Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.005%

Price spread now: Binance against Coinbase International−0.234%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$460.462% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.016%−$2 on $10k

Price spread, last 3 days (all we have)+0.232%+$23 · spread now −0.234%, 7d avg −0.024%

Together, before fees+0.216%+$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.210% cheaper against Coinbase International than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of −0.024%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PUMP-PERP-INTX	0.004334	0.0240	pay 0.0030% / 1h	13m 40s	$658K	$5.4M	50x
Short	Binance PUMPUSDT	0.004324	0.0100	get 0.0050% / 4h	2h 13m	$76.8M	$164.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. 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 Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −0.234%Rate

Funding earned: −$29.4
Price spread: −0.234% → −0.024%: −$21.01
Slippage, 4 orders: −$26.24
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$96.65
Costs to cover: 0.462%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 5 min ago; Binance: live order book, 15 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 Coinbase International live order book, 5 min ago	4.61 bp	13.6 bp −$14	19.0 bp −$190	doesn't fit	doesn't fit
Sell Binance live order book, 15 min ago	1.15 bp	10.8 bp −$11	20.0 bp −$200	61.5 bp −$6,154	255.4 bp −$127.7K

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	−0.5137%	1h	0.004327	−0.169%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0227%	1h	0.004327	−0.168%	$771K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004326	−0.185%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0065%	4h	0.004323	−0.254%	$22.6M	$95.7M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0025%	4h	0.004326	−0.185%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004330	−0.092%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004327	−0.150%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0052%	4h	0.004324	−0.231%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0088%	1h	0.004329	−0.115%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004323	−0.254%	$2.9M	$5.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.784%	$29K	$766K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004323	−0.258%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004326	−0.173%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004333	−0.023%	$158.8M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004326	−0.185%	$780K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004326	−0.185%	$448K	$611K	10x	as long as short
Binance PUMPUSDTshort	+0.0100%	4h	0.004324	−0.234%	$76.8M	$164.2M	75x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004331	−0.060%	$25K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004324	−0.231%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004328	−0.138%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004325	−0.208%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004325	−0.208%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004333	−0.030%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004333	−0.032%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004336	+0.046%	$137K	$770K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004330	−0.092%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004328	−0.140%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004329	−0.115%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004326	−0.185%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004329	−0.115%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004328	−0.138%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004323	−0.255%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004325	−0.208%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004326	−0.196%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004335	+0.030%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0240%	1h	0.004334	long leg	$658K	$5.4M	50x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0225%	1h	0.004327	−0.162%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004326	−0.185%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0342%	1h	0.004333	−0.015%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004326	−0.179%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.231%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0685%	1h	0.004332	−0.047%	$1.3M	$3.5M	50x	as long as short