Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.035%

Price spread now: Paradex against Phoenix+0.001%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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PUMP	0.004342	0.0185	pay 0.0023% / 1h	18m 59s	$39K	$99K	10x
Short	Paradex PUMP-USD-PERP	0.004342	0.0100	get 0.0100% / 8h	1h 18m	$42K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.001%Rate

Funding earned: −$17.87
Price spread: +0.001% → 0.000%: $0.07
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$28.8
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; Paradex: 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 Phoenix no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

Phoenix and Paradex: 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	−0.4852%	1h	0.004345	+0.072%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0057%	4h	0.004339	−0.076%	$22.7M	$95.7M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0006%	4h	0.004341	−0.030%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004343	+0.016%	$20K	$202K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004344	+0.039%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004343	+0.016%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0057%	1h	0.004341	−0.037%	$774K	$180K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004341	−0.030%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004343	+0.016%	$6K	$497	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.974%	$29K	$764K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERPshort	+0.0100%	8h	0.004342	+0.001%	$42K	—	5x
Nado PUMP-PERP	+0.0100%	1h	0.004343	+0.028%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004347	+0.108%	$159.3M	$52.3M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004343	+0.016%	$786K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004344	+0.039%	$450K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004340	−0.059%	$77.2M	$163.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004342	+0.002%	$25K	$174K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004342	−0.007%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004340	−0.053%	$4.7M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004345	+0.062%	$23.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004340	−0.053%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004342	−0.007%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004342	−0.002%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004342	−0.007%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004347	+0.108%	$137K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004346	+0.085%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004343	+0.023%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004345	+0.062%	$2K	$713K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004341	−0.030%	$716	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004340	−0.053%	$21K	$139K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004341	−0.030%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004339	−0.084%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004340	−0.053%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004343	+0.016%	$492K	$1.0M	10x	as long as short
Phoenix PUMPlong	+0.0185%	1h	0.004342	long leg	$39K	$99K	10x
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004349	+0.154%	$671K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0313% / S −0.0230%	1h	0.004344	+0.039%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004339	−0.076%	$3.4M	$3.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004342	−0.008%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0408%	1h	0.004338	−0.109%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004333	−0.214%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0805%	1h	0.004347	+0.101%	$1.3M	$3.5M	50x	as long as short