Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0222%/8h= −24.3% APRpaid last 24h −0.067%

Price spread now: HTX against RISEx−0.080%7-day average −0.074% · 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−$164as in the Price arb table

costs, in and out, $10k−$1641.637% of the position

Long on RISEx Short on HTX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.194%−$19 on $10k

Price spread, last 3 days (all we have)−0.070%−$7 · spread now −0.080%, 7d avg −0.074%

Together, before fees−0.264%−$26 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.074%, so right now this pair is about funding alone: −$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx PUMP/USDC	0.004420	0.0322	pay 0.0040% / 1h	38m 34s	$482K	$989K	10x
Short	HTX PUMP-USDT	0.004416	0.0100	get 0.0050% / 4h	2h 38m	$21K	$118K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.080%Rate

Funding earned: −$46.66
Price spread: −0.080% → −0.074%: −$0.65
Slippage, 4 orders: −$145.67
Fee RISEx: 3 bp × 2 orders: −$6
Fee HTX: 6 bp × 2 orders: −$12
Net: −$210.98
Costs to cover: 1.637%
Break-even: never at this rate

Slippage from RISEx: live order book, 35 min ago; HTX: live order book, 27 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, 35 min ago	2.23 bp	5.2 bp −$5	14.4 bp −$144	doesn't fit	doesn't fit
Sell HTX live order book, 27 min ago	14.49 bp	68.8 bp −$69	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	−0.0060%	1h	0.004417	−0.052%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004418	−0.035%	$18K	$201K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004421	+0.033%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004422	+0.052%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0063%	4h	0.004422	+0.056%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004421	+0.033%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.442%	$27K	$768K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004417	−0.046%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004420	+0.021%	$701K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004419	−0.012%	$494K	$653K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004419	−0.018%	$79.5M	$165.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004418	−0.035%	$23.7M	$96.7M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004409	−0.241%	$21K	$167K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004416	−0.080%	$39K	$63K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004417	−0.058%	$4.8M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004420	+0.010%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004415	−0.103%	$17.5M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004417	−0.058%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004423	+0.071%	$787K	$186K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004420	+0.011%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004408	−0.268%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004423	+0.078%	$139K	$756K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004423	+0.078%	$104K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004421	+0.026%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004421	+0.033%	$1K	$734K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004422	+0.056%	$277	$7K	10x	as long as short
HTX PUMP-USDTshort	+0.0100%	4h	0.004416	−0.080%	$21K	$118K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004421	+0.033%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004418	−0.026%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004414	−0.114%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004418	−0.035%	$70K	$8K	3x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004420	+0.010%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004402	−0.406%	$41K	$103K	10x	as long as short
RISEx PUMP/USDClong	+0.0322%	1h	0.004420	long leg	$482K	$989K	10x
BloFin PUMP-USDT	+0.0340%	4h	0.004407	−0.284%	$3.6M	$4.2M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004419	−0.016%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0362% / S −0.0302%	1h	0.004421	+0.033%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004423	+0.078%	$715K	$5.6M	50x	as long as short
Hyperliquid PUMP	+0.0480%	1h	0.004426	+0.146%	$163.4M	$53.1M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004414	−0.125%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0717%	1h	0.004410	−0.213%	$586	$111K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1257%	1h	0.004426	+0.150%	$1.3M	$3.1M	50x	as long as short