Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Paradex against Phemex+0.068%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.068% dearer against Phemex than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004443	0.0100	pay 0.0050% / 4h	3h 25m	$2.0M	$4.0M	20x
Short	Paradex PUMP-USD-PERP	0.004446	0.0100	get 0.0100% / 8h	7h 25m	$43K	$110	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.068%Rate

Funding earned: $0.01
Price spread: +0.068% → 0.000%: $6.84
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$9.15
Costs to cover: 0.160%
Break-even: 5914.1 days

Slippage unknown: Phemex: live order book, 3 min ago; Paradex: 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 Phemex live order book, 3 min ago	4.50 bp	41.6 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.0019%	1h	0.004446	+0.074%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004444	+0.023%	$18K	$209K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004444	+0.023%	$71K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004442	−0.020%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0049%	4h	0.004442	−0.023%	$42K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0077%	4h	0.004443	0.000%	$23.4M	$98.7M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004444	+0.023%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.968%	$30K	$781K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004444	+0.034%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004445	+0.039%	$722K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004446	+0.068%	$470K	$626K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004444	+0.014%	$79.8M	$164.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004438	−0.110%	$26K	$168K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004445	+0.045%	$43K	$52K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004442	−0.023%	$4.8M	$10.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004445	+0.045%	$23.5M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004442	−0.023%	$17.8M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004443	0.000%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004443	0.000%	$791K	$174K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004433	−0.219%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004432	−0.240%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004435	−0.180%	$140K	$760K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004448	+0.113%	$107K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004443	+0.001%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004443	0.000%	$1K	$727K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004444	+0.023%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004446	+0.068%	$21K	$135K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004443	long leg	$2.0M	$4.0M	20x
Paradex PUMP-USD-PERPshort	+0.0100%	8h	0.004446	+0.068%	$43K	$110	5x
Extended PUMP-USD	+0.0104%	1h	0.004442	−0.033%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004439	−0.090%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0232%	1h	0.004444	+0.023%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004431	−0.263%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004445	+0.053%	$484K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004450	+0.158%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004443	−0.004%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0349% / S −0.0287%	1h	0.004442	−0.023%	$74K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004449	+0.135%	$690K	$5.7M	50x	as long as short
Hyperliquid PUMP	+0.0447%	1h	0.004451	+0.180%	$163.8M	$54.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004444	+0.023%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0636%	1h	0.004438	−0.106%	$388	$107K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0925%	1h	0.004449	+0.142%	$1.3M	$3.5M	50x	as long as short