Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0197%/8h= +21.5% APRpaid last 24h +0.068%

Price spread now: RISEx against Phemex+0.078%7-day average +0.036% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$730.728% of the position

Long on Phemex Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.190%+$19 on $10k

Price spread, last 3 days (all we have)−0.035%−$4 · spread now +0.078%, 7d avg +0.036%

Together, before fees+0.155%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and RISEx is 0.042% dearer against Phemex than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.036%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004481	0.0100	pay 0.0050% / 4h	3h 04m	$2.0M	$3.9M	20x
Short	RISEx PUMP/USDC	0.004484	0.0297	get 0.0037% / 1h	4m 57s	$489K	$995K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.078%Rate

Funding earned: $41.33
Price spread: +0.078% → +0.036%: $4.21
Slippage, 4 orders: −$54.82
Fee Phemex: 6 bp × 2 orders: −$12
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$27.29
Costs to cover: 0.728%
Break-even: 11.6 days

Slippage from Phemex: live order book, 4 min ago; RISEx: live order book, 9 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, 4 min ago	4.47 bp	33.6 bp −$34	doesn't fit	doesn't fit	doesn't fit
Sell RISEx live order book, 9 min ago	2.23 bp	5.2 bp −$5	13.9 bp −$139	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	−0.1908%	1h	0.004482	+0.026%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004481	0.000%	$18K	$202K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004484	+0.067%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0054%	4h	0.004485	+0.089%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004480	−0.022%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.808%	$27K	$770K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004483	+0.050%	$717K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004485	+0.089%	$479K	$639K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004481	+0.010%	$80.8M	$163.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004480	−0.022%	$23.6M	$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	0.004479	−0.036%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004482	+0.022%	$41K	$57K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004480	−0.022%	$4.8M	$10.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004485	+0.089%	$23.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004480	−0.022%	$17.9M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004482	+0.022%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004479	−0.040%	$798K	$172K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004484	+0.056%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004476	−0.112%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004477	−0.089%	$141K	$760K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004478	−0.056%	$1.7M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004485	+0.089%	$107K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004484	+0.077%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004482	+0.022%	$2K	$724K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004483	+0.045%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004472	−0.201%	$21K	$120K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004481	long leg	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004484	+0.061%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004484	+0.077%	$3.8M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004484	+0.067%	$71K	$11K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0196%	1h	0.004486	+0.112%	$71K	$124K	25x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004489	+0.179%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004487	+0.127%	$38K	$99K	10x	as long as short
RISEx PUMP/USDCshort	+0.0297%	1h	0.004484	+0.078%	$489K	$995K	10x
BloFin PUMP-USDT	+0.0340%	4h	0.004483	+0.045%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004482	+0.014%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004489	+0.179%	$699K	$5.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0356% / S −0.0294%	1h	0.004481	0.000%	$74K	—	100x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004500	+0.424%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0582%	1h	0.004487	+0.134%	$166.2M	$53.7M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0708%	1h	0.004483	+0.035%	$392	$108K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0917%	1h	0.004487	+0.133%	$1.3M	$3.0M	50x	as long as short