Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0064%/8h= +7.0% APRpaid last 24h +0.054%

Price spread now: Phoenix against Aster+0.079%85s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Aster Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.079% dearer against Aster than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster PUMPUSDT	0.004377	0.0100	pay 0.0050% / 4h	5m 57s	$727K	$2.3M	50x
Short	Phoenix PUMP	0.004380	0.0164	get 0.0020% / 1h	5m 57s	$39K	$100K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Aster. 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 AsterbpFee PhoenixbpOrdersPrice spread, now +0.079%Rate

Funding earned: $13.42
Price spread: +0.079% → 0.000%: $7.93
Slippage, 4 orders: no order book: not counted
Fee Aster: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $6.35
Costs to cover: 0.150%
Break-even: 3.7 days

Slippage unknown: Aster: live order book, 2 min ago; Phoenix: no order-book sample. Net counts fees only.

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 Aster live order book, 2 min ago	3.42 bp	9.9 bp −$10	22.8 bp −$228	doesn't fit	doesn't fit
Sell Phoenix no order-book sample	—	—	—	—	—

Phoenix: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0049%	1h	0.004379	+0.055%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004376	−0.024%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004378	+0.022%	$69K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004377	+0.002%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0019%	4h	0.004377	−0.001%	$22.9M	$97.2M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0027%	4h	0.004375	−0.046%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004376	−0.024%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.760%	$30K	$773K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004376	−0.027%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004375	−0.035%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDTlong	+0.0100%	4h	0.004377	long leg	$727K	$2.3M	50x
Pacifica PUMP	+0.0100%	1h	0.004378	+0.022%	$459K	$604K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004376	−0.021%	$78.2M	$164.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004376	−0.030%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004376	−0.024%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004376	−0.024%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004378	+0.022%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004377	−0.001%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004377	−0.001%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004376	−0.014%	$780K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004375	−0.057%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004378	+0.015%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004378	+0.022%	$138K	$762K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004380	+0.068%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004377	−0.005%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004377	−0.001%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004375	−0.046%	$275	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004380	+0.068%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004376	−0.024%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004377	−0.009%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004375	−0.046%	$72K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0148%	1h	0.004383	+0.136%	$161.1M	$53.3M	10x	as long as short
Phoenix PUMPshort	+0.0164%	1h	0.004380	+0.079%	$39K	$100K	10x
Injective PUMP/USDC PERP	+0.0182%	1h	0.004382	+0.114%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004377	+0.009%	$489K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004378	+0.022%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004382	+0.114%	$694K	$5.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0330% / S −0.0259%	1h	0.004376	−0.024%	$71K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004377	−0.001%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004375	−0.049%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0485%	1h	0.004377	−0.010%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0862%	1h	0.004381	+0.084%	$1.3M	$3.5M	50x	as long as short