Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.016%

Price spread now: OKX against Phemex0.000%7-day average −0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$79as in the Price arb table

costs, in and out, $10k−$810.814% of the position

Long on Phemex Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now 0.000%, 7d avg −0.024%

Together, before fees−0.027%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: OKX is 0.024% dearer against Phemex than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004535	0.0100	pay 0.0050% / 4h	1h 54m	$1.9M	$3.8M	20x
Short	OKX PUMP-USDT-SWAP	0.004535	0.0100	get 0.0050% / 4h	1h 54m	$24.7M	$101.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.024%: $2.39
Slippage, 4 orders: −$59.39
Fee Phemex: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$79
Costs to cover: 0.814%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; OKX: 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 Phemex live order book, 2 min ago	5.49 bp	29.1 bp −$29	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.10 bp	11.5 bp −$12	18.9 bp −$189	108.9 bp −$10.9K	doesn't fit

PUMP on 41 exchanges

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	−0.0138%	1h	0.004534	−0.023%	$21K	$12K	5x	as long as short
Gate PUMP_USDT	−0.0084%	4h	0.004532	−0.066%	$4.8M	$9.6M	75x	as long as short
Perpl PUMP	0.0000%	43m	0.004535	0.000%	$18K	$269K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004536	+0.022%	$69K	$102K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004559	+0.539%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004537	+0.044%	$3.0M	$2.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.772%	$33K	$589K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004533	−0.043%	$849K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004536	+0.022%	$517K	$837K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004536	+0.022%	$82.8M	$171.2M	75x	as long as short

Show all 41 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAPshort	+0.0100%	4h	0.004535	0.000%	$24.7M	$101.6M	50x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004529	−0.126%	$17K	$151K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004539	+0.088%	$50K	$155K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004537	+0.044%	$25.1M	$13.5M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004534	−0.022%	$17.9M	$18.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004535	0.000%	—	$14.5M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004534	−0.026%	$819K	$216K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004561	+0.571%	$68K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004559	+0.529%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004552	+0.375%	$162K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004538	+0.066%	$107K	$1.7M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004534	−0.022%	$42K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004535	0.000%	$1K	$766K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004535	0.000%	$550	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004529	−0.132%	$23K	$127K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004535	long leg	$1.9M	$3.8M	20x
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004536	+0.029%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004535	0.000%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004536	+0.022%	$67K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0192%	1h	0.004540	+0.110%	$169.0M	$47.4M	10x	as long as short
Injective PUMP/USDC PERP	+0.0251%	1h	0.004542	+0.154%	$36K	$205K	12x	as long as short
Nado PUMP-PERP	+0.0252%	1h	0.004536	+0.033%	$1.7M	$2.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004538	+0.066%	$6K	$465	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0278%	1h	0.004532	−0.066%	$66K	—	100x	as long as short
Phoenix PUMP	+0.0331%	1h	0.004561	+0.564%	$44K	$144K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004540	+0.110%	$3.8M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004534	−0.013%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004543	+0.176%	$702K	$6.0M	50x	as long as short
RISEx PUMP/USDC	+0.0558%	1h	0.004538	+0.066%	$579K	$920K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0624%	1h	0.004538	+0.065%	$1.1M	$2.9M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1020%	1h	0.004551	+0.360%	$703	$98K	10x	as long as short