Funding arb · Price arb / Crypto

PUMP

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LONGTxFlow▾Gate −0.1086%dYdX −0.0626%Polymarket Perps −0.0421%Bullet −0.0356%BloFin −0.0211%Kraken Futures −0.0131%TxFlow −0.0109%Orderly −0.0060%GRVT −0.0022%Perpl 0.0000%Deribit 0.0000%Bitget +0.0004%AZverse +0.0004%Binance +0.0022%MEXC +0.0024%SoDEX +0.0026%Backpack +0.0028%edgeX +0.0030%Injective +0.0033%Aevo +0.0088%Lighter +0.0096%N1 +0.0096%Popdex +0.0096%Paradex +0.0100%Nado +0.0100%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Bybit +0.0100%OKX +0.0100%Ondo Perps +0.0100%Arcus +0.0100%Bulk +0.0100%KuCoin +0.0100%BingX +0.0100%Variational Omni +0.0100%ApeX Omni +0.0100%Reya +0.0100%SunX +0.0100%HTX +0.0100%Extended +0.0104%Phoenix +0.0188%Avantis +0.0237%gTrade (Gains Network) +0.0289%GMX +0.0369%RISEx +0.0686%Aftermath Perps +0.0821%

⇄⇅

SHORTPhemex▾Phemex +0.1063%Aftermath Perps +0.0821%RISEx +0.0686%GMX −0.0508%Phoenix +0.0188%Extended +0.0104%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Bybit +0.0100%OKX +0.0100%Ondo Perps +0.0100%Arcus +0.0100%Bulk +0.0100%KuCoin +0.0100%BingX +0.0100%Variational Omni +0.0100%ApeX Omni +0.0100%Reya +0.0100%SunX +0.0100%HTX +0.0100%Nado +0.0100%Paradex +0.0100%N1 +0.0096%Popdex +0.0096%Lighter +0.0096%Aevo +0.0088%gTrade (Gains Network) −0.0059%Injective +0.0033%edgeX +0.0030%Backpack +0.0028%SoDEX +0.0026%MEXC +0.0024%Binance +0.0022%AZverse +0.0004%Bitget +0.0004%Perpl 0.0000%Deribit 0.0000%GRVT −0.0022%Avantis +0.0037%Orderly −0.0060%Kraken Futures −0.0131%BloFin −0.0211%Bullet −0.0356%Polymarket Perps −0.0421%dYdX −0.0626%Gate −0.1086%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	TxFlowPUMP-USDC	0.004234	−0.0109	get 0.0014% / 1h	58m 28s	$454K	$1.2M	55x	Long TxFlow5% off
SHORT	PhemexPUMPUSDT	0.004245	+0.1063	get 0.0532% / 4h	3h 58m	$1.7M	$1.4M	20x	Short Phemex

Price gap+0.260%

Funding gap+0.1172% /8h

Both sides work: funding pays +$35 a day on $10k, and the gap is 0.125% above its 7d average: +$13 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid +0.039% in total, about +0.0019%/8h on average.

Price and funding

Entry / ExitPrice spreadPricesFundingLeg ratesP&L

1m5m15m1h

1h · history

24H3D7D14D30D90D

Entry / Exit?

Price spread?

Prices?

Funding?per 8h

ENTRY / EXIT · 7D

Entry now—

Entry average—

Best entry—

Exit now—

Exit average—

Best exit—

Exit free—

PRICE SPREAD · 7D

Now+0.260%

Average—

Range—

Wider than now—

FUNDING SPREAD · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

TxFlowPhemex

PUMP on 48 exchanges

lowest funding first

Before you open

2 ok · 4 to watch

• !
  Watch: Thin at this size6.9 / 20.4 bp

  At $10k entering Phemex costs 20.4 bp, fee and slippage, 3.0× TxFlow’s.
• i
  Note: Margin at max leverage$182 + $500

  TxFlow 55x, Phemex 20x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• !
  Watch: Payment intervals differ1h / 4h

  Payments land at different times. Close right after the slower leg pays.

  Long TxFlow · 1h+$3.27

  Short Phemex · 4h+$31.90

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$35.17Long TxFlow: 24 payments, +$3.27; short Phemex: 6 payments, +$31.90.
• ✓
  OK: Entry gap works for you+0.260% vs +0.134%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Long leg is thinner$454K vs $1.7M OI

  TxFlow sets your exit cost. Check its book before closing.
• ✓
  OK: Points on a legTxFlow points

  Volume here counts toward the points program.
• !
  Watch: KYCTxFlow No · Phemex Yes

  KYC unlocks spot and futures trading; an unverified account cannot withdraw at all.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0019%/8h × 21 periods+$3.91

Price spread+0.260% → +0.134% (7d avg)+$12.53

Slippage, 4 orderslive order books−$30.98

Fee TxFlow bp × 2 orders−$9.00

Fee Phemex bp × 2 orders−$12.00

Net · 7 days · $10k−$35.53

Costs to cover0.520%Break-even70.7 days

Slippage: TxFlow: live order book, 4 min ago; Phemex: live order book, 3 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGTxFlow2.356.9 bp−$714.9 bp−$14943.6 bp−$4,356doesn’t fit

SELL · SHORTPhemex1.1720.4 bp−$2033.3 bp−$333doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

FundingPrice spread

I'm in

PUMP news

posts that mention PUMP, from every exchangeSearch all news →

10-23 09:05	Reya	Listing	new market PUMPRUSDPERP ($PUMP) seen by our collector
10-15 05:29	Derive	Listing	$PUMP options and perps are live on Derive. Block-size trades have already printed via RFQ. The order book is now just as tradeable, with deep liquidity on screen. @DeriveXYZ on X ↗
10-13 15:13	OKX	Other	Europe, your next X Drops club is here. near:native, $ZEC, $XRP, $ONDO, $ENA, $SUI, $TAO, $HYPE, $PUMP, $LIT and $ZRO are in, with 38,000 near:native up for grabs. Join the drop. @okx on X ↗
10-13 13:51	Ondo Perps	Listing	New crypto perps campaign. New users can get up to 75% of fees back on crypto trades. The more volume you trade, the higher your fee rebate: ▸ $10K+ volume → get 10% of fees back ▸ $50K+ → get 25% back ▸ $250K+ → get 50% back ▸ $1M+ → get 75% back Crypto perps included in the campaign: ▸ $BTC ▸ $ETH ▸ $ZEC ▸ $SOL ▸ $ENA ▸ $XRP ▸ $HYPE ▸ $PUMP ▸ $ONDO Running from October 13 at 9AM ET to October 20 at 9AM ET. Limited to users who sign up for Ondo Perps after the campaign starts. Rebates are capped at $500 per user. Trade now → @OndoPerps on X ↗
10-06 07:18	Bullet	Listing	By popular demand, $PUMP perps are now live on Bullet. 24/7. Up to 20x leverage. On @solana - at the speed of light. @Bulletxyz on X ↗
10-06 06:57	Bullet	Listing	new market PUMP-USD ($PUMP) seen by our collector