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 +0.007%

Price spread now: GRVT against Deribit+0.107%7-day average −0.064% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on Deribit Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 3 days (all we have)−0.118%−$12 · spread now +0.107%, 7d avg −0.064%

Together, before fees−0.124%+ Points / potential airdropGRVT: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.171% dearer against Deribit than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.064%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004328	0	get 0.0000% / 1h	14m 22s	$69K	$126K	25x
Short	GRVT PUMP_USDT_Perp	0.004333	0.0100	get 0.0050% / 4h	2h 14m	$1.2M	$9.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.107%Rate

Funding earned: $21
Price spread: +0.107% → −0.064%: $17.1
Slippage, 4 orders: −$28.66
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$6.56
Costs to cover: 0.447%
Break-even: 9.2 days

Slippage from Deribit: live order book, 9 min ago; GRVT: live order book, 5 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, 9 min ago	9.19 bp	12.7 bp −$13	22.3 bp −$223	doesn't fit	doesn't fit
Sell GRVT live order book, 5 min ago	1.15 bp	6.4 bp −$6	38.9 bp −$389	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
dYdX PUMP-USD	−0.5089%	1h	0.004331	+0.064%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0227%	1h	0.004327	−0.025%	$771K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004326	−0.046%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0065%	4h	0.004326	−0.046%	$22.6M	$95.7M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0025%	4h	0.004326	−0.046%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUALlong	0.0000%	1h	0.004328	long leg	$69K	$126K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004327	−0.012%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0056%	4h	0.004326	−0.046%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0088%	1h	0.004329	+0.023%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004327	−0.023%	$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	−0.647%	$29K	$766K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004327	−0.032%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004326	−0.035%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004333	+0.116%	$158.8M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004325	−0.069%	$780K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004328	0.000%	$449K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004327	−0.030%	$76.8M	$164.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004331	+0.079%	$25K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004327	−0.023%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004330	+0.046%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004327	−0.023%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004325	−0.069%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004333	+0.109%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perpshort	+0.0100%	4h	0.004333	+0.107%	$1.2M	$9.7M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004336	+0.185%	$137K	$770K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004330	+0.046%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004328	−0.001%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004328	0.000%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004325	−0.069%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004331	+0.069%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004329	+0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004326	−0.049%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004325	−0.069%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004329	+0.020%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004335	+0.169%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004334	+0.139%	$658K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0225%	1h	0.004327	−0.023%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004326	−0.046%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0342%	1h	0.004333	+0.124%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004326	−0.040%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.092%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0686%	1h	0.004331	+0.079%	$1.3M	$3.5M	50x	as long as short