Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: Popdex against Phemex−2.309%7-day average −1.360% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$170as in the Price arb table

costs, in and out, $10k−$750.748% of the position

Long on Phemex Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.004%$0 on $10k

Price spread, last 4 days (all we have)+0.473%+$47 · spread now −2.309%, 7d avg −1.360%

Together, before fees+0.468%+$47 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: Popdex is 0.949% cheaper against Phemex than usual: you would sell low and buy high, −$95 on $10k if it goes back to its 7-day average of −1.360%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004504	0.0100	pay 0.0050% / 4h	1h 02m	$2.0M	$3.9M	20x
Short	Popdex PUMPUSDT	0.004400	0.0096	get 0.0012% / 1h	2m 23s	$28K	$647K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −2.309%Rate

Funding earned: −$0.84
Price spread: −2.309% → −1.360%: −$94.94
Slippage, 4 orders: −$56.43
Fee Phemex: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$170.61
Costs to cover: 0.748%
Break-even: never at this rate

Slippage from Phemex: live order book, 1 min ago; Popdex: live order book, 42 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, 1 min ago	2.22 bp	26.8 bp −$27	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 42 min ago	1.10 bp	7.9 bp −$8	doesn't fit	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	−0.0005%	1h	0.004504	0.000%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004499	−0.111%	$18K	$268K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004493	−0.238%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0068%	4h	0.004498	−0.133%	$5.0M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004504	0.000%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004400	−2.309%	$28K	$647K	20x
Aster PUMPUSDT	+0.0100%	4h	0.004499	−0.108%	$823K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004502	−0.044%	$531K	$859K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004499	−0.111%	$82.4M	$172.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004494	−0.222%	$24.8M	$98.0M	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.P	+0.0100%	1h	0.004503	−0.033%	$27K	$150K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004500	−0.089%	$65K	$100K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004501	−0.067%	$24.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004498	−0.133%	$17.7M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004500	−0.089%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004503	−0.029%	$806K	$200K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004511	+0.160%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004507	+0.073%	$1.3M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004512	+0.178%	$152K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004501	−0.067%	$103K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004506	+0.044%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004506	+0.040%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004507	+0.067%	$2K	$770K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004504	0.000%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004505	+0.022%	$21K	$83K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004504	long leg	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004501	−0.056%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004499	−0.106%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004504	0.000%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0194%	1h	0.004507	+0.067%	$69K	$116K	25x	as long as short
Nado PUMP-PERP	+0.0203%	1h	0.004498	−0.122%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0303% / S −0.0274%	1h	0.004495	−0.200%	$64K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0312%	1h	0.004500	−0.089%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004502	−0.044%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004497	−0.161%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004512	+0.184%	$47K	$139K	10x	as long as short
Hyperliquid PUMP	+0.0483%	1h	0.004501	−0.067%	$168.1M	$51.2M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004510	+0.133%	$726K	$5.9M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0548%	1h	0.004507	+0.058%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004530	+0.577%	$38K	$205K	12x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004500	−0.089%	$536K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1006%	1h	0.004515	+0.241%	$499	$112K	10x	as long as short