Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0126%/8h= +13.7% APRpaid last 24h +0.159%

Price spread now: GMX against Phemex+0.069%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on GMX

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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.069% dearer against Phemex 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	Phemex PUMPUSDT	0.004320	0.0100	pay 0.0050% / 4h	2h 07m	$2.0M	$4.0M	20x
Short	GMX PUMP/USD [WBTC.b-USDC]	0.004323	L +0.0308% / S −0.0226%	get 0.0028% / 1h	7m 58s	$67K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phemex. 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 PhemexbpFee GMXbpOrdersPrice spread, now +0.069%Rate

Funding earned: $26.37
Price spread: +0.069% → 0.000%: $6.94
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee GMX: 6 bp × 2 orders: −$12
Net: $9.31
Costs to cover: 0.240%
Break-even: 4.5 days

Slippage unknown: Phemex: live order book, 6 min ago; 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 Phemex live order book, 6 min ago	2.31 bp	26.8 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	−0.5206%	1h	0.004326	+0.134%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0230%	1h	0.004321	+0.019%	$770K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004320	0.000%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0061%	4h	0.004318	−0.046%	$22.6M	$95.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0025%	4h	0.004321	+0.023%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004324	+0.093%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004322	+0.055%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0056%	4h	0.004321	+0.023%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0080%	1h	0.004323	+0.069%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004320	0.000%	$2.9M	$5.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.463%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004322	+0.047%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004321	+0.035%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004327	+0.162%	$158.5M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004320	−0.003%	$779K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004323	+0.069%	$448K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004321	+0.018%	$76.7M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004319	−0.019%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004322	+0.046%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004323	+0.069%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004320	0.000%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004322	+0.046%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004320	+0.002%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004322	+0.058%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004324	+0.093%	$136K	$771K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004325	+0.116%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004323	+0.059%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004324	+0.093%	$2K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004321	+0.023%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004319	−0.023%	$21K	$147K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004320	long leg	$2.0M	$4.0M	20x
Extended PUMP-USD	+0.0104%	1h	0.004319	−0.025%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004320	0.000%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004324	+0.083%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004325	+0.125%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004334	+0.324%	$658K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]short	L +0.0308% / S −0.0226%	1h	0.004323	+0.069%	$67K	—	100x
BloFin PUMP-USDT	+0.0340%	4h	0.004324	+0.093%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004321	+0.031%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0348%	1h	0.004326	+0.148%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.093%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0686%	1h	0.004326	+0.147%	$1.3M	$3.5M	50x	as long as short