Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0203%/8h= −22.2% APRpaid last 24h −0.056%

Price spread now: Phemex against GMX+0.022%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 Phemex

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—needs both histories

The price spread pays, funding is against you. Phemex is 0.022% dearer against GMX than usual: you sell high and buy low (spread +0.022% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PUMP/USD [WBTC.b-USDC]	0.004506	L +0.0303% / S −0.0274%	pay 0.0038% / 1h	4m 18s	$64K	—	100x
Short	Phemex PUMPUSDT	0.004507	0.0100	get 0.0050% / 4h	1h 04m	$2.0M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.022%Rate

Funding earned: −$42.59
Price spread: +0.022% → 0.000%: $2.22
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$64.37
Costs to cover: 0.240%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Phemex: live order book, 4 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 Phemex live order book, 4 min ago	7.73 bp	33.4 bp −$33	doesn't fit	doesn't fit	doesn't fit

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 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	−0.0005%	1h	0.004505	−0.022%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004505	−0.022%	$18K	$268K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004506	−0.007%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0074%	4h	0.004503	−0.067%	$5.0M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004509	+0.067%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.133%	$29K	$647K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004507	+0.019%	$825K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004507	+0.022%	$532K	$859K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004507	+0.019%	$82.5M	$172.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004503	−0.067%	$24.8M	$98.2M	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	0.004523	+0.379%	$27K	$151K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004507	+0.022%	$65K	$100K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004509	+0.067%	$24.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004506	0.000%	$17.7M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004506	0.000%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004508	+0.033%	$807K	$200K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004528	+0.480%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004528	+0.486%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004530	+0.533%	$153K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004509	+0.067%	$105K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004506	0.000%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004528	+0.483%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004505	−0.022%	$2K	$770K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004506	0.000%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004502	−0.089%	$21K	$83K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004507	+0.022%	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004506	+0.009%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004505	−0.018%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004505	−0.022%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0194%	1h	0.004508	+0.044%	$69K	$116K	25x	as long as short
Nado PUMP-PERP	+0.0210%	1h	0.004507	+0.033%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]long	L +0.0303% / S −0.0274%	1h	0.004506	long leg	$64K	—	100x
01 Exchange PUMPUSD	+0.0312%	1h	0.004507	+0.022%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004510	+0.089%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004506	−0.005%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004538	+0.721%	$48K	$139K	10x	as long as short
Hyperliquid PUMP	+0.0499%	1h	0.004511	+0.111%	$168.6M	$51.1M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004519	+0.289%	$728K	$5.9M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0548%	1h	0.004508	+0.034%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004530	+0.533%	$38K	$205K	12x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004508	+0.033%	$537K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1008%	1h	0.004521	+0.331%	$500	$112K	10x	as long as short