Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0582%/8h= −63.8% APRpaid last 24h −0.068%

Price spread now: BingX against RISEx−0.160%7-day average −0.047% · 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−$39as in the Price arb table

costs, in and out, $10k−$280.280% of the position

Long on RISEx Short on BingX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.215%−$21 on $10k

Price spread, last 7 days+0.109%+$11 · spread now −0.160%, 7d avg −0.047%

Together, before fees−0.106%−$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and BingX is 0.113% cheaper against RISEx than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.047%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx PUMP/USDC	0.004458	0.0682	pay 0.0085% / 1h	29m 18s	$529K	$1.0M	10x
Short	BingX PUMP-USDT	0.004451	0.0100	get 0.0050% / 4h	2h 29m	—	$13.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against RISEx. 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 RISExbpFee BingXbpOrdersPrice spread, now −0.160%Rate

Funding earned: −$122.3
Price spread: −0.160% → −0.047%: −$11.28
Slippage, 4 orders: −$11.97
Fee RISEx: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$161.56
Costs to cover: 0.280%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; BingX: live order book, 9 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 RISEx live order book, 4 min ago	3.37 bp	6.4 bp −$6	16.9 bp −$169	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	1.13 bp	8.2 bp −$8	15.4 bp −$154	54.5 bp −$5,450	156.5 bp −$78.3K

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	−0.0013%	1h	0.004453	−0.109%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004453	−0.115%	$18K	$244K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004451	−0.150%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004456	−0.047%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.304%	$29K	$637K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004453	−0.103%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004453	−0.118%	$708K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004454	−0.092%	$536K	$774K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004453	−0.113%	$81.7M	$167.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004450	−0.182%	$24.4M	$94.7M	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	0.004458	−0.009%	$26K	$166K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004458	−0.003%	$65K	$103K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004451	−0.160%	$4.9M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004457	−0.025%	$23.9M	$13.7M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004449	−0.204%	$17.6M	$18.9M	75x	as long as short
BingX PUMP-USDTshort	+0.0100%	4h	0.004451	−0.160%	—	$13.8M	—
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004456	−0.059%	$802K	$203K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004455	−0.075%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004439	−0.429%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004457	−0.025%	$150K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004459	+0.020%	$113K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004451	−0.160%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004450	−0.189%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004452	−0.137%	$2K	$748K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004455	−0.070%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004451	−0.160%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004455	−0.070%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004453	−0.108%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004446	−0.272%	$66K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0104%	8h	0.004456	−0.055%	$42K	$276	5x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0200%	1h	0.004450	−0.182%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004459	+0.020%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004440	−0.406%	$3.7M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004454	−0.096%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004441	−0.375%	$45K	$119K	10x	as long as short
Hyperliquid PUMP	+0.0455%	1h	0.004459	+0.020%	$166.2M	$49.7M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004463	+0.110%	$708K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004447	−0.249%	$38K	$204K	12x	as long as short
RISEx PUMP/USDClong	+0.0682%	1h	0.004458	long leg	$529K	$1.0M	10x
Kraken Futures PF_PUMPUSD	+0.0822%	1h	0.004456	−0.058%	$1.0M	$3.3M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0873%	1h	0.004458	−0.003%	$69K	$115K	25x	as long as short
Aftermath Perps PUMPUSD	+0.1129%	1h	0.004455	−0.070%	$516	$106K	10x	as long as short