Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0029%/8h= −3.2% APRpaid last 24h −0.037%

Price spread now: Phemex against Phoenix−0.102%7-day average −0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$820.816% of the position

Long on Phoenix Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days−0.080%−$8 on $10k

Price spread, last 3 days (all we have)−0.069%−$7 · spread now −0.102%, 7d avg −0.090%

Together, before fees−0.148%−$15 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.090%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PUMP	0.004325	0.0129	pay 0.0016% / 1h	8m 29s	$39K	$99K	10x
Short	Phemex PUMPUSDT	0.004321	0.0100	get 0.0050% / 4h	2h 08m	$2.0M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.102%Rate

Funding earned: −$6.18
Price spread: −0.102% → −0.090%: −$1.13
Slippage, 4 orders: −$62.6
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$88.91
Costs to cover: 0.816%
Break-even: never at this rate

Slippage from Phoenix: live order book, 72 min ago; Phemex: live order book, 5 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 Phoenix live order book, 72 min ago	2.09 bp	16.2 bp −$16	58.2 bp −$582	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	2.31 bp	22.5 bp −$22	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
dYdX PUMP-USD	−0.5206%	1h	0.004326	+0.009%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0231%	1h	0.004322	−0.079%	$770K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004320	−0.125%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0062%	4h	0.004320	−0.125%	$22.6M	$95.6M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0025%	4h	0.004321	−0.102%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004324	−0.032%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004322	−0.070%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0056%	4h	0.004322	−0.079%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0080%	1h	0.004323	−0.055%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004322	−0.079%	$2.9M	$5.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.587%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004322	−0.078%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004321	−0.090%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004327	+0.037%	$158.5M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004321	−0.101%	$779K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004323	−0.055%	$448K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004322	−0.079%	$76.7M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004319	−0.143%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004322	−0.079%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004325	−0.009%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004321	−0.102%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004322	−0.079%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004320	−0.123%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004322	−0.067%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004324	−0.032%	$136K	$771K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004325	−0.009%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004323	−0.045%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004324	−0.032%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004322	−0.079%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004320	−0.125%	$21K	$147K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004321	−0.102%	$2.0M	$4.0M	20x
Extended PUMP-USD	+0.0104%	1h	0.004321	−0.101%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004322	−0.079%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004324	−0.042%	$491K	$1.0M	10x	as long as short
Phoenix PUMPlong	+0.0129%	1h	0.004325	long leg	$39K	$99K	10x
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004334	+0.199%	$658K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0308% / S −0.0226%	1h	0.004323	−0.055%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004324	−0.032%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004321	−0.094%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0348%	1h	0.004326	+0.023%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.032%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0686%	1h	0.004328	+0.051%	$1.3M	$3.5M	50x	as long as short