Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Phemex against ApeX Omni+0.204%7-day average −0.057% · you sell dearer than you buy

Net, funding: paid 7d − costs−$105as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$1061.058% of the position

Long on ApeX Omni Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.004%$0 on $10k

Price spread, last 3 days (all we have)−0.151%−$15 · spread now +0.204%, 7d avg −0.057%

Together, before fees−0.147%−$15 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.261% dearer against ApeX Omni than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.057%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PUMPUSDT	0.004408	0.0100	pay 0.0013% / 1h	43m 10s	$139K	$759K	50x
Short	Phemex PUMPUSDT	0.004417	0.0100	get 0.0050% / 4h	2h 43m	$2.0M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against ApeX Omni. 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 ApeX OmnibpFee PhemexbpOrdersPrice spread, now +0.204%Rate

Funding earned: $0
Price spread: +0.204% → −0.057%: $26.08
Slippage, 4 orders: −$83.81
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$79.73
Costs to cover: 1.058%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 26 min ago; Phemex: live order book, 6 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 ApeX Omni live order book, 26 min ago	7.83 bp	15.3 bp −$15	101.6 bp −$1,016	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	7.94 bp	32.1 bp −$32	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	−0.0079%	1h	0.004424	+0.370%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004422	+0.318%	$18K	$200K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004418	+0.227%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004422	+0.316%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0061%	4h	0.004417	+0.204%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004418	+0.227%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.181%	$27K	$769K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004420	+0.284%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004418	+0.229%	$701K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004427	+0.431%	$497K	$650K	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	0.004405	−0.057%	$79.0M	$165.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004402	−0.136%	$23.6M	$96.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004397	−0.259%	$26K	$167K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004425	+0.386%	$40K	$60K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004417	+0.204%	$4.8M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004418	+0.227%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004407	−0.023%	$17.4M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004406	−0.045%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004411	+0.059%	$785K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004406	−0.054%	$64K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004400	−0.174%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDTlong	+0.0100%	1h	0.004408	long leg	$139K	$759K	50x
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004427	+0.431%	$104K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004418	+0.217%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004420	+0.272%	$2K	$732K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004417	+0.204%	$277	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004422	+0.318%	$21K	$118K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004417	+0.204%	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004427	+0.422%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004416	+0.190%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004416	+0.181%	$70K	$8K	3x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004428	+0.454%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004398	−0.234%	$41K	$103K	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004427	+0.431%	$483K	$995K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004407	−0.023%	$3.6M	$4.2M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004420	+0.268%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0360% / S −0.0301%	1h	0.004421	+0.295%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004424	+0.363%	$703K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0465%	1h	0.004414	+0.136%	$162.9M	$54.2M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004404	−0.091%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0710%	1h	0.004411	+0.067%	$386	$111K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1259%	1h	0.004421	+0.291%	$1.3M	$3.1M	50x	as long as short