Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.024%

Price spread now: BingX against Deribit−0.244%54s7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$15as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.435% of the position

Long on Deribit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.281%+$28 on $10k

Price spread, last 4 days (all we have)+0.244%+$24 · spread now −0.244%, 7d avg −0.040%

Together, before fees+0.525%+$52 on $10k · with fees, hour by hour

Funding pays, the price is against you. BingX is 0.204% cheaper against Deribit than usual: you would sell low and buy high (spread −0.244% now, against its 7-day average of −0.040%). If the spread goes back, that is −$20 on $10k: about 6.8 days of funding at the current rate (+$3 a day). The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004502	0	get 0.0000% / 1h	44m 23s	$71K	$124K	25x
Short	BingX PUMP-USDT	0.004491	0.0100	get 0.0050% / 4h	1h 44m	—	$12.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.244%Rate

Funding earned: $21
Price spread: −0.244% → −0.040%: −$20.42
Slippage, 4 orders: −$26.52
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BingX: 5 bp × 2 orders: −$10
Net: −$42.94
Costs to cover: 0.435%
Break-even: 21.3 days

Slippage from Deribit: live order book, 15 min ago; BingX: live order book, 9 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, 15 min ago	6.70 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 9 min ago	1.11 bp	7.9 bp −$8	13.1 bp −$131	44.9 bp −$4,489	148.3 bp −$74.1K

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	0.0000%	1h	0.004501	−0.022%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004494	−0.178%	$18K	$222K	20x	as long as short
Deribit PUMP_USDC-PERPETUALlong	0.0000%	1h	0.004502	long leg	$71K	$124K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004492	−0.225%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0093%	4h	0.004493	−0.200%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004498	−0.089%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.266%	$27K	$779K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004494	−0.167%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004496	−0.125%	$708K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004499	−0.067%	$522K	$725K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004491	−0.244%	$82.3M	$169.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004492	−0.222%	$24.5M	$99.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004502	0.000%	$26K	$187K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004495	−0.155%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004493	−0.200%	$5.0M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004497	−0.111%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004493	−0.200%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDTshort	+0.0100%	4h	0.004491	−0.244%	—	$12.9M	—
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004505	+0.071%	$799K	$187K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004497	−0.101%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004502	+0.010%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004513	+0.244%	$150K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004498	−0.089%	$106K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004502	+0.001%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004499	−0.067%	$2K	$748K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004502	0.000%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004496	−0.133%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004501	−0.022%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004500	−0.053%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004496	−0.133%	$72K	$8K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0231% / S −0.0084%	1h	0.004490	−0.267%	$61K	—	100x	as long as short
Extended PUMP-USD	+0.0296%	1h	0.004493	−0.192%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004496	−0.133%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004508	+0.127%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004504	+0.044%	$3.7M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004493	−0.206%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004505	+0.067%	$701K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004497	−0.111%	$535K	$983K	10x	as long as short
Hyperliquid PUMP	+0.0621%	1h	0.004501	−0.022%	$168.3M	$56.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0863%	1h	0.004500	−0.052%	$594	$114K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004503	+0.022%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1327%	1h	0.004508	+0.132%	$1.4M	$3.0M	50x	as long as short