Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0137%/8h= −15.0% APRpaid last 24h −0.032%

Price spread now: Binance against Phoenix−0.147%55s7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.122%−$12 on $10k

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.147% cheaper against Phoenix than usual: you would sell low and buy high (−$15 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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	Phoenix PUMP	0.004491	0.0237	pay 0.0030% / 1h	10m 26s	$38K	$99K	10x
Short	Binance PUMPUSDT	0.004485	0.0100	get 0.0050% / 4h	3h 10m	$80.8M	$163.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Phoenix. 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 PhoenixbpFee BinancebpOrdersPrice spread, now −0.147%Rate

Funding earned: −$28.86
Price spread: −0.147% → 0.000%: −$14.67
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$60.54
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Binance: live order book, 3 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell Binance live order book, 3 min ago	1.12 bp	7.6 bp −$8	18.2 bp −$182	64.2 bp −$6,419	306.2 bp −$153.1K

Phoenix: 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	−0.1179%	1h	0.004487	−0.085%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004492	+0.020%	$19K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004482	−0.203%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004472	−0.425%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0053%	4h	0.004482	−0.203%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004484	−0.158%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.028%	$27K	$773K	20x	as long as short
OKX PUMP-USDT-SWAP	+0.0099%	4h	0.004494	+0.065%	$23.6M	$98.5M	50x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004484	−0.157%	$738K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004485	−0.136%	$477K	$627K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDTshort	+0.0100%	4h	0.004485	−0.147%	$80.8M	$163.1M	75x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004474	−0.376%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004485	−0.136%	$41K	$57K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004482	−0.203%	$4.8M	$10.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004484	−0.158%	$23.7M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004493	+0.042%	$18.0M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004480	−0.247%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004480	−0.245%	$798K	$172K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004485	−0.137%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004482	−0.206%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004489	−0.047%	$141K	$759K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004493	+0.053%	$1.7M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004494	+0.065%	$108K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004481	−0.229%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004480	−0.247%	$2K	$725K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004480	−0.247%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004470	−0.470%	$21K	$127K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004479	−0.269%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004486	−0.124%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004479	−0.258%	$3.7M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004475	−0.358%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004486	−0.114%	$6K	$830	10x	as long as short
Phoenix PUMPlong	+0.0237%	1h	0.004491	long leg	$38K	$99K	10x
RISEx PUMP/USDC	+0.0297%	1h	0.004483	−0.169%	$500K	$990K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004481	−0.225%	$3.5M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004491	−0.006%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004485	−0.136%	$708K	$5.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0354% / S −0.0292%	1h	0.004474	−0.381%	$74K	—	100x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004491	−0.002%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0571%	1h	0.004500	+0.198%	$166.5M	$54.6M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0709%	1h	0.004472	−0.419%	$391	$108K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0917%	1h	0.004487	−0.101%	$1.3M	$3.1M	50x	as long as short