Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0919%/8h= −100.6% APRpaid last 24h −0.143%

Price spread now: Phemex against Aftermath Perps−0.069%7-day average −0.071% · 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−$105as in the Price arb table

costs, in and out, $10k−$1061.055% of the position

Long on Aftermath Perps Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.434%−$43 on $10k

Price spread, last 4 days (all we have)−0.312%−$31 · spread now −0.069%, 7d avg −0.071%

Together, before fees−0.746%−$75 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.071%, so right now this pair is about funding alone: −$28 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps PUMPUSD	0.004557	0.1019	pay 0.0127% / 1h	49m 08s	$504	$111K	10x
Short	Phemex PUMPUSDT	0.004554	0.0100	get 0.0050% / 4h	3h 49m	$2.0M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Aftermath Perps. 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 Aftermath PerpsbpFee PhemexbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$192.92
Price spread: −0.069% → −0.071%: $0.18
Slippage, 4 orders: −$84.54
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$298.28
Costs to cover: 1.055%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 50 min ago; Phemex: 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 Aftermath Perps live order book, 50 min ago	5.01 bp	24.5 bp −$24	doesn't fit	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	3.29 bp	20.3 bp −$20	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	0.0000%	1h	0.004546	−0.240%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004557	−0.003%	$18K	$268K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004554	−0.070%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004555	−0.047%	$3.0M	$4.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.254%	$32K	$659K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004553	−0.081%	$860K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004550	−0.157%	$523K	$884K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004556	−0.025%	$83.4M	$176.3M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004553	−0.091%	$25.1M	$103.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004544	−0.287%	$27K	$163K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004556	−0.025%	$50K	$140K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004551	−0.135%	$4.9M	$9.9M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004555	−0.047%	$24.7M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004556	−0.025%	$17.8M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004553	−0.091%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004557	−0.010%	$817K	$214K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004555	−0.042%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004557	−0.004%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004557	−0.003%	$162K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004555	−0.047%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004555	−0.047%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004555	−0.044%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004552	−0.113%	$2K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004553	−0.091%	$259	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004553	−0.091%	$25K	$121K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004554	−0.069%	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004551	−0.143%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004554	−0.061%	$3.8M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004552	−0.113%	$68K	$10K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004554	−0.069%	$65K	—	100x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004555	−0.056%	$44K	$146K	10x	as long as short
Hyperliquid PUMP	+0.0334%	1h	0.004560	+0.062%	$170.5M	$51.1M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004555	−0.047%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004552	−0.118%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	+0.545%	$38K	$204K	12x	as long as short
Nado PUMP-PERP	+0.0408%	1h	0.004552	−0.102%	$1.7M	$2.2M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0408%	1h	0.004560	+0.062%	$70K	$116K	25x	as long as short
01 Exchange PUMPUSD	+0.0416%	1h	0.004558	+0.018%	$6K	$600	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004555	−0.047%	$740K	$6.1M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004559	+0.029%	$532K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0813%	1h	0.004555	−0.041%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSDlong	+0.1019%	1h	0.004557	long leg	$504	$111K	10x