Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0011%/8h= −1.2% APRpaid last 24h 0.000%

Price spread now: Phemex against Nado−0.034%7-day average +0.002% · 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−$71as in the Price arb table

costs, in and out, $10k−$680.678% of the position

Long on Nado Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.046%−$5 · spread now −0.034%, 7d avg +0.002%

Together, before fees−0.045%+ Points / potential airdropNado: Active · farm board−$4 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Phemex is 0.036% cheaper against Nado than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of +0.002%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Nado PUMP-PERP	0.004436	0.0111	pay 0.0014% / 1h	9m 05s	$1.7M	$2.0M	10x
Short	Phemex PUMPUSDT	0.004435	0.0100	get 0.0050% / 4h	1h 09m	$2.0M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against Nado. 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 NadobpFee PhemexbpOrdersPrice spread, now −0.034%Rate

Funding earned: −$2.26
Price spread: −0.034% → +0.002%: −$3.61
Slippage, 4 orders: −$48.82
Fee Nado: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$73.69
Costs to cover: 0.678%
Break-even: never at this rate

Slippage from Nado: live order book, 5 min ago; Phemex: live order book, 5 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 Nado live order book, 5 min ago	2.24 bp	7.5 bp −$8	17.0 bp −$170	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	1.12 bp	29.0 bp −$29	doesn't fit	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
Perpl PUMP	−0.0112%	43m	0.004433	−0.079%	$18K	$230K	20x	as long as short
dYdX PUMP-USD	−0.0008%	1h	0.004435	−0.037%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004437	+0.011%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004436	−0.014%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004437	+0.011%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.823%	$31K	$789K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004434	−0.056%	$697K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004434	−0.056%	$482K	$786K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004436	−0.002%	$80.7M	$170.7M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004438	+0.034%	$24.2M	$97.8M	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	0.004449	+0.282%	$37K	$190K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004436	−0.011%	$60K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004434	−0.056%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004439	+0.056%	$23.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004437	+0.011%	$17.6M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004436	−0.011%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004435	−0.029%	$787K	$189K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004451	+0.323%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004451	+0.321%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004462	+0.575%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004437	+0.011%	$107K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004435	−0.034%	$41K	$10K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004436	0.000%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004434	−0.056%	$2K	$755K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004436	−0.011%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004430	−0.147%	$21K	$118K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004435	−0.034%	$2.0M	$4.0M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004434	−0.056%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004434	−0.056%	$71K	$11K	3x	as long as short
Nado PUMP-PERPlong	+0.0111%	1h	0.004436	long leg	$1.7M	$2.0M	10x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004434	−0.056%	$60K	—	100x	as long as short
Extended PUMP-USD	+0.0256%	1h	0.004435	−0.026%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0288%	1h	0.004438	+0.034%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004468	+0.710%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004438	+0.034%	$3.7M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004434	−0.065%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004452	+0.349%	$697K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0469%	1h	0.004443	+0.147%	$166.1M	$55.7M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004437	0.000%	$527K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0879%	1h	0.004458	+0.476%	$589	$116K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	+0.417%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1348%	1h	0.004437	+0.019%	$1.1M	$3.3M	50x	as long as short