Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:05 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.048%

Price spread now: Perpl against Phemex+0.135%48s7-day average −0.015% · you sell dearer than you buy

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

Long on Phemex Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.210%−$21 on $10k

Price spread, last 4 days (all we have)−0.113%−$11 · spread now +0.135%, 7d avg −0.015%

Together, before fees−0.323%+ Points / potential airdropPerpl: Active · farm board−$32 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Perpl is 0.151% dearer against Phemex than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of −0.015%): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.0 days. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004430	0.0100	pay 0.0050% / 4h	22m 23s	$2.0M	$4.0M	20x
Short	Perpl PUMP	0.004436	0	get 0.0000% / 43m	36m 23s	$18K	$237K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PerplbpOrdersPrice spread, now +0.135%Rate

Funding earned: −$21
Price spread: +0.135% → −0.015%: $15.08
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$31.72
Costs to cover: 0.258%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 1 min ago; Perpl: 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, 1 min ago	6.77 bp	24.0 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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	−0.2216%	1h	0.004436	+0.135%	$20K	$9K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004436	+0.135%	$18K	$237K	20x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004436	+0.144%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004435	+0.113%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.677%	$29K	$784K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004436	+0.144%	$704K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004435	+0.113%	$494K	$813K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004438	+0.181%	$80.9M	$174.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004435	+0.113%	$24.1M	$98.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004409	−0.467%	$31K	$189K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004440	+0.226%	$62K	$102K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004435	+0.113%	$4.9M	$11.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004439	+0.203%	$23.7M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004437	+0.158%	$17.5M	$20.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004437	+0.158%	—	$13.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004430	−0.009%	$787K	$203K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004430	+0.007%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004415	−0.333%	$1.2M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004436	+0.135%	$147K	$756K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004437	+0.169%	$1.6M	$2.1M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004441	+0.248%	$102K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004429	−0.023%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004428	−0.036%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004433	+0.068%	$2K	$773K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004430	0.000%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004421	−0.203%	$21K	$110K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004430	long leg	$2.0M	$4.0M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004438	+0.190%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004426	−0.090%	$71K	$8K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0202%	1h	0.004431	+0.023%	$70K	$122K	25x	as long as short
Extended PUMP-USD	+0.0216%	1h	0.004438	+0.189%	$3.9M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004442	+0.271%	$6K	$625	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004435	+0.113%	$53K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004432	+0.045%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004438	+0.175%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004425	−0.104%	$42K	$120K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004435	+0.113%	$702K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0459%	1h	0.004444	+0.316%	$166.5M	$55.6M	10x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004441	+0.257%	$528K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004439	+0.203%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0799%	1h	0.004433	+0.060%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0932%	1h	0.004425	−0.105%	$584	$114K	10x	as long as short