Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.054%

Price spread now: Aster against Phoenix+0.038%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.105%−$11 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

The price spread pays, funding is against you. Aster is 0.038% dearer against Phoenix than usual: you sell high and buy low (spread +0.038% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 47 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PUMP	0.004381	0.0164	pay 0.0020% / 1h	2m 59s	$39K	$100K	10x
Short	Aster PUMPUSDT	0.004383	0.0100	get 0.0050% / 4h	2m 59s	$730K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.038%Rate

Funding earned: −$13.42
Price spread: +0.038% → 0.000%: $3.79
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Aster: 4 bp × 2 orders: −$8
Net: −$24.63
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Aster: live order book, 5 min ago. 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 Phoenix no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	3.42 bp	9.4 bp −$9	21.9 bp −$219	doesn't fit	doesn't fit

Phoenix: 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	−0.0046%	1h	0.004379	−0.034%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004384	+0.071%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004386	+0.116%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004383	+0.054%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0027%	4h	0.004380	−0.021%	$23.0M	$97.3M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0031%	4h	0.004383	+0.048%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004382	+0.025%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.847%	$31K	$774K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004380	−0.013%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004382	+0.037%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDTshort	+0.0100%	4h	0.004383	+0.038%	$730K	$2.3M	50x
Pacifica PUMP	+0.0100%	1h	0.004381	+0.002%	$459K	$604K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004380	−0.027%	$78.3M	$164.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004375	−0.132%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004382	+0.025%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004380	−0.021%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004384	+0.071%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004381	+0.002%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004380	−0.021%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004381	+0.002%	$780K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004375	−0.134%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004377	−0.081%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004377	−0.089%	$138K	$761K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004387	+0.139%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004385	+0.090%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004384	+0.071%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004382	+0.025%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004375	−0.135%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004381	+0.002%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004379	−0.051%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004381	+0.002%	$72K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0150%	1h	0.004386	+0.116%	$161.2M	$53.3M	10x	as long as short
Phoenix PUMPlong	+0.0164%	1h	0.004381	long leg	$39K	$100K	10x
Injective PUMP/USDC PERP	+0.0182%	1h	0.004382	+0.025%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004383	+0.047%	$489K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004384	+0.071%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004385	+0.094%	$695K	$5.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0340% / S −0.0281%	1h	0.004384	+0.071%	$74K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004378	−0.066%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004382	+0.023%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0486%	1h	0.004379	−0.042%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0861%	1h	0.004388	+0.155%	$1.3M	$3.5M	50x	as long as short