Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0006%/8hnext payment +$0.01 per $10,000 · paid last 24h −0.043%

Price spread now: ApeX Omni against Phoenix−0.005%7-day average −0.044% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$670.668% of the position

Long on Phoenix Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$9 on $10k

Price spread, last 3 days (all we have)−0.720%−$72 · spread now −0.005%, 7d avg −0.044%

Together, before fees−0.805%−$80 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: ApeX Omni is 0.039% dearer against Phoenix than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of −0.044%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PUMP	0.004287	0.0094	pay 0.0012% / 1h	7m 01s	$38K	$100K	10x
Short	ApeX Omni PUMPUSDT	0.004287	0.0100	get 0.0013% / 1h	7m 01s	$107K	$767K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phoenix. 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 PhoenixbpFee ApeX OmnibpOrdersPrice spread, now −0.005%Rate

Funding earned: $1.31
Price spread: −0.005% → −0.044%: $3.94
Slippage, 4 orders: −$49.76
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$61.51
Costs to cover: 0.668%
Break-even: 336.2 days

Slippage from Phoenix: live order book, 18 min ago; ApeX Omni: live order book, 26 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 Phoenix live order book, 18 min ago	2.10 bp	16.1 bp −$16	58.0 bp −$580	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 26 min ago	9.38 bp	17.4 bp −$17	113.3 bp −$1,133	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	−0.0774%	1h	0.004289	+0.042%	$20K	$7K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004283	−0.098%	$19K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004287	−0.005%	$69K	$127K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004288	+0.013%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0017%	4h	0.004285	−0.051%	$40K	$16K	10x	as long as short
Gate PUMP_USDT	+0.0070%	4h	0.004284	−0.075%	$4.6M	$12.0M	75x	as long as short
Aster PUMPUSDT	+0.0072%	4h	0.004285	−0.051%	$755K	$2.4M	50x	as long as short
Backpack PUMP_USDC_PERP	+0.0086%	1h	0.004285	−0.058%	$767K	$194K	5x	as long as short
Phoenix PUMPlong	+0.0094%	1h	0.004287	long leg	$38K	$100K	10x
OKX PUMP-USDT-SWAP	+0.0094%	4h	0.004282	−0.121%	$22.6M	$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
Lighter PUMP	+0.0096%	1h	0.004284	−0.075%	$2.9M	$6.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−2.034%	$26K	$822K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004285	−0.062%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004283	−0.086%	$1.6M	$2.1M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004291	+0.089%	$156.6M	$54.3M	10x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004284	−0.075%	$445K	$642K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004283	−0.102%	$76.3M	$175.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004277	−0.247%	$20K	$197K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004285	−0.051%	$41K	$57K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004287	−0.005%	$22.6M	$14.1M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004283	−0.098%	$17.1M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004283	−0.098%	—	$13.5M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004282	−0.121%	$64K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004280	−0.177%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDTshort	+0.0100%	1h	0.004287	−0.005%	$107K	$767K	50x
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004289	+0.042%	$93K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004286	−0.022%	$4K	$15K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004286	−0.028%	$2K	$738K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004283	−0.098%	$269	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004283	−0.098%	$22K	$154K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004284	−0.075%	$2.0M	$4.1M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004282	−0.117%	$3.5M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004284	−0.075%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0117%	1h	0.004286	−0.028%	$490K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0128%	1h	0.004286	−0.028%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0208%	1h	0.004289	+0.042%	$624K	$6.0M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0227%	1h	0.004283	−0.102%	$178	$115K	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0222%	1h	0.004286	−0.028%	$66K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004283	−0.098%	$3.5M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004283	−0.087%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0603%	1h	0.004284	−0.075%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0786%	1h	0.004289	+0.043%	$1.3M	$3.6M	50x	as long as short