Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0444%/8h= −48.6% APRpaid last 24h −0.057%

Price spread now: HTX against Coinbase International−0.307%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$153as in the Funding arb table

Net, price: spread back to 7d avg − costs−$176as in the Price arb table

costs, in and out, $10k−$1531.527% of the position

Long on Coinbase International Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)+0.341%+$34 · spread now −0.307%, 7d avg −0.071%

Together, before fees+0.335%+$34 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and HTX is 0.235% cheaper against Coinbase International than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of −0.071%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.006% in total (about -0.3% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made; yellow are the hours one leg has not settled yet: what the other leg paid, plus the unsettled leg at its current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PUMP-PERP-INTX	0.004565	0.0544	pay 0.0068% / 1h	56m 37s	$705K	$6.0M	50x
Short	HTX PUMP-USDT	0.004551	0.0100	get 0.0050% / 4h	1h 56m	$23K	$127K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX against Coinbase International. 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 Coinbase InternationalbpFee HTXbpOrdersPrice spread, now −0.307%Rate

Funding earned: −$93.24
Price spread: −0.307% → −0.071%: −$23.52
Slippage, 4 orders: −$130.7
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$269.46
Costs to cover: 1.527%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; HTX: live order book, 52 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 Coinbase International live order book, 5 min ago	5.48 bp	14.6 bp −$15	19.6 bp −$196	doesn't fit	doesn't fit
Sell HTX live order book, 52 min ago	11.10 bp	101.6 bp −$102	doesn't fit	doesn't fit	doesn't fit

PUMP on 41 exchanges

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	−0.0242%	1h	0.004558	−0.159%	$21K	$12K	5x	as long as short
Gate PUMP_USDT	−0.0076%	4h	0.004553	−0.263%	$4.9M	$9.6M	75x	as long as short
Perpl PUMP	0.0000%	43m	0.004558	−0.153%	$18K	$268K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004559	−0.122%	$55K	—	150x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.424%	$33K	$590K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004554	−0.246%	$853K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004556	−0.197%	$519K	$837K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004554	−0.248%	$83.1M	$171.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004550	−0.329%	$24.9M	$102.0M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004555	−0.221%	$17K	$152K	5x	as long as short

Show all 41 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004552	−0.285%	$50K	$152K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004554	−0.241%	$25.2M	$13.5M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004550	−0.329%	$18.0M	$18.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004551	−0.307%	—	$14.5M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004560	−0.116%	$823K	$216K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004556	−0.192%	$68K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004554	−0.249%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004552	−0.285%	$162K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004566	+0.022%	$108K	$1.7M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004561	−0.088%	$43K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004564	−0.022%	$2K	$767K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004561	−0.088%	$553	$7K	10x	as long as short
HTX PUMP-USDTshort	+0.0100%	4h	0.004551	−0.307%	$23K	$127K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004558	−0.153%	$1.9M	$3.8M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004552	−0.286%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004550	−0.328%	$3.9M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004562	−0.066%	$68K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0127%	1h	0.004566	+0.033%	$1.7M	$2.0M	10x	as long as short
Lighter PUMP	+0.0136%	1h	0.004561	−0.088%	$3.0M	$2.5M	10x	as long as short
Injective PUMP/USDC PERP	+0.0251%	1h	0.004542	−0.504%	$36K	$205K	12x	as long as short
Hyperliquid PUMP	+0.0271%	1h	0.004566	+0.022%	$170.0M	$47.6M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0278%	1h	0.004560	−0.110%	$66K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004568	+0.066%	$6K	$465	10x	as long as short
Phoenix PUMP	+0.0331%	1h	0.004561	−0.096%	$44K	$144K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004564	−0.022%	$3.8M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004560	−0.101%	$2	—	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0408%	1h	0.004563	−0.044%	$70K	$102K	25x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0544%	1h	0.004565	long leg	$705K	$6.0M	50x
RISEx PUMP/USDC	+0.0558%	1h	0.004551	−0.306%	$580K	$940K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0620%	1h	0.004563	−0.036%	$1.1M	$2.9M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0992%	1h	0.004559	−0.131%	$704	$98K	10x	as long as short