Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.009%

Price spread now: Extended against Phemex−0.129%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$86as in the Price arb table

costs, in and out, $10k−$760.762% of the position

Long on Phemex Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.129%, 7d avg −0.034%

Together, before fees+0.074%+ Points / potential airdropExtended: Active · farm board+$7 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: Extended is 0.094% cheaper against Phemex than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004510	0.0100	pay 0.0050% / 4h	1h 04m	$2.0M	$3.9M	20x
Short	Extended PUMP-USD	0.004504	0.0104	get 0.0013% / 1h	4m 30s	$3.8M	$3.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.129%Rate

Funding earned: $0.84
Price spread: −0.129% → −0.034%: −$9.43
Slippage, 4 orders: −$59.19
Fee Phemex: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$84.77
Costs to cover: 0.762%
Break-even: 713.5 days

Slippage from Phemex: live order book, 4 min ago; Extended: live order book, 4 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, 4 min ago	7.73 bp	31.8 bp −$32	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	1.10 bp	3.6 bp −$4	9.0 bp −$90	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	0.004505	−0.111%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004505	−0.111%	$18K	$268K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004510	0.000%	$69K	$116K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004506	−0.096%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0074%	4h	0.004503	−0.155%	$5.0M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004509	−0.022%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.222%	$29K	$647K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004508	−0.050%	$825K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004507	−0.067%	$532K	$859K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004507	−0.060%	$82.5M	$172.1M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004503	−0.155%	$24.8M	$98.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004523	+0.290%	$27K	$151K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004507	−0.067%	$65K	$100K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004509	−0.022%	$24.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004506	−0.089%	$17.7M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004506	−0.089%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004508	−0.055%	$807K	$200K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004528	+0.391%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004528	+0.397%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004530	+0.443%	$153K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004509	−0.022%	$105K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004510	0.000%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004528	+0.393%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004509	−0.022%	$2K	$769K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004508	−0.044%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004501	−0.200%	$21K	$83K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004510	long leg	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004506	−0.079%	$43K	$276	5x	as long as short
Extended PUMP-USDshort	+0.0104%	1h	0.004504	−0.129%	$3.8M	$3.7M	50x
Aevo PUMP-PERP	+0.0104%	1h	0.004508	−0.044%	$67K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0210%	1h	0.004507	−0.055%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0303% / S −0.0274%	1h	0.004506	−0.089%	$64K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0312%	1h	0.004507	−0.067%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004510	0.000%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004506	−0.094%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004538	+0.632%	$48K	$139K	10x	as long as short
Hyperliquid PUMP	+0.0499%	1h	0.004511	+0.022%	$168.6M	$51.1M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004519	+0.200%	$728K	$5.9M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0547%	1h	0.004509	−0.029%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004530	+0.443%	$38K	$205K	12x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004508	−0.055%	$537K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1008%	1h	0.004521	+0.242%	$500	$112K	10x	as long as short