Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h −0.059%

Price spread now: BingX against GMX0.000%7-day average — · you sell dearer than you buy

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

Long on GMX Short on BingX

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

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PUMP/USD [WBTC.b-USDC]	0.004365	L +0.0191% / S −0.0050%	pay 0.0024% / 1h	41m 43s	$59K	—	100x
Short	BingX PUMP-USDT	0.004365	0.0100	get 0.0050% / 4h	41m 43s	—	$13.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against GMX. 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 GMXbpFee BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: −$19.18
Price spread: 0.000% → 0.000%: $0
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$41.18
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; BingX: live order book, 12 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell BingX live order book, 12 min ago	1.14 bp	7.1 bp −$7	13.0 bp −$130	53.9 bp −$5,394	158.0 bp −$79.0K

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
Backpack PUMP_USDC_PERP	−0.0142%	1h	0.004365	+0.005%	$774K	$201K	5x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004366	+0.026%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004365	0.000%	$18K	$235K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004366	+0.020%	$52K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004366	+0.023%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.489%	$26K	$823K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004361	−0.080%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004365	−0.003%	$681K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004365	0.000%	$487K	$820K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004365	+0.007%	$79.4M	$174.2M	75x	as long as short

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	0.004365	0.000%	$23.8M	$97.0M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004367	+0.037%	$36K	$186K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004366	+0.023%	$61K	$102K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004362	−0.069%	$4.8M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004368	+0.069%	$23.4M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004365	0.000%	$17.4M	$20.3M	75x	as long as short
BingX PUMP-USDTshort	+0.0100%	4h	0.004365	0.000%	—	$13.0M	—
edgeX PUMPUSDC	+0.0100%	4h	0.004352	−0.294%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004366	+0.023%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004368	+0.069%	$145K	$753K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004368	+0.069%	$98K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004365	0.000%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004366	+0.017%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004366	+0.023%	$2K	$770K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004365	0.000%	$274	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004357	−0.183%	$21K	$113K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004364	−0.023%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004366	+0.027%	$41K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004363	−0.046%	$70K	$8K	3x	as long as short
Extended PUMP-USD	+0.0168%	1h	0.004362	−0.060%	$3.8M	$4.3M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]long	L +0.0191% / S −0.0050%	1h	0.004365	long leg	$59K	—	100x
Deribit PUMP_USDC-PERPETUAL	+0.0208%	1h	0.004367	+0.046%	$69K	$124K	25x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004365	0.000%	$6K	$727	10x	as long as short
Hyperliquid PUMP	+0.0305%	1h	0.004369	+0.092%	$163.1M	$56.4M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004366	+0.023%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004366	+0.017%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004367	+0.037%	$42K	$120K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004368	+0.069%	$691K	$5.8M	50x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004364	−0.011%	$519K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004353	−0.275%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0811%	1h	0.004367	+0.054%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0873%	1h	0.004370	+0.105%	$577	$115K	10x	as long as short