Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0316%/8h= +34.6% APRpaid last 24h +0.027%

Price spread now: Phemex against Deribit−0.116%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$106as in the Price arb table

costs, in and out, $10k−$960.961% of the position

Long on Deribit Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.277%+$28 on $10k

Price spread, last 3 days (all we have)+0.071%+$7 · spread now −0.116%, 7d avg −0.021%

Together, before fees+0.348%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phemex is 0.096% cheaper against Deribit than usual: you would sell low and buy high (spread −0.116% now, against its 7-day average of −0.021%). If the spread goes back, that is −$10 on $10k: about 24 hours of funding at the current rate (+$9 a day). At the pace of the last 7 days (+0.277% in total) that is about 2.4 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004292	−0.0216	get 0.0027% / 1h	47m 39s	$68K	$126K	25x
Short	Phemex PUMPUSDT	0.004287	0.0100	get 0.0050% / 4h	2h 47m	$2.0M	$4.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.116%Rate

Funding earned: $66.36
Price spread: −0.116% → −0.021%: −$9.57
Slippage, 4 orders: −$77.09
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$39.3
Costs to cover: 0.961%
Break-even: 11.1 days

Slippage from Deribit: live order book, 40 min ago; Phemex: live order book, 6 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, 40 min ago	9.27 bp	15.1 bp −$15	23.2 bp −$232	doesn't fit	doesn't fit
Sell Phemex live order book, 6 min ago	10.45 bp	35.2 bp −$35	doesn't fit	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	−0.3384%	1h	0.004299	+0.162%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0509%	1h	0.004291	−0.021%	$768K	$184K	5x	as long as short
Deribit PUMP_USDC-PERPETUALlong	−0.0216%	1h	0.004292	long leg	$68K	$126K	25x
OKX PUMP-USDT-SWAP	−0.0069%	4h	0.004294	+0.047%	$22.5M	$94.2M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0016%	4h	0.004290	−0.047%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004299	+0.163%	$19K	$204K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004296	+0.102%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004295	+0.070%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−2.144%	$28K	$775K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004296	+0.101%	$41K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004294	+0.058%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004299	+0.163%	$157.2M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004292	+0.001%	$779K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004296	+0.093%	$446K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004295	+0.078%	$76.2M	$165.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004306	+0.319%	$20K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004296	+0.093%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004295	+0.070%	$4.6M	$11.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004297	+0.116%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004295	+0.070%	$16.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004294	+0.047%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004310	+0.423%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004300	+0.175%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004301	+0.210%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004300	+0.186%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004291	−0.018%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004301	+0.210%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004289	−0.070%	$707	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004287	−0.116%	$21K	$146K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004287	−0.116%	$2.0M	$4.0M	20x
Extended PUMP-USD	+0.0104%	1h	0.004295	+0.073%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004290	−0.047%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004299	+0.151%	$489K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004308	+0.375%	$39K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004298	+0.140%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004293	+0.023%	$651K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004295	+0.070%	$66K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0312%	1h	0.004309	+0.386%	$179	$107K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004301	+0.210%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004298	+0.131%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.746%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0692%	1h	0.004294	+0.043%	$1.3M	$3.5M	50x	as long as short