Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.016%

Price spread now: Aster against Derive−0.073%7-day average — · you buy dearer than you sell

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

Long on Derive Short on Aster

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropAster: Stage 5 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Aster is 0.073% cheaper against Derive than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive PUMP-PERP	0.004336	0.0100	pay 0.0013% / 1h	18m 43s	$5K	$13K	6.7x
Short	Aster PUMPUSDT	0.004333	0.0100	get 0.0050% / 4h	2h 18m	$785K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Derive. 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 DerivebpFee AsterbpOrdersPrice spread, now −0.073%Rate

Funding earned: $0
Price spread: −0.073% → 0.000%: −$7.33
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Aster: 4 bp × 2 orders: −$8
Net: −$21.33
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Aster: live order book, 5 min ago. 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 Derive no order-book sample	—	—	—	—	—
Sell Aster live order book, 5 min ago	3.45 bp	14.2 bp −$14	22.5 bp −$225	doesn't fit	doesn't fit

Derive: 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	−0.4815%	1h	0.004335	−0.031%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0230%	1h	0.004335	−0.036%	$773K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004335	−0.029%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0070%	4h	0.004333	−0.075%	$22.7M	$96.1M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0023%	4h	0.004334	−0.052%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004337	+0.017%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004336	−0.011%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0070%	4h	0.004334	−0.052%	$4.6M	$11.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004333	−0.075%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004336	−0.006%	$6K	$497	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	−0.836%	$29K	$766K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004333	−0.065%	$42K	—	5x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004339	+0.063%	$159.1M	$52.4M	10x	as long as short
Aster PUMPUSDTshort	+0.0100%	4h	0.004333	−0.073%	$785K	$2.0M	50x
Pacifica PUMP	+0.0100%	1h	0.004335	−0.029%	$449K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004334	−0.052%	$77.0M	$164.3M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004345	+0.190%	$26K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004333	−0.075%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004338	+0.040%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004334	−0.052%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004334	−0.052%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004341	+0.098%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004352	+0.358%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004342	+0.132%	$137K	$769K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004335	−0.017%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004339	+0.063%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERPlong	+0.0100%	1h	0.004336	long leg	$5K	$13K	6.7x
SunX PUMP-USDT	+0.0100%	4h	0.004336	−0.006%	$1K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004334	−0.052%	$715	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004335	−0.029%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004335	−0.029%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004332	−0.097%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004333	−0.075%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004336	0.000%	$492K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004348	+0.280%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004343	+0.155%	$659K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0225%	1h	0.004335	−0.029%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004334	−0.052%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004335	−0.021%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0345%	1h	0.004338	+0.036%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.283%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0684%	1h	0.004341	+0.109%	$1.3M	$3.5M	50x	as long as short