Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0091%/8h= −10.0% APRpaid last 24h −0.076%

Price spread now: OKX against GMX−0.068%7-day average — · you buy dearer than you sell

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

Long on GMX Short on OKX

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 −$3 a day on $10k at the current rate, and OKX is 0.068% cheaper against GMX than usual: you would sell low and buy high (−$7 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	GMX PUMP/USD [WBTC.b-USDC]	0.004412	L +0.0191% / S −0.0050%	pay 0.0024% / 1h	7m 10s	$60K	—	100x
Short	OKX PUMP-USDT-SWAP	0.004409	0.0100	get 0.0050% / 4h	1h 07m	$24.0M	$97.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$19.18
Price spread: −0.068% → 0.000%: −$6.8
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$47.98
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago	1.13 bp	9.3 bp −$9	24.7 bp −$247	84.5 bp −$8,449	doesn't fit

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	0.004420	+0.181%	$18K	$231K	20x	as long as short
dYdX PUMP-USD	−0.0007%	1h	0.004421	+0.207%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004412	0.000%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004413	+0.020%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004412	0.000%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.272%	$31K	$789K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004411	−0.034%	$693K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004422	+0.227%	$481K	$786K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004410	−0.045%	$80.1M	$171.3M	75x	as long as short
OKX PUMP-USDT-SWAPshort	+0.0100%	4h	0.004409	−0.068%	$24.0M	$97.4M	50x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004432	+0.462%	$37K	$190K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004423	+0.249%	$60K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004411	−0.023%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004415	+0.068%	$23.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004410	−0.045%	$17.5M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004411	−0.023%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004409	−0.068%	$785K	$191K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004436	+0.542%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004437	+0.556%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004437	+0.567%	$148K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004421	+0.204%	$103K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004411	−0.023%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004412	+0.010%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004412	0.000%	$1K	$756K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004411	−0.023%	$277	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004415	+0.068%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004412	0.000%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004424	+0.274%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004408	−0.091%	$70K	$11K	3x	as long as short
Nado PUMP-PERP	+0.0113%	1h	0.004418	+0.147%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]long	L +0.0191% / S −0.0050%	1h	0.004412	long leg	$60K	—	100x
Extended PUMP-USD	+0.0240%	1h	0.004410	−0.038%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0288%	1h	0.004422	+0.227%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004441	+0.648%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004415	+0.068%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004413	+0.016%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004416	+0.091%	$691K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0459%	1h	0.004416	+0.091%	$165.1M	$55.9M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004422	+0.215%	$526K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0878%	1h	0.004448	+0.816%	$587	$116K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004439	+0.612%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1355%	1h	0.004415	+0.065%	$1.1M	$3.4M	50x	as long as short