Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.001%

Price spread now: Gate against ApeX Omni+0.208%66s7-day average −0.088% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

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

costs, in and out, $10k−$650.651% of the position

Long on ApeX Omni Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 3 days (all we have)−0.869%−$87 · spread now +0.208%, 7d avg −0.088%

Together, before fees−0.949%−$95 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.295% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.208% now, against its 7-day average of −0.088%): +$30 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 55 days. At the pace of the last 7 days (−0.080% in total) that is about 26 days. The two prices were read 66 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	ApeX Omni PUMPUSDT	0.004337	0.0100	pay 0.0013% / 1h	22m 12s	$137K	$769K	50x
Short	Gate PUMP_USDT	0.004346	0.0082	get 0.0041% / 4h	2h 22m	$4.6M	$11.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against ApeX Omni. 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 ApeX OmnibpFee GatebpOrdersPrice spread, now +0.208%Rate

Funding earned: −$3.78
Price spread: +0.208% → −0.088%: $29.54
Slippage, 4 orders: −$40.09
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$39.33
Costs to cover: 0.651%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 66 min ago; Gate: 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 ApeX Omni live order book, 66 min ago	5.80 bp	14.7 bp −$15	105.1 bp −$1,051	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.45 bp	19.7 bp −$20	49.6 bp −$496	91.3 bp −$9,129	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	−0.4219%	1h	0.004350	+0.295%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0249%	1h	0.004345	+0.182%	$774K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004345	+0.184%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0066%	4h	0.004346	+0.208%	$22.7M	$96.4M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0020%	4h	0.004345	+0.184%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004346	+0.208%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004347	+0.241%	$55K	—	150x	as long as short
Gate PUMP_USDTshort	+0.0082%	4h	0.004346	+0.208%	$4.6M	$11.7M	75x
Lighter PUMP	+0.0096%	1h	0.004345	+0.184%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.853%	$29K	$766K	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	0.004344	+0.170%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004345	+0.196%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004351	+0.323%	$159.6M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004348	+0.262%	$788K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004346	+0.208%	$450K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004344	+0.168%	$77.1M	$164.3M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004333	−0.097%	$25K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004345	+0.184%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004348	+0.254%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004345	+0.184%	$17.2M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004346	+0.208%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004332	−0.125%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004335	−0.046%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDTlong	+0.0100%	1h	0.004337	long leg	$137K	$769K	50x
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004348	+0.254%	$97K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004346	+0.217%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004347	+0.231%	$2K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004345	+0.184%	$717	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004347	+0.231%	$22K	$148K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004344	+0.161%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004344	+0.161%	$3.6M	$3.7M	50x	as long as short
01 Exchange PUMPUSD	+0.0104%	1h	0.004346	+0.208%	$6K	$497	10x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004344	+0.161%	$72K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004347	+0.223%	$494K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004341	+0.101%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004357	+0.461%	$662K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0224%	1h	0.004346	+0.208%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004353	+0.369%	$3.5M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0343%	1h	0.004338	+0.033%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004344	+0.169%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.300%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0682%	1h	0.004351	+0.319%	$1.3M	$3.5M	50x	as long as short