Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0050%/8h= −5.4% APRpaid last 24h +0.103%

Price spread now: GMX against Binance−0.037%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Binance Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and GMX is 0.037% cheaper against Binance than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PUMPUSDT	0.004451	0.0100	pay 0.0050% / 4h	1h 10m	$80.9M	$170.6M	75x
Short	GMX PUMP/USD [WBTC.b-USDC]	0.004449	L +0.0191% / S −0.0050%	get 0.0006% / 1h	10m 45s	$60K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Binance. 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 BinancebpFee GMXbpOrdersPrice spread, now −0.037%Rate

Funding earned: −$10.43
Price spread: −0.037% → 0.000%: −$3.66
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$36.09
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 3 min ago; GMX: no order-book sample. Net counts fees only.

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 Binance live order book, 3 min ago	1.12 bp	6.6 bp −$7	18.6 bp −$186	62.8 bp −$6,277	267.2 bp −$133.6K
Sell GMX no order-book sample	—	—	—	—	—

GMX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Perpl PUMP	−0.0112%	43m	0.004448	−0.059%	$18K	$230K	20x	as long as short
dYdX PUMP-USD	−0.0008%	1h	0.004454	+0.078%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004452	+0.031%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004451	+0.017%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004451	+0.008%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.138%	$31K	$789K	20x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004450	−0.014%	$42K	$10K	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004450	−0.015%	$700K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004451	+0.008%	$487K	$783K	10x	as long as short
Binance PUMPUSDTlong	+0.0100%	4h	0.004451	long leg	$80.9M	$170.6M	75x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004447	−0.082%	$24.3M	$97.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004449	−0.037%	$37K	$190K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004452	+0.031%	$60K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004450	−0.014%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004456	+0.121%	$23.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004450	−0.014%	$17.7M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004450	−0.014%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004450	−0.021%	$789K	$189K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004461	+0.223%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004458	+0.166%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004462	+0.255%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004454	+0.076%	$107K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004451	+0.007%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004452	+0.031%	$2K	$755K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004451	+0.008%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004445	−0.126%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004455	+0.098%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004451	−0.002%	$42K	$276	5x	as long as short
Nado PUMP-PERP	+0.0103%	1h	0.004452	+0.042%	$1.7M	$2.0M	10x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004448	−0.059%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]short	L +0.0191% / S −0.0050%	1h	0.004449	−0.037%	$60K	—	100x
Extended PUMP-USD	+0.0264%	1h	0.004449	−0.028%	$3.9M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0288%	1h	0.004455	+0.098%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004468	+0.390%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004450	−0.014%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004450	−0.020%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004454	+0.076%	$697K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0479%	1h	0.004457	+0.143%	$166.7M	$55.9M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004455	+0.087%	$530K	$998K	10x	as long as short
Aftermath Perps PUMPUSD	+0.0879%	1h	0.004464	+0.311%	$590	$117K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	+0.098%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1343%	1h	0.004453	+0.062%	$1.1M	$3.3M	50x	as long as short