Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0582%/8h= +63.8% APRpaid last 24h +0.069%

Price spread now: RISEx against Gate−0.002%7-day average +0.038% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$490.491% of the position

Long on Gate Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.217%+$22 on $10k

Price spread, last 7 days+0.039%+$4 · spread now −0.002%, 7d avg +0.038%

Together, before fees+0.256%+$26 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.040% cheaper against Gate than usual: you would sell low and buy high (spread −0.002% now, against its 7-day average of +0.038%). If the spread goes back, that is −$4 on $10k: about 6 hours of funding at the current rate (+$17 a day). At the pace of the last 4 days (+0.217% in total) that is about 16 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PUMP_USDT	0.004494	0.0100	pay 0.0050% / 4h	2h 35m	$5.0M	$10.4M	75x
Short	RISEx PUMP/USDC	0.004494	0.0682	get 0.0085% / 1h	35m 22s	$534K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against Gate. 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 GatebpFee RISExbpOrdersPrice spread, now −0.002%Rate

Funding earned: $122.3
Price spread: −0.002% → +0.038%: −$4.01
Slippage, 4 orders: −$28.09
Fee Gate: 7.5 bp × 2 orders: −$15
Fee RISEx: 3 bp × 2 orders: −$6
Net: $69.21
Costs to cover: 0.491%
Break-even: 3.0 days

Slippage from Gate: live order book, 3 min ago; RISEx: live order book, 3 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 Gate live order book, 3 min ago	4.51 bp	17.8 bp −$18	41.4 bp −$414	80.3 bp −$8,033	doesn't fit
Sell RISEx live order book, 3 min ago	2.25 bp	5.3 bp −$5	13.8 bp −$138	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	−0.0016%	1h	0.004494	+0.007%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004497	+0.067%	$18K	$242K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004499	+0.111%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004496	+0.045%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.092%	$29K	$623K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004500	+0.145%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004498	+0.090%	$716K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004495	+0.022%	$541K	$767K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004502	+0.178%	$82.7M	$166.3M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004498	+0.089%	$24.6M	$95.4M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004453	−0.903%	$31K	$166K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004493	−0.022%	$65K	$101K	10x	as long as short
Gate PUMP_USDTlong	+0.0100%	4h	0.004494	long leg	$5.0M	$10.4M	75x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004502	+0.178%	$24.1M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004501	+0.156%	$17.9M	$18.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004501	+0.156%	—	$13.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004449	−0.997%	$801K	$203K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004443	−1.126%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004450	−0.981%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004450	−0.979%	$150K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004502	+0.178%	$112K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004447	−1.046%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004446	−1.073%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004447	−1.046%	$2K	$740K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004447	−1.046%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004445	−1.090%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004448	−1.024%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004490	−0.082%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004446	−1.068%	$66K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0104%	8h	0.004497	+0.073%	$43K	$276	5x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004497	+0.067%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0312%	1h	0.004502	+0.178%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004447	−1.046%	$3.7M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004503	+0.196%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004438	−1.255%	$45K	$119K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0425%	1h	0.004449	−1.001%	$69K	$115K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004453	−0.912%	$709K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0515%	1h	0.004506	+0.267%	$168.5M	$49.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004444	−1.113%	$38K	$204K	12x	as long as short
RISEx PUMP/USDCshort	+0.0682%	1h	0.004494	−0.002%	$534K	$1.0M	10x
Kraken Futures PF_PUMPUSD	+0.0823%	1h	0.004451	−0.962%	$1.0M	$3.2M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1057%	1h	0.004462	−0.711%	$715	$104K	10x	as long as short