Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0094%/8h= +10.3% APRpaid last 24h −0.017%

Price spread now: Deribit against Binance+0.090%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$390.390% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 4 days (all we have)−0.078%−$8 · spread now +0.090%, 7d avg +0.014%

Together, before fees−0.302%−$30 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Deribit is 0.076% dearer against Binance than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.014%. Mind the row above: over the last 7 days funding on this pair cost −0.224%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PUMPUSDT	0.004504	0.0100	pay 0.0050% / 4h	1h 03m	$82.5M	$172.1M	75x
Short	Deribit PUMP_USDC-PERPETUAL	0.004508	0.0194	get 0.0024% / 1h	3m 45s	$69K	$116K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now +0.090%Rate

Funding earned: $19.74
Price spread: +0.090% → +0.014%: $7.6
Slippage, 4 orders: −$21.96
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$11.63
Costs to cover: 0.390%
Break-even: 11.1 days

Slippage from Binance: live order book, 9 min ago; Deribit: live order book, 35 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 Binance live order book, 9 min ago	1.11 bp	9.2 bp −$9	17.4 bp −$174	62.2 bp −$6,219	305.9 bp −$152.9K
Sell Deribit live order book, 35 min ago	5.52 bp	9.0 bp −$9	21.8 bp −$218	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	−0.0005%	1h	0.004504	+0.001%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004505	+0.023%	$18K	$268K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004506	+0.039%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0074%	4h	0.004507	+0.068%	$5.0M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004506	+0.046%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.088%	$29K	$647K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004503	−0.021%	$824K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004505	+0.023%	$531K	$859K	10x	as long as short
Binance PUMPUSDTlong	+0.0100%	4h	0.004504	long leg	$82.5M	$172.1M	75x
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004499	−0.110%	$24.8M	$98.1M	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	0.004523	+0.425%	$27K	$151K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004507	+0.068%	$65K	$100K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004508	+0.090%	$24.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004506	+0.046%	$17.7M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004506	+0.046%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004507	+0.072%	$807K	$200K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004528	+0.526%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004528	+0.531%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004530	+0.578%	$153K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004509	+0.112%	$105K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004506	+0.046%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004506	+0.041%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004505	+0.023%	$2K	$770K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004506	+0.046%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004502	−0.043%	$21K	$83K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004507	+0.068%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004503	−0.030%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004508	+0.095%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004505	+0.023%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUALshort	+0.0194%	1h	0.004508	+0.090%	$69K	$116K	25x
Nado PUMP-PERP	+0.0210%	1h	0.004507	+0.079%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0303% / S −0.0274%	1h	0.004506	+0.046%	$64K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0312%	1h	0.004507	+0.068%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004510	+0.134%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004506	+0.040%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004538	+0.767%	$48K	$139K	10x	as long as short
Hyperliquid PUMP	+0.0494%	1h	0.004511	+0.157%	$168.6M	$51.1M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004519	+0.334%	$728K	$5.9M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0548%	1h	0.004508	+0.079%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004530	+0.578%	$38K	$205K	12x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004508	+0.079%	$537K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1008%	1h	0.004521	+0.376%	$500	$112K	10x	as long as short