Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Arcus against Phemex+0.155%7-day average +0.016% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$66as in the Price arb table

costs, in and out, $10k−$800.799% of the position

Long on Phemex Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.167%−$17 · spread now +0.155%, 7d avg +0.016%

Together, before fees−0.168%−$17 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: Arcus is 0.139% dearer against Phemex than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004520	0.0100	pay 0.0050% / 4h	1h 05m	$2.0M	$3.9M	20x
Short	Arcus PUMP-USD	0.004527	0.0100	get 0.0013% / 1h	5m 43s	$65K	$100K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Phemex. 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 PhemexbpFee ArcusbpOrdersPrice spread, now +0.155%Rate

Funding earned: $0
Price spread: +0.155% → +0.016%: $13.88
Slippage, 4 orders: −$63.42
Fee Phemex: 6 bp × 2 orders: −$12
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$66.04
Costs to cover: 0.799%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; Arcus: live order book, 63 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 Phemex live order book, 3 min ago	7.73 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Arcus live order book, 63 min ago	4.42 bp	8.0 bp −$8	18.5 bp −$185	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	−0.0005%	1h	0.004511	−0.194%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004530	+0.221%	$18K	$268K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004518	−0.050%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0082%	4h	0.004510	−0.221%	$5.0M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004514	−0.133%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.442%	$29K	$646K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004514	−0.127%	$826K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004526	+0.133%	$534K	$859K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004514	−0.133%	$82.7M	$172.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004511	−0.199%	$24.8M	$98.4M	50x	as long as short

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	0.004523	+0.069%	$27K	$151K	5x	as long as short
Arcus PUMP-USDshort	+0.0100%	1h	0.004527	+0.155%	$65K	$100K	10x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004514	−0.133%	$24.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004510	−0.221%	$17.7M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004511	−0.199%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004515	−0.108%	$808K	$200K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004528	+0.169%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004528	+0.175%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004530	+0.221%	$153K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004525	+0.111%	$105K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004517	−0.066%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004528	+0.171%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004516	−0.088%	$2K	$769K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004519	−0.022%	$284	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004520	0.000%	$22K	$83K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004520	long leg	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004529	+0.195%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004510	−0.216%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004515	−0.111%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0193%	1h	0.004519	−0.022%	$69K	$116K	25x	as long as short
Nado PUMP-PERP	+0.0210%	1h	0.004519	−0.011%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0303% / S −0.0274%	1h	0.004529	+0.199%	$65K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004526	+0.133%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004536	+0.354%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004520	−0.005%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004538	+0.409%	$48K	$139K	10x	as long as short
Hyperliquid PUMP	+0.0500%	1h	0.004517	−0.066%	$168.9M	$51.0M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004529	+0.199%	$730K	$5.9M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0546%	1h	0.004519	−0.013%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004542	+0.487%	$38K	$205K	12x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004527	+0.155%	$539K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1012%	1h	0.004527	+0.154%	$501	$112K	10x	as long as short