Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0098%/8h= −10.7% APRpaid last 24h +0.024%

Price spread now: Bitget against Deribit−0.067%48s7-day average −0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as 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−$530.534% of the position

Long on Deribit Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.276%+$28 on $10k

Price spread, last 4 days (all we have)+0.022%+$2 · spread now −0.067%, 7d avg −0.022%

Together, before fees+0.298%+$30 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Bitget is 0.045% cheaper against Deribit than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.022%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.276%, so the current rate has only just turned against you. The two prices were read 48 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	0.004471	0.0198	pay 0.0025% / 1h	22m 25s	$71K	$124K	25x
Short	Bitget PUMPUSDT	0.004468	0.0100	get 0.0050% / 4h	1h 22m	$17.7M	$19.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$20.58
Price spread: −0.067% → −0.022%: −$4.49
Slippage, 4 orders: −$34.36
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$78.43
Costs to cover: 0.534%
Break-even: never at this rate

Slippage from Deribit: live order book, 36 min ago; Bitget: 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 Deribit live order book, 36 min ago	6.70 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	1.12 bp	15.0 bp −$15	27.7 bp −$277	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
Perpl PUMP	−0.0112%	43m	0.004467	−0.089%	$18K	$229K	20x	as long as short
dYdX PUMP-USD	−0.0010%	1h	0.004469	−0.042%	$20K	$9K	5x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004469	−0.053%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004471	0.000%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.588%	$31K	$794K	20x	as long as short
Orderly PERP_PUMP_USDC	+0.0097%	4h	0.004470	−0.022%	$42K	$10K	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004471	+0.005%	$704K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004471	0.000%	$490K	$778K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004470	−0.020%	$81.4M	$170.4M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004469	−0.045%	$24.3M	$98.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004468	−0.078%	$37K	$191K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004471	0.000%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004468	−0.067%	$5.0M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004475	+0.089%	$23.9M	$13.9M	50x	as long as short
Bitget PUMPUSDTshort	+0.0100%	4h	0.004468	−0.067%	$17.7M	$19.9M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004469	−0.045%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004469	−0.049%	$793K	$189K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004462	−0.207%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004450	−0.469%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004466	−0.112%	$149K	$752K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004474	+0.067%	$108K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004469	−0.052%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004468	−0.067%	$2K	$754K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004470	−0.022%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004453	−0.403%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004466	−0.112%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004472	+0.027%	$42K	$276	5x	as long as short
Nado PUMP-PERP	+0.0101%	1h	0.004469	−0.034%	$1.7M	$2.0M	10x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004467	−0.089%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004469	−0.045%	$60K	—	100x	as long as short
Deribit PUMP_USDC-PERPETUALlong	+0.0198%	1h	0.004471	long leg	$71K	$124K	25x
Extended PUMP-USD	+0.0264%	1h	0.004470	−0.015%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004474	+0.067%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004466	−0.119%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004469	−0.045%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004469	−0.051%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004468	−0.067%	$713K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0510%	1h	0.004475	+0.089%	$167.3M	$55.7M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004474	+0.067%	$532K	$993K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	−0.358%	$39K	$204K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0888%	1h	0.004469	−0.050%	$590	$117K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1338%	1h	0.004472	+0.027%	$1.1M	$3.3M	50x	as long as short