Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.099%

Price spread now: BloFin against Deribit−0.116%7-day average −0.005% · you buy dearer than you sell

Net, funding: paid 7d − costs+$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$520.515% of the position

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.690%+$69 on $10k

Price spread, last 3 days (all we have)+0.002%$0 · spread now −0.116%, 7d avg −0.005%

Together, before fees+0.692%+$69 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.111% cheaper against Deribit than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.005%). If the spread goes back, that is −$11 on $10k: about 26 hours of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004306	0	get 0.0000% / 1h	49m 10s	$68K	$126K	25x
Short	BloFin PUMP-USDT	0.004301	0.0340	get 0.0170% / 4h	2h 49m	$3.4M	$3.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.116%Rate

Funding earned: $71.4
Price spread: −0.116% → −0.005%: −$11.08
Slippage, 4 orders: −$32.52
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $8.8
Costs to cover: 0.515%
Break-even: 6.1 days

Slippage from Deribit: live order book, 39 min ago; BloFin: live order book, 4 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, 39 min ago	9.27 bp	15.1 bp −$15	23.2 bp −$232	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	1.16 bp	10.7 bp −$11	19.0 bp −$190	43.3 bp −$4,328	111.7 bp −$55.9K

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	−0.3689%	1h	0.004305	−0.025%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0488%	1h	0.004304	−0.049%	$770K	$185K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0074%	4h	0.004302	−0.093%	$22.5M	$94.4M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0016%	4h	0.004304	−0.046%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004305	−0.023%	$19K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUALlong	0.0000%	1h	0.004306	long leg	$68K	$126K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004305	−0.031%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0078%	4h	0.004302	−0.093%	$4.6M	$11.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004303	−0.070%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.139%	$29K	$775K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004306	+0.006%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004305	−0.012%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004308	+0.046%	$157.6M	$52.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004305	−0.025%	$782K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004308	+0.046%	$448K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004304	−0.044%	$76.4M	$164.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004312	+0.135%	$20K	$177K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004306	0.000%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004307	+0.023%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004304	−0.046%	$17.0M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004303	−0.070%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004310	+0.096%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004300	−0.151%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004301	−0.116%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004309	+0.070%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004305	−0.032%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004308	+0.046%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004303	−0.070%	$710	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004298	−0.186%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004301	−0.116%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004301	−0.113%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004304	−0.046%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004308	+0.049%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004308	+0.049%	$39K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004309	+0.070%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004308	+0.046%	$656K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004305	−0.023%	$67K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0324%	1h	0.004310	+0.088%	$179	$106K	10x	as long as short
BloFin PUMP-USDTshort	+0.0340%	4h	0.004301	−0.116%	$3.4M	$3.6M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004306	−0.009%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.418%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0689%	1h	0.004308	+0.054%	$1.3M	$3.5M	50x	as long as short