Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0313%/8h= +34.3% APRpaid last 24h −0.017%

Price spread now: Deribit against Bitget+0.088%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.269%−$27 on $10k

Price spread, last 4 days (all we have)−0.047%−$5 · spread now +0.088%, 7d avg +0.018%

Together, before fees−0.316%−$32 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Deribit is 0.071% dearer against Bitget than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.018%. Mind the row above: over the last 7 days funding on this pair cost −0.269%, 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	Bitget PUMPUSDT	0.004526	0.0100	pay 0.0050% / 4h	1h 08m	$17.8M	$19.2M	75x
Short	Deribit PUMP_USDC-PERPETUAL	0.004530	0.0413	get 0.0052% / 1h	8m 58s	$69K	$116K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now +0.088%Rate

Funding earned: $65.73
Price spread: +0.088% → +0.018%: $7.05
Slippage, 4 orders: −$29.06
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $24.72
Costs to cover: 0.481%
Break-even: 4.4 days

Slippage from Bitget: live order book, 5 min ago; Deribit: live order book, 30 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 Bitget live order book, 5 min ago	3.32 bp	12.9 bp −$13	31.7 bp −$317	doesn't fit	doesn't fit
Sell Deribit live order book, 30 min ago	5.52 bp	9.0 bp −$9	21.8 bp −$218	doesn't fit	doesn't fit

PUMP on 41 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	−0.0006%	1h	0.004522	−0.088%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004527	+0.022%	$18K	$266K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004528	+0.041%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0088%	4h	0.004525	−0.022%	$5.0M	$10.5M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004529	+0.066%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.574%	$29K	$642K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004528	+0.038%	$828K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004525	−0.022%	$534K	$859K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004529	+0.062%	$83.0M	$172.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004525	−0.022%	$24.9M	$98.6M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004519	−0.159%	$27K	$156K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004528	+0.044%	$65K	$100K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004531	+0.110%	$24.4M	$13.9M	50x	as long as short
Bitget PUMPUSDTlong	+0.0100%	4h	0.004526	long leg	$17.8M	$19.2M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004525	−0.022%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004528	+0.046%	$810K	$199K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004518	−0.177%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004533	+0.147%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004537	+0.243%	$153K	$745K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004532	+0.133%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004528	+0.044%	$43K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004530	+0.088%	$2K	$769K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004528	+0.044%	$284	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004529	+0.066%	$22K	$83K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004528	+0.044%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004526	−0.011%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004528	+0.048%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004526	0.000%	$67K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0211%	1h	0.004531	+0.105%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0303% / S −0.0274%	1h	0.004527	+0.022%	$65K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004531	+0.110%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004531	+0.110%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004528	+0.038%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004538	+0.276%	$48K	$139K	10x	as long as short
Deribit PUMP_USDC-PERPETUALshort	+0.0413%	1h	0.004530	+0.088%	$69K	$116K	25x
Hyperliquid PUMP	+0.0505%	1h	0.004533	+0.155%	$169.4M	$50.9M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004534	+0.177%	$731K	$5.9M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0545%	1h	0.004530	+0.096%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004537	+0.243%	$38K	$205K	12x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004528	+0.050%	$540K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1022%	1h	0.004531	+0.107%	$501	$112K	10x	as long as short