Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC+0.0035%/8h= +3.8% APRpaid last 24h +0.010%

Price spread now: BloFin against GMX−0.418%51s7-day average — · you buy dearer than you sell

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

Long on GMX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 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. BloFin is 0.418% cheaper against GMX than usual: you would sell low and buy high (spread −0.418% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$42 on $10k: about 40 days of funding at the current rate (+$1 a day). The two prices were read 51 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	GMX PUMP/USD [WBTC.b-USDC]	0.004548	L +0.0305% / S −0.0278%	pay 0.0038% / 1h	48m 01s	$66K	—	100x
Short	BloFin PUMP-USDT	0.004529	0.0340	get 0.0170% / 4h	48m 01s	$3.9M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against GMX. 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 GMXbpFee BloFinbpOrdersPrice spread, now −0.418%Rate

Funding earned: $7.35
Price spread: −0.418% → 0.000%: −$41.78
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$58.43
Costs to cover: 0.240%
Break-even: 62.7 days

Slippage unknown: GMX: no order-book sample; BloFin: live order book, 3 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 3 min ago	1.10 bp	15.6 bp −$16	25.4 bp −$254	49.2 bp −$4,917	125.0 bp −$62.5K

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 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
Perpl PUMP	−0.0112%	43m	0.004547	−0.022%	$18K	$281K	20x	as long as short
Gate PUMP_USDT	−0.0102%	4h	0.004545	−0.066%	$4.9M	$9.8M	75x	as long as short
dYdX PUMP-USD	−0.0084%	1h	0.004548	−0.003%	$21K	$12K	5x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004548	+0.010%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004551	+0.066%	$3.0M	$2.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.055%	$32K	$597K	20x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004552	+0.088%	$169.2M	$46.6M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004544	−0.091%	$851K	$1.8M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004552	+0.088%	$513K	$847K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004547	−0.022%	$82.7M	$175.5M	75x	as long as short

Show all 42 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004545	−0.066%	$24.9M	$104.5M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004539	−0.204%	$27K	$138K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004550	+0.044%	$50K	$158K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004549	+0.022%	$25.0M	$13.3M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004546	−0.044%	$18.1M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004545	−0.066%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004547	−0.033%	$829K	$223K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004534	−0.311%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004533	−0.324%	$1.3M	$10.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004537	−0.242%	$121K	$789K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004550	+0.044%	$86K	$1.9M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004551	+0.066%	$46K	$5K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004550	+0.054%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004548	0.000%	$1K	$777K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004550	+0.044%	$643	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004546	−0.044%	$21K	$129K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004548	0.000%	$1.9M	$3.8M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004555	+0.152%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004547	−0.023%	$3.9M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004550	+0.044%	$67K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0116%	1h	0.004549	+0.033%	$1.6M	$2.1M	10x	as long as short
Injective PUMP/USDC PERP	+0.0174%	1h	0.004569	+0.462%	$36K	$205K	12x	as long as short
01 Exchange PUMPUSD	+0.0272%	1h	0.004552	+0.088%	$6K	$333	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]long	L +0.0305% / S −0.0278%	1h	0.004548	long leg	$66K	—	100x
Phoenix PUMP	+0.0314%	1h	0.004538	−0.211%	$44K	$145K	10x	as long as short
BloFin PUMP-USDTshort	+0.0340%	4h	0.004529	−0.418%	$3.9M	$4.5M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004547	−0.015%	$2	—	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0409%	1h	0.004552	+0.088%	$69K	$100K	25x	as long as short
RISEx PUMP/USDC	+0.0516%	1h	0.004551	+0.066%	$568K	$827K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004551	+0.066%	$695K	$6.2M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0718%	1h	0.004553	+0.113%	$1.1M	$3.1M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0851%	1h	0.004552	+0.079%	$689	$118K	10x	as long as short