Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0204%/8h= −22.3% APRpaid last 24h −0.006%

Price spread now: Gate against Coinbase International−0.323%7-day average −0.035% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$610.607% of the position

Long on Coinbase International Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 3 days (all we have)+0.301%+$30 · spread now −0.323%, 7d avg −0.035%

Together, before fees+0.243%+$24 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Gate is 0.288% cheaper against Coinbase International than usual: you would sell low and buy high (−$29 if the spread goes back to its 7-day average of −0.035%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.057% in total (about -3.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PUMP-PERP-INTX	0.004330	0.0280	pay 0.0035% / 1h	57m 25s	$657K	$5.4M	50x
Short	Gate PUMP_USDT	0.004316	0.0076	get 0.0038% / 4h	1h 57m	$4.6M	$11.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.323%Rate

Funding earned: −$42.84
Price spread: −0.323% → −0.035%: −$28.81
Slippage, 4 orders: −$35.74
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$132.39
Costs to cover: 0.607%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 2 min ago; Gate: live order book, 1 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, 2 min ago	5.78 bp	14.9 bp −$15	21.0 bp −$210	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.48 bp	17.0 bp −$17	39.2 bp −$392	76.7 bp −$7,667	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	−0.5639%	1h	0.004323	−0.172%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0058%	4h	0.004314	−0.370%	$22.5M	$95.4M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0024%	4h	0.004315	−0.346%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004314	−0.370%	$20K	$205K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004316	−0.323%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004323	−0.165%	$55K	—	150x	as long as short
Gate PUMP_USDTshort	+0.0076%	4h	0.004316	−0.323%	$4.6M	$11.6M	75x
Lighter PUMP	+0.0096%	1h	0.004317	−0.300%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.693%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004319	−0.257%	$41K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004314	−0.358%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004319	−0.254%	$158.1M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004316	−0.335%	$778K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004318	−0.277%	$447K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004314	−0.370%	$76.6M	$163.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004319	−0.261%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004315	−0.346%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004318	−0.277%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004316	−0.323%	$17.0M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004314	−0.370%	—	$12.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004312	−0.411%	$769K	$183K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004320	−0.224%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004318	−0.278%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004317	−0.300%	$136K	$769K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004319	−0.254%	$90K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004315	−0.350%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004322	−0.185%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004314	−0.370%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004312	−0.416%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004317	−0.300%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004314	−0.373%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004314	−0.370%	$71K	$18K	3x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004323	−0.162%	$39K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004317	−0.301%	$488K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0176%	1h	0.004317	−0.300%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0280%	1h	0.004330	long leg	$657K	$5.4M	50x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0308% / S −0.0227%	1h	0.004322	−0.185%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004323	−0.162%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004318	−0.272%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0356%	1h	0.004320	−0.226%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004318	−0.277%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0810%	1h	0.004320	−0.239%	$1.3M	$3.5M	50x	as long as short