Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0538%/8h= −58.9% APRpaid last 24h −0.068%

Price spread now: Phemex against RISEx−0.068%7-day average −0.035% · 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−$85as in the Price arb table

costs, in and out, $10k−$820.821% of the position

Long on RISEx Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.205%−$20 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.068%, 7d avg −0.035%

Together, before fees−0.251%−$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$16 a day on $10k at the current rate, and Phemex is 0.033% cheaper against RISEx than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx PUMP/USDC	0.004432	0.0638	pay 0.0080% / 1h	57m 58s	$526K	$1.0M	10x
Short	Phemex PUMPUSDT	0.004429	0.0100	get 0.0050% / 4h	3h 57m	$2.0M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$112.96
Price spread: −0.068% → −0.035%: −$3.28
Slippage, 4 orders: −$64.06
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$198.3
Costs to cover: 0.821%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; Phemex: live order book, 6 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	4.51 bp	7.5 bp −$8	13.0 bp −$130	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	10.13 bp	34.2 bp −$34	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	−1.2615%	1h	0.004429	−0.063%	$20K	$9K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004428	−0.090%	$18K	$238K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004427	−0.113%	$70K	$122K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004427	−0.115%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004429	−0.068%	$2.8M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.722%	$29K	$710K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004430	−0.056%	$702K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004430	−0.045%	$497K	$821K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004433	+0.021%	$80.8M	$172.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004432	0.000%	$24.1M	$97.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004438	+0.133%	$31K	$193K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004432	0.000%	$62K	$99K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004430	−0.045%	$4.9M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004432	0.000%	$23.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004431	−0.023%	$17.5M	$20.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004432	0.000%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004429	−0.059%	$790K	$208K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004446	+0.319%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004447	+0.338%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004445	+0.293%	$147K	$757K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004433	+0.023%	$104K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004429	−0.068%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004428	−0.098%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004427	−0.113%	$2K	$768K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004429	−0.068%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004424	−0.181%	$21K	$105K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004429	−0.068%	$2.0M	$4.0M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004431	−0.032%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004428	−0.090%	$66K	$13K	3x	as long as short
Nado PUMP-PERP	+0.0127%	1h	0.004431	−0.011%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004426	−0.135%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0312%	1h	0.004431	−0.016%	$3.9M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004433	+0.023%	$6K	$625	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004435	+0.068%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004429	−0.073%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004451	+0.435%	$42K	$114K	10x	as long as short
Hyperliquid PUMP	+0.0392%	1h	0.004436	+0.090%	$166.3M	$55.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004441	+0.203%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004433	+0.023%	$705K	$5.9M	50x	as long as short
RISEx PUMP/USDClong	+0.0638%	1h	0.004432	long leg	$526K	$1.0M	10x
Kraken Futures PF_PUMPUSD	+0.0662%	1h	0.004431	−0.028%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1032%	1h	0.004435	+0.074%	$786	$112K	10x	as long as short