Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0192%/8h= +21.0% APRpaid last 24h +0.125%

Price spread now: GMX against Bitget−0.134%7-day average — · you buy dearer than you sell

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

Long on Bitget Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.134% cheaper against Bitget than usual: you would sell low and buy high (spread −0.134% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 2.3 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PUMPUSDT	0.004480	0.0100	pay 0.0050% / 4h	3h 11m	$17.9M	$19.2M	75x
Short	GMX PUMP/USD [WBTC.b-USDC]	0.004474	L +0.0354% / S −0.0292%	get 0.0037% / 1h	11m 25s	$74K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Bitget. 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 BitgetbpFee GMXbpOrdersPrice spread, now −0.134%Rate

Funding earned: $40.33
Price spread: −0.134% → 0.000%: −$13.39
Slippage, 4 orders: no order book: not counted
Fee Bitget: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $2.94
Costs to cover: 0.240%
Break-even: 6.5 days

Slippage unknown: Bitget: live order book, 2 min ago; GMX: 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 Bitget live order book, 2 min ago	2.23 bp	13.4 bp −$13	30.5 bp −$305	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

GMX: 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	−0.1017%	1h	0.004477	−0.067%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004474	−0.134%	$18K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004485	+0.112%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004472	−0.179%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0053%	4h	0.004482	+0.045%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004480	0.000%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.786%	$27K	$773K	20x	as long as short
OKX PUMP-USDT-SWAP	+0.0099%	4h	0.004480	0.000%	$23.5M	$98.3M	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004471	−0.190%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004479	−0.018%	$737K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004479	−0.022%	$477K	$627K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004473	−0.156%	$80.6M	$163.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004474	−0.129%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004475	−0.112%	$41K	$57K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004474	−0.134%	$4.8M	$10.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004476	−0.089%	$23.7M	$13.8M	50x	as long as short
Bitget PUMPUSDTlong	+0.0100%	4h	0.004480	long leg	$17.9M	$19.2M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004473	−0.156%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004481	+0.022%	$798K	$172K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004485	+0.110%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004482	+0.041%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004489	+0.201%	$141K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004475	−0.112%	$104K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004481	+0.018%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004484	+0.089%	$2K	$725K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004483	+0.067%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004482	+0.045%	$21K	$127K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004483	+0.067%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004479	−0.012%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004475	−0.101%	$3.7M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004475	−0.112%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004475	−0.112%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004491	+0.248%	$38K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004474	−0.134%	$499K	$990K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004479	−0.022%	$3.5M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004473	−0.160%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004491	+0.246%	$710K	$5.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]short	L +0.0354% / S −0.0292%	1h	0.004474	−0.134%	$74K	—	100x
Injective PUMP/USDC PERP	+0.0480%	1h	0.004491	+0.246%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0564%	1h	0.004481	+0.022%	$165.6M	$54.4M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0709%	1h	0.004472	−0.172%	$391	$108K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0917%	1h	0.004487	+0.164%	$1.3M	$3.1M	50x	as long as short