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 +0.023%

Price spread now: Gate against Deribit−0.022%7-day average −0.032% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$570.575% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.192%+$19 on $10k

Price spread, last 4 days (all we have)+0.045%+$5 · spread now −0.022%, 7d avg −0.032%

Together, before fees+0.237%+$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.032%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004474	0	get 0.0000% / 1h	21m 09s	$71K	$124K	25x
Short	Gate PUMP_USDT	0.004473	0.0100	get 0.0050% / 4h	1h 21m	$5.0M	$11.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.022%Rate

Funding earned: $21
Price spread: −0.022% → −0.032%: $0.97
Slippage, 4 orders: −$35.47
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$35.5
Costs to cover: 0.575%
Break-even: 18.8 days

Slippage from Deribit: live order book, 38 min ago; Gate: live order book, 2 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, 38 min ago	6.70 bp	10.2 bp −$10	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.24 bp	18.3 bp −$18	36.8 bp −$368	75.9 bp −$7,586	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	0.004473	−0.022%	$18K	$230K	20x	as long as short
dYdX PUMP-USD	−0.0010%	1h	0.004469	−0.109%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUALlong	0.0000%	1h	0.004474	long leg	$71K	$124K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004473	−0.024%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004475	+0.022%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.654%	$31K	$794K	20x	as long as short
Orderly PERP_PUMP_USDC	+0.0098%	4h	0.004473	−0.022%	$42K	$10K	10x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004474	+0.011%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004475	+0.032%	$705K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004472	−0.045%	$490K	$778K	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	0.004477	+0.064%	$81.5M	$170.4M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004478	+0.089%	$24.3M	$98.5M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004468	−0.145%	$37K	$191K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004476	+0.045%	$41K	$66K	10x	as long as short
Gate PUMP_USDTshort	+0.0100%	4h	0.004473	−0.022%	$5.0M	$11.3M	75x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004482	+0.179%	$23.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004478	+0.089%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004478	+0.089%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004476	+0.042%	$794K	$189K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004462	−0.274%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004469	−0.106%	$1.3M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004473	−0.022%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004479	+0.112%	$107K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004472	−0.040%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004477	+0.067%	$2K	$754K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004474	0.000%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004466	−0.179%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004475	+0.022%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004477	+0.077%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004470	−0.089%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004471	−0.067%	$60K	—	100x	as long as short
Extended PUMP-USD	+0.0264%	1h	0.004473	−0.014%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004479	+0.112%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004466	−0.186%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004478	+0.089%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004473	−0.028%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004470	−0.089%	$714K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0507%	1h	0.004485	+0.246%	$167.7M	$55.7M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004478	+0.101%	$532K	$994K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	−0.425%	$39K	$204K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0885%	1h	0.004470	−0.095%	$590	$117K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1336%	1h	0.004478	+0.078%	$1.1M	$3.3M	50x	as long as short