Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0071%/8h= −7.7% APRpaid last 24h −0.083%

Price spread now: Gate against RISEx−0.116%7-day average −0.036% · 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−$51as in the Price arb table

costs, in and out, $10k−$430.430% of the position

Long on RISEx Short on Gate

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.191%−$19 on $10k

Price spread, last 7 days+0.068%+$7 · spread now −0.116%, 7d avg −0.036%

Together, before fees−0.123%−$12 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Gate is 0.080% cheaper against RISEx than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.036%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx PUMP/USDC	0.004318	0.0125	pay 0.0016% / 1h	6m 57s	$489K	$1.0M	10x
Short	Gate PUMP_USDT	0.004313	0.0054	get 0.0027% / 4h	2h 06m	$4.6M	$11.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.116%Rate

Funding earned: −$14.82
Price spread: −0.116% → −0.036%: −$7.99
Slippage, 4 orders: −$22
Fee RISEx: 3 bp × 2 orders: −$6
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$65.81
Costs to cover: 0.430%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Gate: live order book, 2 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, 2 min ago	2.31 bp	5.3 bp −$5	10.0 bp −$100	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	3.47 bp	15.8 bp −$16	36.1 bp −$361	69.5 bp −$6,947	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	−0.5215%	1h	0.004322	+0.089%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0233%	1h	0.004313	−0.111%	$769K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004316	−0.046%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0063%	4h	0.004311	−0.162%	$22.6M	$95.4M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0026%	4h	0.004314	−0.093%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004316	−0.046%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004316	−0.041%	$54K	—	150x	as long as short
Gate PUMP_USDTshort	+0.0054%	4h	0.004313	−0.116%	$4.6M	$11.7M	75x
01 Exchange PUMPUSD	+0.0080%	1h	0.004316	−0.046%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004314	−0.093%	$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	−0.417%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004315	−0.060%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004314	−0.081%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004318	0.000%	$158.1M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004312	−0.132%	$777K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004318	0.000%	$447K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004311	−0.162%	$76.5M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004319	+0.028%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004316	−0.046%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004314	−0.093%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004311	−0.162%	$17.0M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004310	−0.185%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004322	+0.103%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004322	+0.094%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004324	+0.139%	$136K	$771K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004319	+0.023%	$90K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004315	−0.070%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004317	−0.023%	$2K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004313	−0.116%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004315	−0.069%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004314	−0.093%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004310	−0.186%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004312	−0.139%	$71K	$18K	3x	as long as short
RISEx PUMP/USDClong	+0.0125%	1h	0.004318	long leg	$489K	$1.0M	10x
Phoenix PUMP	+0.0129%	1h	0.004325	+0.171%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004334	+0.371%	$658K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0226%	1h	0.004316	−0.046%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004311	−0.162%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0343%	1h	0.004325	+0.165%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004314	−0.087%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.139%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0687%	1h	0.004319	+0.026%	$1.3M	$3.5M	50x	as long as short