Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.090%

Price spread now: GMX against OKX−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 OKX 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

Funding pays, the price is against you. GMX is 0.068% cheaper against OKX than usual: you would sell low and buy high (spread −0.068% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PUMP-USDT-SWAP	0.004434	0.0100	pay 0.0050% / 4h	3h 26m	$24.2M	$96.8M	50x
Short	GMX PUMP/USD [WBTC.b-USDC]	0.004431	L +0.0270% / S −0.0198%	get 0.0025% / 1h	26m 52s	$53K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against OKX. 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 OKXbpFee GMXbpOrdersPrice spread, now −0.068%Rate

Funding earned: $20.59
Price spread: −0.068% → 0.000%: −$6.77
Slippage, 4 orders: no order book: not counted
Fee OKX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: −$8.18
Costs to cover: 0.220%
Break-even: 9.8 days

Slippage unknown: OKX: live order book, 2 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 OKX live order book, 2 min ago	1.12 bp	8.2 bp −$8	18.9 bp −$189	125.1 bp −$12.5K	doesn't fit
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
dYdX PUMP-USD	−0.3511%	1h	0.004442	+0.183%	$20K	$11K	5x	as long as short
Gate PUMP_USDT	−0.0016%	4h	0.004433	−0.023%	$4.9M	$10.5M	75x	as long as short
Perpl PUMP	0.0000%	43m	0.004436	+0.045%	$18K	$240K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004432	−0.045%	$70K	$122K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004433	−0.028%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004437	+0.068%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.767%	$30K	$674K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004437	+0.079%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004434	−0.007%	$708K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004439	+0.113%	$493K	$824K	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	0.004434	−0.007%	$80.8M	$170.2M	75x	as long as short
OKX PUMP-USDT-SWAPlong	+0.0100%	4h	0.004434	long leg	$24.2M	$96.8M	50x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004452	+0.397%	$31K	$188K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004439	+0.113%	$62K	$99K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004435	+0.023%	$23.8M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004433	−0.023%	$17.4M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004433	−0.023%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004432	−0.045%	$790K	$208K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004451	+0.391%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004450	+0.359%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004459	+0.564%	$148K	$745K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004439	+0.113%	$106K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004432	−0.045%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004432	−0.048%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004431	−0.068%	$2K	$758K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004434	0.000%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004436	+0.045%	$21K	$102K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004435	+0.023%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004438	+0.091%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004431	−0.068%	$66K	$13K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]short	L +0.0270% / S −0.0198%	1h	0.004431	−0.068%	$53K	—	100x
Extended PUMP-USD	+0.0312%	1h	0.004433	−0.018%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004435	+0.023%	$3.6M	$4.4M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004456	+0.494%	$42K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004433	−0.030%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0352%	1h	0.004439	+0.113%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004456	+0.496%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004439	+0.113%	$709K	$5.8M	50x	as long as short
Hyperliquid PUMP	+0.0531%	1h	0.004440	+0.135%	$166.3M	$53.8M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004440	+0.135%	$527K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0661%	1h	0.004436	+0.044%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1019%	1h	0.004443	+0.195%	$316	$110K	10x	as long as short