Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against Ondo Perps+0.339%7-day average +0.027% · you sell dearer than you buy

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

Long on Ondo Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.011%+$1 on $10k

Price spread, last 3 days (all we have)−0.124%−$12 · spread now +0.339%, 7d avg +0.027%

Together, before fees−0.113%+ Points / potential airdropOndo Perps: Active · farm board−$11 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 0.312% dearer against Ondo Perps than usual: you sell high and buy low, +$31 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps PUMP-USD.P	0.004484	0.0100	pay 0.0013% / 1h	55m 45s	$21K	$175K	5x
Short	Phemex PUMPUSDT	0.004499	0.0100	get 0.0050% / 4h	1h 55m	$2.0M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Ondo Perps. 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 Ondo PerpsbpFee PhemexbpOrdersPrice spread, now +0.339%Rate

Funding earned: $0
Price spread: +0.339% → +0.027%: $31.21
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Phemex: 6 bp × 2 orders: −$12
Net: $14.21
Costs to cover: 0.170%
Break-even: from the start

Slippage unknown: Ondo Perps: no order-book sample; Phemex: live order book, 3 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Phemex live order book, 3 min ago	11.18 bp	38.0 bp −$38	doesn't fit	doesn't fit	doesn't fit

Ondo Perps: 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 41 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	0.0000%	1h	0.004499	+0.344%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004496	+0.272%	$18K	$217K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004499	+0.339%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0090%	4h	0.004500	+0.361%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004493	+0.205%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	+0.361%	$27K	$779K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004496	+0.275%	$696K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004497	+0.294%	$523K	$722K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004492	+0.183%	$82.1M	$167.7M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004491	+0.161%	$24.3M	$98.7M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.Plong	+0.0100%	1h	0.004484	long leg	$21K	$175K	5x
Arcus PUMP-USD	+0.0100%	1h	0.004500	+0.361%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004494	+0.227%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004499	+0.339%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004494	+0.227%	$17.7M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004495	+0.250%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004497	+0.290%	$800K	$186K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004486	+0.042%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004484	−0.002%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004482	−0.040%	$149K	$752K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004503	+0.428%	$103K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004499	+0.349%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004500	+0.361%	$1K	$743K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004499	+0.339%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004496	+0.272%	$22K	$117K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004499	+0.339%	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004500	+0.364%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004498	+0.317%	$72K	$8K	3x	as long as short
Nado PUMP-PERP	+0.0107%	1h	0.004498	+0.328%	$1.7M	$2.0M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0195%	1h	0.004500	+0.361%	$71K	$124K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0234% / S −0.0085%	1h	0.004499	+0.339%	$61K	—	100x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004489	+0.127%	$43K	$91K	10x	as long as short
Extended PUMP-USD	+0.0272%	1h	0.004492	+0.192%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0336%	1h	0.004504	+0.451%	$6K	$727	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004500	+0.356%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004477	−0.152%	$702K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004503	+0.417%	$535K	$1.0M	10x	as long as short
Hyperliquid PUMP	+0.0552%	1h	0.004503	+0.428%	$168.2M	$55.9M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0857%	1h	0.004488	+0.088%	$593	$113K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004491	+0.161%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1328%	1h	0.004505	+0.477%	$1.4M	$3.1M	50x	as long as short