Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h −0.039%

Price spread now: Phoenix against BloFin−0.132%7-day average +0.073% · you buy dearer than you sell

Net, funding: paid 7d − costs−$89as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$560.563% of the position

Long on BloFin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.330%−$33 on $10k

Price spread, last 4 days (all we have)+0.138%+$14 · spread now −0.132%, 7d avg +0.073%

Together, before fees−0.192%−$19 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: Phoenix is 0.205% cheaper against BloFin than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.073%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PUMP-USDT	0.004460	0.0340	pay 0.0170% / 4h	3h 49m	$3.7M	$4.5M	75x
Short	Phoenix PUMP	0.004454	0.0342	get 0.0043% / 1h	49m 32s	$42K	$119K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against BloFin. 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 BloFinbpFee PhoenixbpOrdersPrice spread, now −0.132%Rate

Funding earned: $0.41
Price spread: −0.132% → +0.073%: −$20.54
Slippage, 4 orders: −$37.3
Fee BloFin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$76.43
Costs to cover: 0.563%
Break-even: 1313.8 days

Slippage from BloFin: live order book, 4 min ago; Phoenix: live order book, 53 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 BloFin live order book, 4 min ago	1.12 bp	9.1 bp −$9	12.4 bp −$124	32.5 bp −$3,254	130.5 bp −$65.3K
Sell Phoenix live order book, 53 min ago	2.06 bp	16.2 bp −$16	50.5 bp −$505	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	−1.1146%	1h	0.004442	−0.399%	$20K	$11K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004439	−0.471%	$18K	$239K	20x	as long as short
Gate PUMP_USDT	−0.0048%	4h	0.004441	−0.426%	$4.9M	$10.4M	75x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004435	−0.561%	$70K	$122K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004437	−0.520%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004445	−0.336%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.345%	$29K	$693K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004441	−0.415%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004442	−0.407%	$704K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004443	−0.381%	$495K	$822K	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	0.004445	−0.338%	$81.0M	$171.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004440	−0.448%	$24.2M	$97.5M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004451	−0.209%	$31K	$187K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004444	−0.359%	$62K	$99K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004446	−0.314%	$23.8M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004441	−0.426%	$17.5M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004441	−0.426%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004438	−0.502%	$791K	$209K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004444	−0.362%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004449	−0.244%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004444	−0.359%	$147K	$756K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004442	−0.404%	$104K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004436	−0.538%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004435	−0.566%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004438	−0.493%	$2K	$766K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004438	−0.493%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004445	−0.336%	$21K	$105K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004440	−0.448%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004442	−0.403%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004434	−0.583%	$66K	$13K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004434	−0.583%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0304%	1h	0.004441	−0.420%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDTlong	+0.0340%	4h	0.004460	long leg	$3.7M	$4.5M	75x
Phoenix PUMPshort	+0.0342%	1h	0.004454	−0.132%	$42K	$119K	10x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004439	−0.475%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0352%	1h	0.004446	−0.314%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004454	−0.135%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004440	−0.448%	$705K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0550%	1h	0.004451	−0.202%	$166.9M	$54.4M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004444	−0.348%	$528K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0660%	1h	0.004440	−0.454%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1035%	1h	0.004442	−0.400%	$448	$112K	10x	as long as short