S −0.0231%	1h	0.004336	−0.220%	$67K	—	100x	as long as short
BloFin PUMP-USDTshort	+0.0340%	4h	0.004342	−0.082%	$3.4M	$3.8M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004345	−0.015%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0413%	1h	0.004340	−0.120%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004333	−0.289%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0806%	1h	0.004342	−0.084%	$1.3M	$3.5M	50x	as long as short