Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0314%/8h= +34.4% APRpaid last 24h −0.017%

Price spread now: Deribit against BingX0.000%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on BingX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.273%−$27 on $10k

Price spread, last 4 days (all we have)+0.051%+$5 · spread now 0.000%, 7d avg +0.032%

Together, before fees−0.221%−$22 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.032% cheaper against BingX than usual: you would sell low and buy high (spread 0.000% now, against its 7-day average of +0.032%). If the spread goes back, that is −$3 on $10k: about 8 hours of funding at the current rate (+$9 a day). Mind the row above: over the last 7 days funding on this pair cost −0.273%, 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	BingX PUMP-USDT	0.004521	0.0100	pay 0.0050% / 4h	1h 50m	—	$14.2M	—
Short	Deribit PUMP_USDC-PERPETUAL	0.004521	0.0414	get 0.0052% / 1h	50m 54s	$70K	$115K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against BingX. 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 BingXbpFee DeribitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $65.94
Price spread: 0.000% → +0.032%: −$3.18
Slippage, 4 orders: −$22.15
Fee BingX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $23.61
Costs to cover: 0.391%
Break-even: 4.5 days

Slippage from BingX: live order book, 3 min ago; Deribit: live order book, 53 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 BingX live order book, 3 min ago	1.11 bp	8.2 bp −$8	10.0 bp −$100	45.6 bp −$4,558	169.1 bp −$84.5K
Sell Deribit live order book, 53 min ago	7.82 bp	13.5 bp −$14	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	0.0000%	1h	0.004499	−0.480%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004514	−0.155%	$18K	$257K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004515	−0.136%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004525	+0.088%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.464%	$30K	$627K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004521	−0.004%	$844K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004508	−0.288%	$537K	$886K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004524	+0.066%	$83.2M	$170.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004525	+0.088%	$24.8M	$98.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004511	−0.210%	$27K	$161K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004508	−0.288%	$65K	$95K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004522	+0.022%	$5.0M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004525	+0.088%	$24.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004525	+0.088%	$18.1M	$19.0M	75x	as long as short
BingX PUMP-USDTlong	+0.0100%	4h	0.004521	long leg	—	$14.2M	—
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004524	+0.064%	$814K	$198K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004503	−0.391%	$68K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004506	−0.333%	$1.3M	$10.3M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	−0.376%	$152K	$743K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004516	−0.111%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004520	−0.022%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004519	−0.048%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004517	−0.088%	$2K	$760K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004521	0.000%	$284	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004506	−0.332%	$21K	$85K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004523	+0.044%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004521	+0.006%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004520	−0.022%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0106%	8h	0.004509	−0.267%	$43K	$276	5x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004513	−0.177%	$54K	—	100x	as long as short
Nado PUMP-PERP	+0.0288%	1h	0.004509	−0.254%	$1.6M	$2.1M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004526	+0.111%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004513	−0.182%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0352%	1h	0.004510	−0.243%	$6K	$600	10x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004507	−0.301%	$47K	$139K	10x	as long as short
Deribit PUMP_USDC-PERPETUALshort	+0.0414%	1h	0.004521	0.000%	$70K	$115K	25x
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004527	+0.133%	$725K	$5.7M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0546%	1h	0.004523	+0.036%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004529	+0.177%	$38K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0597%	1h	0.004533	+0.265%	$169.4M	$51.1M	10x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004510	−0.243%	$549K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1148%	1h	0.004517	−0.084%	$498	$111K	10x	as long as short