Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: GRVT against BingX+0.656%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs+$36as in the Price arb table

costs, in and out, $10k−$280.279% of the position

Long on BingX Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.256%−$26 on $10k

Price spread, last 7 days−0.579%−$58 · spread now +0.656%, 7d avg +0.014%

Together, before fees−0.835%+ Points / potential airdropGRVT: Active · farm board−$83 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.642% dearer against BingX than usual: you sell high and buy low, +$64 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PUMP-USDT	0.004372	0.0100	pay 0.0050% / 4h	54m 59s	—	$12.9M	—
Short	GRVT PUMP_USDT_Perp	0.004401	0.0100	get 0.0050% / 4h	54m 59s	$1.2M	$10.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.656%Rate

Funding earned: $0
Price spread: +0.656% → +0.014%: $64.17
Slippage, 4 orders: −$8.91
Fee BingX: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $36.26
Costs to cover: 0.279%
Break-even: from the start

Slippage from BingX: live order book, 13 min ago; GRVT: 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 BingX live order book, 13 min ago	1.13 bp	8.7 bp −$9	14.5 bp −$145	42.3 bp −$4,231	155.1 bp −$77.5K
Sell GRVT live order book, 4 min ago	1.14 bp	6.5 bp −$7	20.9 bp −$209	108.2 bp −$10.8K	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
Backpack PUMP_USDC_PERP	−0.0596%	1h	0.004380	+0.185%	$776K	$197K	5x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004398	+0.600%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004388	+0.366%	$18K	$234K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004386	+0.320%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004391	+0.435%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004389	+0.389%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.647%	$28K	$819K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004394	+0.515%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004382	+0.224%	$689K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004397	+0.572%	$488K	$817K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004373	+0.022%	$79.3M	$172.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004374	+0.046%	$23.8M	$96.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004378	+0.133%	$36K	$186K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004393	+0.480%	$64K	$91K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004373	+0.023%	$4.8M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004377	+0.114%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004375	+0.069%	$17.4M	$20.2M	75x	as long as short
BingX PUMP-USDTlong	+0.0100%	4h	0.004372	long leg	—	$12.9M	—
edgeX PUMPUSDC	+0.0100%	4h	0.004389	+0.396%	$64K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perpshort	+0.0100%	4h	0.004401	+0.656%	$1.2M	$10.5M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004390	+0.412%	$146K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004398	+0.595%	$97K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004386	+0.320%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004386	+0.323%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004390	+0.412%	$2K	$761K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004388	+0.366%	$275	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004394	+0.503%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004385	+0.297%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004395	+0.537%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004383	+0.252%	$70K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004389	+0.389%	$59K	—	100x	as long as short
Extended PUMP-USD	+0.0208%	1h	0.004376	+0.080%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0240%	1h	0.004394	+0.503%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004402	+0.677%	$43K	$120K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004394	+0.503%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004396	+0.544%	$2	—	3x	as long as short
Hyperliquid PUMP	+0.0374%	1h	0.004388	+0.366%	$163.9M	$56.1M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004391	+0.435%	$693K	$5.8M	50x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004395	+0.521%	$522K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004404	+0.732%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0807%	1h	0.004390	+0.405%	$1.1M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0878%	1h	0.004403	+0.717%	$582	$115K	10x	as long as short