Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0325%/8h= −35.6% APRpaid last 24h −0.132%

Price spread now: HTX against Aftermath Perps−0.143%7-day average −0.089% · 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−$207as in the Price arb table

costs, in and out, $10k−$2012.014% of the position

Long on Aftermath Perps Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.346%−$35 on $10k

Price spread, last 3 days (all we have)+0.015%+$2 · spread now −0.143%, 7d avg −0.089%

Together, before fees−0.331%−$33 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and HTX is 0.054% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.089%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps PUMPUSD	0.004357	0.0425	pay 0.0053% / 1h	22m 51s	$181	$106K	10x
Short	HTX PUMP-USDT	0.004351	0.0100	get 0.0050% / 4h	22m 51s	$22K	$135K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Aftermath Perps. 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 Aftermath PerpsbpFee HTXbpOrdersPrice spread, now −0.143%Rate

Funding earned: −$68.33
Price spread: −0.143% → −0.089%: −$5.42
Slippage, 4 orders: −$180.39
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$275.15
Costs to cover: 2.014%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 56 min ago; HTX: live order book, 53 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 Aftermath Perps live order book, 56 min ago	5.06 bp	22.3 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 53 min ago	12.67 bp	79.2 bp −$79	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	−0.0054%	1h	0.004351	−0.135%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004347	−0.235%	$18K	$204K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004349	−0.184%	$54K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0006%	4h	0.004348	−0.212%	$22.8M	$96.4M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0015%	4h	0.004350	−0.166%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004350	−0.166%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.313%	$26K	$769K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004346	−0.247%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004348	−0.212%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004348	−0.214%	$725K	$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	0.004347	−0.235%	$454K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004350	−0.173%	$77.6M	$164.1M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004347	−0.228%	$26K	$163K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004347	−0.235%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004349	−0.189%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004353	−0.097%	$23.1M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004350	−0.166%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004349	−0.189%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004351	−0.148%	$775K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004352	−0.117%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004362	+0.106%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004352	−0.120%	$137K	$763K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004350	−0.166%	$94K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004351	−0.150%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004345	−0.281%	$2K	$718K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004350	−0.166%	$280	$7K	10x	as long as short
HTX PUMP-USDTshort	+0.0100%	4h	0.004351	−0.143%	$22K	$135K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004352	−0.120%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004350	−0.172%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004350	−0.166%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004359	+0.032%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004350	−0.166%	$38K	$207K	12x	as long as short
Hyperliquid PUMP	+0.0184%	1h	0.004354	−0.074%	$160.1M	$53.1M	10x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004348	−0.212%	$483K	$1.0M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0210%	1h	0.004352	−0.120%	$69K	$126K	25x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004350	−0.166%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004349	−0.189%	$674K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0321% / S −0.0243%	1h	0.004348	−0.212%	$68K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004351	−0.143%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004348	−0.215%	$2	—	3x	as long as short
Aftermath Perps PUMPUSDlong	+0.0425%	1h	0.004357	long leg	$181	$106K	10x
Kraken Futures PF_PUMPUSD	+0.0867%	1h	0.004356	−0.021%	$1.3M	$3.5M	50x	as long as short