Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0372%/8h= −40.7% APRpaid last 24h −0.035%

Price spread now: GRVT against Coinbase International−0.284%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$65as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$420.421% of the position

Long on Coinbase International Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 4 days (all we have)+0.247%+$25 · spread now −0.284%, 7d avg −0.062%

Together, before fees+0.023%+ Points / potential airdropGRVT: Active · farm board+$2 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and GRVT is 0.222% cheaper against Coinbase International than usual: you would sell low and buy high (−$22 if the spread goes back to its 7-day average of −0.062%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.224% in total (about -11.7% 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	0.004450	0.0472	pay 0.0059% / 1h	33m 07s	$711K	$5.8M	50x
Short	GRVT PUMP_USDT_Perp	0.004437	0.0100	get 0.0050% / 4h	3h 33m	$1.2M	$10.4M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now −0.284%Rate

Funding earned: −$78.12
Price spread: −0.284% → −0.062%: −$22.22
Slippage, 4 orders: −$23.14
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$142.48
Costs to cover: 0.421%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; GRVT: live order book, 6 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, 1 min ago	5.62 bp	12.8 bp −$13	18.4 bp −$184	doesn't fit	doesn't fit
Sell GRVT live order book, 6 min ago	1.13 bp	6.5 bp −$6	38.2 bp −$382	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	−0.4317%	1h	0.004446	−0.085%	$20K	$11K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004450	0.000%	$18K	$239K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004447	−0.070%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0004%	4h	0.004447	−0.067%	$4.9M	$10.5M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004447	−0.067%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.124%	$29K	$681K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004451	+0.034%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004450	−0.005%	$712K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004445	−0.112%	$493K	$824K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004447	−0.067%	$81.1M	$170.5M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004442	−0.180%	$24.3M	$97.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004431	−0.436%	$31K	$187K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004454	+0.090%	$62K	$99K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004446	−0.090%	$23.9M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004442	−0.180%	$17.5M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004448	−0.045%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004445	−0.121%	$793K	$208K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004433	−0.371%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perpshort	+0.0100%	4h	0.004437	−0.284%	$1.2M	$10.4M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004435	−0.337%	$147K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004455	+0.112%	$106K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004447	−0.067%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004447	−0.073%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004442	−0.180%	$1K	$759K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004443	−0.157%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004445	−0.112%	$21K	$105K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004445	−0.112%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004451	+0.019%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004447	−0.067%	$66K	$13K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0200%	1h	0.004449	−0.022%	$71K	$122K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004447	−0.067%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0320%	1h	0.004443	−0.152%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004451	+0.022%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004422	−0.629%	$42K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004450	−0.006%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0360%	1h	0.004456	+0.135%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004456	+0.135%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0472%	1h	0.004450	long leg	$711K	$5.8M	50x
Hyperliquid PUMP	+0.0538%	1h	0.004449	−0.022%	$166.6M	$53.8M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004455	+0.120%	$529K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0659%	1h	0.004447	−0.077%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0995%	1h	0.004439	−0.256%	$623	$111K	10x	as long as short