Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Bitget+0.111%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$114as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$1131.132% of the position

Long on Bitget Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.111%, 7d avg +0.004%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.107% dearer against Bitget than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PUMPUSDT	0.004489	0.0100	pay 0.0050% / 4h	3h 02m	$17.7M	$18.6M	75x
Short	Phemex PUMPUSDT	0.004494	0.0100	get 0.0050% / 4h	3h 02m	$2.0M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Bitget. 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 BitgetbpFee PhemexbpOrdersPrice spread, now +0.111%Rate

Funding earned: $0
Price spread: +0.111% → +0.004%: $10.71
Slippage, 4 orders: −$89.17
Fee Bitget: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$102.47
Costs to cover: 1.132%
Break-even: never at this rate

Slippage from Bitget: live order book, 1 min ago; Phemex: 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 Bitget live order book, 1 min ago	2.22 bp	11.7 bp −$12	29.3 bp −$293	doesn't fit	doesn't fit
Sell Phemex live order book, 1 min ago	12.23 bp	43.4 bp −$43	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	−0.2013%	1h	0.004488	−0.020%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004493	+0.089%	$18K	$236K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004492	+0.067%	$71K	$116K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0003%	1h	0.004492	+0.077%	$58K	—	150x	as long as short
Gate PUMP_USDT	+0.0048%	4h	0.004488	−0.022%	$5.0M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004493	+0.089%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.983%	$31K	$623K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004500	+0.256%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004490	+0.030%	$713K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004491	+0.045%	$498K	$755K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004490	+0.021%	$81.8M	$164.7M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004488	−0.022%	$24.5M	$95.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004494	+0.114%	$32K	$184K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004491	+0.045%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004494	+0.111%	$24.1M	$13.6M	50x	as long as short
Bitget PUMPUSDTlong	+0.0100%	4h	0.004489	long leg	$17.7M	$18.6M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004490	+0.022%	—	$12.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004490	+0.016%	$801K	$200K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004488	−0.016%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004487	−0.051%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004484	−0.111%	$150K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004498	+0.200%	$108K	$2.0M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004491	+0.045%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004491	+0.043%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004491	+0.045%	$2K	$739K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004492	+0.067%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004489	0.000%	$21K	$93K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004494	+0.111%	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004492	+0.073%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004492	+0.067%	$67K	$10K	3x	as long as short
Extended PUMP-USD	+0.0264%	1h	0.004486	−0.059%	$3.9M	$3.8M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004491	+0.045%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0336%	1h	0.004492	+0.067%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004495	+0.134%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004490	+0.022%	$46K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004495	+0.129%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004507	+0.401%	$39K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004499	+0.223%	$713K	$5.6M	50x	as long as short
Hyperliquid PUMP	+0.0522%	1h	0.004495	+0.134%	$168.6M	$50.0M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004491	+0.056%	$534K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0652%	1h	0.004495	+0.123%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1131%	1h	0.004489	−0.009%	$520	$106K	10x	as long as short