Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0664%/8h= −72.8% APRpaid last 24h −0.085%

Price spread now: OKX against RISEx−0.130%7-day average −0.049% · 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−$38as in the Price arb table

costs, in and out, $10k−$300.296% of the position

Long on RISEx Short on OKX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.240%−$24 on $10k

Price spread, last 7 days+0.107%+$11 · spread now −0.130%, 7d avg −0.049%

Together, before fees−0.133%−$13 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$20 a day on $10k at the current rate, and OKX is 0.081% cheaper against RISEx than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.049%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.240% in total (about -23.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx PUMP/USDC	0.004538	0.0764	pay 0.0096% / 1h	19m 22s	$541K	$1.1M	10x
Short	OKX PUMP-USDT-SWAP	0.004532	0.0100	get 0.0050% / 4h	1h 19m	$24.9M	$99.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.130%Rate

Funding earned: −$139.53
Price spread: −0.130% → −0.049%: −$8.13
Slippage, 4 orders: −$13.63
Fee RISEx: 3 bp × 2 orders: −$6
Fee OKX: 5 bp × 2 orders: −$10
Net: −$177.3
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; OKX: 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 RISEx live order book, 4 min ago	2.20 bp	5.2 bp −$5	10.2 bp −$102	doesn't fit	doesn't fit
Sell OKX live order book, 5 min ago	1.10 bp	10.7 bp −$11	23.7 bp −$237	134.1 bp −$13.4K	doesn't fit

PUMP on 41 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	−0.0007%	1h	0.004531	−0.152%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004535	−0.064%	$18K	$262K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004526	−0.264%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004536	−0.042%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.836%	$29K	$642K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004535	−0.054%	$830K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004534	−0.086%	$535K	$853K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004535	−0.063%	$83.1M	$172.3M	75x	as long as short
OKX PUMP-USDT-SWAPshort	+0.0100%	4h	0.004532	−0.130%	$24.9M	$99.1M	50x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004534	−0.091%	$27K	$162K	5x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004535	−0.064%	$65K	$100K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004533	−0.108%	$5.0M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004538	+0.002%	$24.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004534	−0.086%	$17.8M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004533	−0.108%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004537	−0.011%	$812K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004533	−0.103%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004534	−0.077%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004534	−0.086%	$153K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004539	+0.024%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004533	−0.108%	$43K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004533	−0.108%	$2K	$769K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004533	−0.108%	$284	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004526	−0.263%	$22K	$83K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004540	+0.046%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0104%	8h	0.004534	−0.091%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004532	−0.123%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004535	−0.064%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0191%	1h	0.004535	−0.064%	$69K	$116K	25x	as long as short
Nado PUMP-PERP	+0.0202%	1h	0.004535	−0.053%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0273% / S −0.0200%	1h	0.004534	−0.086%	$55K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004539	+0.024%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004529	−0.197%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004535	−0.069%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004540	+0.046%	$48K	$139K	10x	as long as short
Hyperliquid PUMP	+0.0511%	1h	0.004543	+0.112%	$169.7M	$51.2M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004544	+0.134%	$728K	$5.8M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0544%	1h	0.004534	−0.083%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004538	+0.002%	$38K	$205K	12x	as long as short
RISEx PUMP/USDClong	+0.0764%	1h	0.004538	long leg	$541K	$1.1M	10x
Aftermath Perps PUMPUSD	+0.1049%	1h	0.004533	−0.115%	$501	$112K	10x	as long as short