Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0470%/8h= −51.5% APRpaid last 24h −0.068%

Price spread now: Phemex against RISEx−0.147%7-day average −0.035% · 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−$78as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on RISEx Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.205%−$20 on $10k

Price spread, last 4 days (all we have)+0.033%+$3 · spread now −0.147%, 7d avg −0.035%

Together, before fees−0.171%−$17 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Phemex is 0.112% cheaper against RISEx than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx PUMP/USDC	0.004422	0.0570	pay 0.0071% / 1h	15m 03s	$525K	$1.0M	10x
Short	Phemex PUMPUSDT	0.004415	0.0100	get 0.0050% / 4h	15m 03s	$2.0M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex against RISEx. 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 RISExbpFee PhemexbpOrdersPrice spread, now −0.147%Rate

Funding earned: −$98.68
Price spread: −0.147% → −0.035%: −$11.21
Slippage, 4 orders: −$49.13
Fee RISEx: 3 bp × 2 orders: −$6
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$177.01
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from RISEx: live order book, 4 min ago; Phemex: live order book, 4 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 RISEx live order book, 4 min ago	3.39 bp	6.4 bp −$6	13.1 bp −$131	doesn't fit	doesn't fit
Sell Phemex live order book, 4 min ago	3.40 bp	27.2 bp −$27	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	−0.3460%	1h	0.004418	−0.075%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004414	−0.170%	$18K	$236K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004416	−0.115%	$53K	—	150x	as long as short
Gate PUMP_USDT	+0.0092%	4h	0.004412	−0.215%	$4.9M	$11.4M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004418	−0.079%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.486%	$29K	$782K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004415	−0.136%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004416	−0.132%	$700K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004416	−0.124%	$494K	$819K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004416	−0.118%	$80.5M	$173.4M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004415	−0.147%	$24.0M	$97.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004419	−0.066%	$31K	$190K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004421	−0.011%	$62K	$102K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004418	−0.079%	$23.6M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004415	−0.147%	$17.4M	$20.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004415	−0.147%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004416	−0.131%	$786K	$202K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004422	+0.009%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004422	+0.011%	$1.2M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004426	+0.102%	$147K	$756K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004421	−0.011%	$102K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004418	−0.079%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004416	−0.124%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004418	−0.079%	$2K	$771K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004417	−0.102%	$277	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004409	−0.283%	$21K	$110K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004415	−0.147%	$2.0M	$4.0M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004419	−0.065%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004414	−0.170%	$70K	$8K	3x	as long as short
Extended PUMP-USD	+0.0240%	1h	0.004416	−0.117%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004422	+0.011%	$6K	$625	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004415	−0.147%	$53K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004417	−0.102%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004415	−0.152%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004432	+0.247%	$42K	$120K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0429%	1h	0.004419	−0.057%	$70K	$122K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004422	+0.011%	$700K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0481%	1h	0.004423	+0.034%	$165.8M	$55.7M	10x	as long as short
RISEx PUMP/USDClong	+0.0570%	1h	0.004422	long leg	$525K	$1.0M	10x
Injective PUMP/USDC PERP	+0.0706%	1h	0.004433	+0.260%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0802%	1h	0.004418	−0.072%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0957%	1h	0.004421	−0.015%	$584	$113K	10x	as long as short