Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Ondo Perps against Phemex−0.108%7-day average −0.022% · you buy dearer than you sell

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

Long on Phemex Short on Ondo Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 4 days (all we have)−0.107%−$11 · spread now −0.108%, 7d avg −0.022%

Together, before fees−0.117%+ Points / potential airdropOndo Perps: Active · farm board−$12 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: Ondo Perps is 0.086% cheaper against Phemex than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.022%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004529	0.0100	pay 0.0050% / 4h	20m 33s	$1.9M	$3.9M	20x
Short	Ondo Perps PUMP-USD.P	0.004524	0.0100	get 0.0013% / 1h	20m 33s	$27K	$151K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Ondo Perps against Phemex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 Ondo PerpsbpOrdersPrice spread, now −0.108%Rate

Funding earned: $0
Price spread: −0.108% → −0.022%: −$8.62
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Net: −$25.62
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 3 min ago; Ondo Perps: 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, 3 min ago	8.81 bp	34.7 bp −$35	doesn't fit	doesn't fit	doesn't fit
Sell Ondo Perps no order-book sample	—	—	—	—	—

Ondo Perps: 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	0.0000%	1h	0.004528	−0.019%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004528	−0.022%	$18K	$266K	20x	as long as short
Gate PUMP_USDT	+0.0002%	4h	0.004524	−0.110%	$5.0M	$10.2M	75x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004530	+0.011%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004529	0.000%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.640%	$29K	$646K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004529	−0.006%	$845K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004528	−0.022%	$528K	$857K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004532	+0.065%	$82.8M	$172.3M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004536	+0.155%	$25.0M	$99.6M	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.Pshort	+0.0100%	1h	0.004524	−0.108%	$27K	$151K	5x
Arcus PUMP-USD	+0.0100%	1h	0.004530	+0.022%	$46K	$125K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004530	+0.022%	$24.5M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004531	+0.044%	$17.8M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004530	+0.022%	—	$14.3M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004530	+0.013%	$812K	$204K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004534	+0.110%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004527	−0.044%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004540	+0.243%	$153K	$742K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004532	+0.066%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004530	+0.022%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004528	−0.028%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004529	0.000%	$2K	$771K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004529	0.000%	$256	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004522	−0.155%	$22K	$74K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004529	long leg	$1.9M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004531	+0.050%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004530	+0.029%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004527	−0.044%	$67K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0161%	1h	0.004532	+0.066%	$169.1M	$49.6M	10x	as long as short
Nado PUMP-PERP	+0.0169%	1h	0.004532	+0.077%	$1.7M	$2.1M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0192%	1h	0.004531	+0.044%	$69K	$116K	25x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004535	+0.132%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0279%	1h	0.004543	+0.309%	$38K	$204K	12x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004528	−0.022%	$65K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004533	+0.088%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004528	−0.027%	$2	—	3x	as long as short
Phoenix PUMP	+0.0410%	1h	0.004532	+0.071%	$47K	$139K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0444%	1h	0.004531	+0.049%	$1.1M	$3.5M	50x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0536%	1h	0.004535	+0.132%	$732K	$6.0M	50x	as long as short
RISEx PUMP/USDC	+0.0784%	1h	0.004534	+0.110%	$538K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0898%	1h	0.004528	−0.017%	$501	$111K	10x	as long as short