Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Popdex against Phemex−0.272%7-day average −1.355% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs+$16as in the Price arb table

costs, in and out, $10k−$930.926% of the position

Long on Phemex Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)−1.821%−$182 · spread now −0.272%, 7d avg −1.355%

Together, before fees−1.825%−$183 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: Popdex is 1.083% dearer against Phemex than usual: you sell high and buy low, +$108 on $10k if it goes back to its 7-day average of −1.355%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004412	0.0100	pay 0.0050% / 4h	1h 07m	$2.0M	$4.0M	20x
Short	Popdex PUMPUSDT	0.004400	0.0096	get 0.0012% / 1h	7m 10s	$31K	$789K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.272%Rate

Funding earned: −$0.84
Price spread: −0.272% → −1.355%: $108.3
Slippage, 4 orders: −$74.17
Fee Phemex: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: $14.89
Costs to cover: 0.926%
Break-even: from the start

Slippage from Phemex: live order book, 2 min ago; Popdex: live order book, 57 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	7.91 bp	32.6 bp −$33	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 57 min ago	1.11 bp	13.5 bp −$14	doesn't fit	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
Perpl PUMP	−0.0112%	43m	0.004420	+0.181%	$18K	$231K	20x	as long as short
dYdX PUMP-USD	−0.0007%	1h	0.004421	+0.207%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004412	0.000%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004413	+0.020%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004412	0.000%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004400	−0.272%	$31K	$789K	20x
Aster PUMPUSDT	+0.0100%	4h	0.004411	−0.034%	$693K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004422	+0.227%	$481K	$786K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004410	−0.045%	$80.1M	$171.3M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004409	−0.068%	$24.0M	$97.4M	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	0.004432	+0.462%	$37K	$190K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004423	+0.249%	$60K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004411	−0.023%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004415	+0.068%	$23.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004410	−0.045%	$17.5M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004411	−0.023%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004409	−0.068%	$785K	$191K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004436	+0.542%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004437	+0.556%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004437	+0.567%	$148K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004421	+0.204%	$103K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004411	−0.023%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004412	+0.010%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004412	0.000%	$1K	$756K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004411	−0.023%	$277	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004415	+0.068%	$21K	$118K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004412	long leg	$2.0M	$4.0M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004424	+0.274%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004408	−0.091%	$70K	$11K	3x	as long as short
Nado PUMP-PERP	+0.0113%	1h	0.004418	+0.147%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004412	0.000%	$60K	—	100x	as long as short
Extended PUMP-USD	+0.0240%	1h	0.004410	−0.038%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0288%	1h	0.004422	+0.227%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004441	+0.648%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004415	+0.068%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004413	+0.016%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004416	+0.091%	$691K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0459%	1h	0.004416	+0.091%	$165.1M	$55.9M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004422	+0.215%	$526K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0878%	1h	0.004448	+0.816%	$587	$116K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004439	+0.612%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1355%	1h	0.004415	+0.065%	$1.1M	$3.4M	50x	as long as short