Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:38 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.022%

Price spread now: Perpl against Deribit+0.045%7-day average −0.033% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days+0.065%+$6 on $10k

Price spread, last 4 days (all we have)+0.001%$0 · spread now +0.045%, 7d avg −0.033%

Together, before fees+0.066%+ Points / potential airdropPerpl: Active · farm board+$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Perpl is 0.077% dearer against Deribit than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004492	0	get 0.0000% / 1h	44m 15s	$71K	$124K	25x
Short	Perpl PUMP	0.004494	0	get 0.0000% / 43m	32m 15s	$18K	$222K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.033%: $7.7
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$13.1
Costs to cover: 0.208%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 15 min ago; Perpl: no order-book sample. Net counts fees only.

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 Perpl no order-book sample	—	—	—	—	—

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.200%	$21K	$9K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004494	+0.045%	$18K	$222K	20x
Deribit PUMP_USDC-PERPETUALlong	0.0000%	1h	0.004492	long leg	$71K	$124K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004492	−0.003%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0093%	4h	0.004493	+0.022%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004495	+0.067%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.048%	$27K	$779K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004494	+0.056%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004495	+0.058%	$708K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004499	+0.156%	$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	0.004494	+0.045%	$82.3M	$169.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004495	+0.067%	$24.5M	$99.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004502	+0.223%	$26K	$187K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004495	+0.067%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004493	+0.022%	$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	0.004492	0.000%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004491	−0.022%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004505	+0.294%	$799K	$187K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004497	+0.121%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004502	+0.232%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004513	+0.467%	$150K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004498	+0.134%	$106K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004493	+0.019%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004491	−0.022%	$2K	$749K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004493	+0.022%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004490	−0.045%	$21K	$116K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004493	+0.022%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004500	+0.169%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004489	−0.067%	$72K	$8K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0231% / S −0.0084%	1h	0.004490	−0.045%	$61K	—	100x	as long as short
Extended PUMP-USD	+0.0288%	1h	0.004491	−0.015%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004496	+0.089%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004508	+0.350%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004504	+0.267%	$3.7M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004493	+0.017%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004500	+0.178%	$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	+0.200%	$168.3M	$56.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0863%	1h	0.004500	+0.170%	$594	$114K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004503	+0.245%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1330%	1h	0.004499	+0.146%	$1.4M	$3.0M	50x	as long as short