Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.027%

Price spread now: Binance against Deribit−0.090%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$510.508% of the position

Long on Deribit Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.234%+$23 on $10k

Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.090%, 7d avg −0.021%

Together, before fees+0.321%+$32 on $10k · with fees, hour by hour

Funding pays, the price is against you. Binance is 0.069% cheaper against Deribit than usual: you would sell low and buy high (spread −0.090% now, against its 7-day average of −0.021%). If the spread goes back, that is −$7 on $10k: about 2.3 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004324	0	get 0.0000% / 1h	13m 09s	$69K	$126K	25x
Short	Binance PUMPUSDT	0.004320	0.0100	get 0.0050% / 4h	2h 13m	$76.7M	$163.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Deribit. 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 DeribitbpFee BinancebpOrdersPrice spread, now −0.090%Rate

Funding earned: $21
Price spread: −0.090% → −0.021%: −$6.86
Slippage, 4 orders: −$33.75
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$36.61
Costs to cover: 0.508%
Break-even: 19.2 days

Slippage from Deribit: live order book, 10 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 Deribit live order book, 10 min ago	9.19 bp	12.7 bp −$13	22.3 bp −$223	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	+0.062%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0230%	1h	0.004321	−0.060%	$770K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004321	−0.069%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0069%	4h	0.004321	−0.069%	$22.6M	$95.6M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0027%	4h	0.004322	−0.046%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUALlong	0.0000%	1h	0.004324	long leg	$69K	$126K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004325	+0.030%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0052%	4h	0.004322	−0.046%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0088%	1h	0.004324	0.000%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004321	−0.069%	$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	−0.555%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004323	−0.027%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004323	−0.012%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004326	+0.046%	$158.5M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004325	+0.016%	$780K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004326	+0.046%	$448K	$611K	10x	as long as short
Binance PUMPUSDTshort	+0.0100%	4h	0.004320	−0.090%	$76.7M	$163.9M	75x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004331	+0.171%	$25K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004324	0.000%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004325	+0.023%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004324	0.000%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004322	−0.046%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004326	+0.045%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004333	+0.199%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004329	+0.116%	$137K	$772K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004327	+0.069%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004324	−0.005%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004324	0.000%	$2K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004321	−0.069%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004320	−0.093%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004323	−0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004321	−0.067%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004321	−0.069%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004326	+0.035%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004335	+0.261%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004334	+0.231%	$658K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0225%	1h	0.004323	−0.023%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004322	−0.046%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0341%	1h	0.004332	+0.188%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004322	−0.039%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	0.000%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0686%	1h	0.004327	+0.060%	$1.3M	$3.5M	50x	as long as short