Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0169%/8h= −18.5% APRpaid last 24h −0.059%

Price spread now: Paradex against GMX+0.092%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Paradex

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—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.092% dearer against GMX than usual: you sell high and buy low (spread +0.092% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PUMP/USD [WBTC.b-USDC]	0.004426	L +0.0270% / S −0.0198%	pay 0.0034% / 1h	19m 58s	$53K	—	100x
Short	Paradex PUMP-USD-PERP	0.004430	0.0101	get 0.0101% / 8h	4h 19m	$42K	$276	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.092%Rate

Funding earned: −$35.53
Price spread: +0.092% → 0.000%: $9.15
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$42.38
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Paradex: 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 GMX no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

GMX and Paradex: 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	−0.2697%	1h	0.004436	+0.229%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004426	0.000%	$18K	$238K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004428	+0.042%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004430	+0.090%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.587%	$29K	$783K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004429	+0.079%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004428	+0.056%	$702K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004431	+0.113%	$494K	$813K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004428	+0.050%	$80.7M	$174.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004425	−0.023%	$24.0M	$98.1M	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	0.004441	+0.328%	$31K	$191K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004430	+0.090%	$62K	$102K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004426	0.000%	$4.9M	$11.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004430	+0.090%	$23.7M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004426	0.000%	$17.5M	$20.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004428	+0.045%	—	$13.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004427	+0.029%	$788K	$204K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004432	+0.136%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004430	+0.088%	$1.2M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004436	+0.226%	$147K	$756K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004430	+0.090%	$102K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004427	+0.023%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004426	+0.009%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004428	+0.045%	$2K	$773K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004428	+0.045%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004418	−0.181%	$21K	$110K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004431	+0.113%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERPshort	+0.0101%	8h	0.004430	+0.092%	$42K	$276	5x
Aevo PUMP-PERP	+0.0104%	1h	0.004425	−0.023%	$71K	$8K	3x	as long as short
Extended PUMP-USD	+0.0240%	1h	0.004427	+0.030%	$3.9M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004430	+0.090%	$6K	$625	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]long	L +0.0270% / S −0.0198%	1h	0.004426	long leg	$53K	—	100x
BloFin PUMP-USDT	+0.0340%	4h	0.004430	+0.090%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004427	+0.016%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004436	+0.230%	$42K	$120K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0428%	1h	0.004430	+0.090%	$70K	$122K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004440	+0.316%	$703K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0466%	1h	0.004435	+0.203%	$166.2M	$55.6M	10x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004431	+0.117%	$526K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004432	+0.136%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0800%	1h	0.004429	+0.067%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0953%	1h	0.004428	+0.038%	$585	$114K	10x	as long as short