Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0172%/8h= +18.8% APRpaid last 24h +0.058%

Price spread now: GMX against Paradex+0.073%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on GMX

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

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and GMX is 0.073% dearer against Paradex than usual: you sell high and buy low: +$7 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex PUMP-USD-PERP	0.004535	0.0102	pay 0.0102% / 8h	7h 34m	$43K	$276	5x
Short	GMX PUMP/USD [WBTC.b-USDC]	0.004538	L +0.0304% / S −0.0274%	get 0.0034% / 1h	34m 32s	$65K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Paradex. 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 ParadexbpFee GMXbpOrdersPrice spread, now +0.073%Rate

Funding earned: $36.1
Price spread: +0.073% → 0.000%: $7.3
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee GMX: 6 bp × 2 orders: −$12
Net: $27.4
Costs to cover: 0.160%
Break-even: 1.7 days

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

Paradex and 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
Gate PUMP_USDT	−0.0046%	4h	0.004531	−0.081%	$4.9M	$10.0M	75x	as long as short
dYdX PUMP-USD	−0.0040%	1h	0.004534	−0.010%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004541	+0.139%	$18K	$267K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004541	+0.139%	$70K	$116K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004540	+0.114%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004538	+0.073%	$2.9M	$4.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.765%	$29K	$667K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004536	+0.029%	$857K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004536	+0.029%	$520K	$886K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004539	+0.088%	$83.0M	$176.4M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004539	+0.095%	$25.0M	$103.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004541	+0.144%	$27K	$163K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004538	+0.073%	$50K	$140K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004535	+0.007%	$24.6M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004539	+0.095%	$17.8M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004535	+0.007%	—	$14.5M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004539	+0.091%	$814K	$213K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004544	+0.199%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004543	+0.183%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004556	+0.470%	$162K	$748K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004542	+0.161%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004539	+0.095%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004542	+0.153%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004537	+0.051%	$2K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004540	+0.117%	$255	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004542	+0.161%	$23K	$124K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004540	+0.117%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERPlong	+0.0102%	8h	0.004535	long leg	$43K	$276	5x
Extended PUMP-USD	+0.0104%	1h	0.004535	+0.014%	$3.7M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004537	+0.051%	$67K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0182%	1h	0.004540	+0.117%	$169.6M	$51.2M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]short	L +0.0304% / S −0.0274%	1h	0.004538	+0.073%	$65K	—	100x
Phoenix PUMP	+0.0332%	1h	0.004556	+0.477%	$44K	$146K	10x	as long as short
01 Exchange PUMPUSD	+0.0336%	1h	0.004541	+0.139%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004537	+0.051%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004539	+0.090%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	+1.043%	$38K	$204K	12x	as long as short
Nado PUMP-PERP	+0.0385%	1h	0.004545	+0.238%	$1.7M	$2.2M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004552	+0.382%	$739K	$6.2M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004538	+0.081%	$529K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0816%	1h	0.004541	+0.138%	$1.1M	$3.5M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0976%	1h	0.004548	+0.290%	$503	$110K	10x	as long as short