Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0664%/8h= +72.8% APRpaid last 24h +0.085%

Price spread now: RISEx against OKX+0.177%46s7-day average +0.049% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.311% of the position

Long on OKX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.240%+$24 on $10k

Price spread, last 7 days−0.154%−$15 · spread now +0.177%, 7d avg +0.049%

Together, before fees+0.086%+$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$20 a day on $10k at the current rate, and RISEx is 0.128% dearer against OKX than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.049%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid 0.240% in total (about 23.8% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PUMP-USDT-SWAP	0.004530	0.0100	pay 0.0050% / 4h	1h 46m	$24.8M	$99.1M	50x
Short	RISEx PUMP/USDC	0.004538	0.0764	get 0.0096% / 1h	46m 48s	$552K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx against OKX. 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 OKXbpFee RISExbpOrdersPrice spread, now +0.177%Rate

Funding earned: $139.53
Price spread: +0.177% → +0.049%: $12.75
Slippage, 4 orders: −$15.13
Fee OKX: 5 bp × 2 orders: −$10
Fee RISEx: 3 bp × 2 orders: −$6
Net: $121.15
Costs to cover: 0.311%
Break-even: 0.9 days

Slippage from OKX: live order book, 2 min ago; RISEx: live order book, 2 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 OKX live order book, 2 min ago	1.10 bp	8.7 bp −$9	22.1 bp −$221	197.4 bp −$19.7K	doesn't fit
Sell RISEx live order book, 2 min ago	3.30 bp	6.3 bp −$6	17.0 bp −$170	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	0.0000%	1h	0.004526	−0.084%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004532	+0.044%	$18K	$258K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004527	−0.059%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004531	+0.022%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.662%	$29K	$630K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004528	−0.039%	$846K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004529	−0.022%	$537K	$847K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004528	−0.039%	$83.2M	$171.1M	75x	as long as short
OKX PUMP-USDT-SWAPlong	+0.0100%	4h	0.004530	long leg	$24.8M	$99.1M	50x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004517	−0.283%	$27K	$161K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004532	+0.044%	$65K	$100K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004527	−0.066%	$5.0M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004532	+0.044%	$24.6M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004530	0.000%	$18.0M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004530	0.000%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004529	−0.031%	$809K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004520	−0.218%	$68K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004523	−0.152%	$1.3M	$10.3M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004517	−0.287%	$153K	$743K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004535	+0.110%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004526	−0.088%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004526	−0.093%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004524	−0.132%	$2K	$762K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004529	−0.022%	$284	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004525	−0.110%	$22K	$85K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004529	−0.022%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004527	−0.061%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004524	−0.132%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0106%	8h	0.004527	−0.058%	$43K	$276	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0192%	1h	0.004527	−0.066%	$70K	$115K	25x	as long as short
Nado PUMP-PERP	+0.0219%	1h	0.004541	+0.237%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0273% / S −0.0200%	1h	0.004528	−0.044%	$55K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004538	+0.177%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004528	−0.044%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004530	−0.005%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004524	−0.135%	$48K	$139K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004534	+0.088%	$729K	$5.7M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0545%	1h	0.004530	−0.001%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004532	+0.044%	$38K	$205K	12x	as long as short
Hyperliquid PUMP	+0.0601%	1h	0.004535	+0.110%	$169.5M	$51.1M	10x	as long as short
RISEx PUMP/USDCshort	+0.0764%	1h	0.004538	+0.177%	$552K	$1.0M	10x
Aftermath Perps PUMPUSD	+0.1120%	1h	0.004528	−0.051%	$500	$112K	10x	as long as short