Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0538%/8h= −58.9% APRpaid last 24h −0.068%

Price spread now: Phemex against RISEx+0.113%7-day average −0.036% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$71as in the Price arb table

costs, in and out, $10k−$860.859% of the position

Long on RISEx Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.207%−$21 on $10k

Price spread, last 4 days (all we have)−0.195%−$19 · spread now +0.113%, 7d avg −0.036%

Together, before fees−0.402%−$40 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Phemex is 0.149% dearer against RISEx than usual: you sell high and buy low (spread +0.113% now, against its 7-day average of −0.036%): +$15 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 22 hours. At the pace of the last 4 days (−0.207% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx PUMP/USDC	0.004442	0.0638	pay 0.0080% / 1h	45m 14s	$528K	$1.0M	10x
Short	Phemex PUMPUSDT	0.004447	0.0100	get 0.0050% / 4h	3h 45m	$2.0M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.113%Rate

Funding earned: −$112.96
Price spread: +0.113% → −0.036%: $14.88
Slippage, 4 orders: −$67.94
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$184.02
Costs to cover: 0.859%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; Phemex: live order book, 4 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, 3 min ago	2.24 bp	5.2 bp −$5	14.1 bp −$141	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	11.22 bp	47.7 bp −$48	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	−0.7961%	1h	0.004439	−0.063%	$20K	$11K	5x	as long as short
Gate PUMP_USDT	−0.0484%	4h	0.004442	0.000%	$4.9M	$10.4M	75x	as long as short
Perpl PUMP	−0.0112%	43m	0.004441	−0.023%	$18K	$239K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004444	+0.052%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004448	+0.135%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.946%	$29K	$693K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004439	−0.056%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004443	+0.027%	$704K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004438	−0.090%	$495K	$822K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004446	+0.099%	$81.1M	$171.1M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004447	+0.113%	$24.3M	$97.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004455	+0.281%	$31K	$188K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004442	0.000%	$62K	$99K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004447	+0.113%	$23.8M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004446	+0.090%	$17.5M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004447	+0.113%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004446	+0.088%	$793K	$209K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004454	+0.259%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004444	+0.041%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004455	+0.293%	$148K	$753K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004444	+0.045%	$105K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004445	+0.068%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004445	+0.068%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004436	−0.135%	$2K	$762K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004445	+0.068%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004434	−0.180%	$21K	$105K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004447	+0.113%	$2.0M	$4.0M	20x
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004438	−0.092%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004445	+0.068%	$66K	$13K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0200%	1h	0.004447	+0.113%	$71K	$122K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004443	+0.023%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0304%	1h	0.004445	+0.073%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004450	+0.180%	$3.6M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004455	+0.286%	$42K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004442	−0.005%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0360%	1h	0.004442	0.000%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004444	+0.045%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004447	+0.113%	$706K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0581%	1h	0.004453	+0.248%	$166.8M	$54.5M	10x	as long as short
RISEx PUMP/USDClong	+0.0638%	1h	0.004442	long leg	$528K	$1.0M	10x
Kraken Futures PF_PUMPUSD	+0.0659%	1h	0.004448	+0.142%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1027%	1h	0.004446	+0.089%	$317	$112K	10x	as long as short