Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.021%

Price spread now: Aster against Phemex+0.093%7-day average −0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$112as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1101.095% of the position

Long on Phemex Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)−0.093%−$9 · spread now +0.093%, 7d avg −0.012%

Together, before fees−0.118%+ Points / potential airdropAster: Stage 5 · farm board−$12 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: Aster is 0.105% dearer against Phemex than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004487	0.0100	pay 0.0050% / 4h	3h 01m	$2.0M	$3.9M	20x
Short	Aster PUMPUSDT	0.004491	0.0100	get 0.0050% / 4h	3h 01m	$713K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.093%Rate

Funding earned: $0
Price spread: +0.093% → −0.012%: $10.52
Slippage, 4 orders: −$89.53
Fee Phemex: 6 bp × 2 orders: −$12
Fee Aster: 4 bp × 2 orders: −$8
Net: −$99.01
Costs to cover: 1.095%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; Aster: live order book, 2 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, 2 min ago	12.23 bp	42.7 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	4.45 bp	12.3 bp −$12	25.1 bp −$251	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	−0.1978%	1h	0.004488	+0.025%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004490	+0.067%	$18K	$237K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004489	+0.045%	$70K	$118K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004490	+0.067%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0048%	4h	0.004485	−0.045%	$5.0M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004492	+0.111%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.939%	$31K	$623K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004489	+0.056%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDTshort	+0.0100%	4h	0.004491	+0.093%	$713K	$2.2M	50x
Pacifica PUMP	+0.0100%	1h	0.004492	+0.111%	$499K	$755K	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	0.004492	+0.112%	$81.8M	$164.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004491	+0.089%	$24.6M	$95.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004494	+0.158%	$32K	$184K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004491	+0.089%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004493	+0.134%	$24.1M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004489	+0.045%	$17.7M	$18.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004490	+0.067%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004484	−0.062%	$802K	$204K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004488	+0.029%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004487	−0.007%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004484	−0.067%	$150K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004493	+0.134%	$107K	$2.0M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004488	+0.022%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004488	+0.025%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004490	+0.067%	$2K	$738K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004488	+0.022%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004480	−0.156%	$21K	$93K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004487	long leg	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004492	+0.116%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004488	+0.022%	$67K	$10K	3x	as long as short
Extended PUMP-USD	+0.0256%	1h	0.004489	+0.052%	$3.9M	$3.8M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004489	+0.045%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0336%	1h	0.004492	+0.111%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004495	+0.178%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004490	+0.067%	$46K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004492	+0.106%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004507	+0.446%	$39K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004494	+0.156%	$718K	$5.6M	50x	as long as short
Hyperliquid PUMP	+0.0524%	1h	0.004496	+0.201%	$168.6M	$50.1M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004491	+0.100%	$534K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0653%	1h	0.004492	+0.103%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1125%	1h	0.004489	+0.051%	$520	$106K	10x	as long as short