Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Derive+0.033%56s7-day average — · you sell dearer than you buy

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

Long on Derive Short on Binance

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—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.033% dearer against Derive than usual: you sell high and buy low, +$3 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive PUMP-PERP	0.004469	0.0100	pay 0.0013% / 1h	22m 30s	$5K	$13K	6.7x
Short	Binance PUMPUSDT	0.004470	0.0100	get 0.0050% / 4h	1h 22m	$81.4M	$170.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.033%Rate

Funding earned: $0
Price spread: +0.033% → 0.000%: $3.27
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Binance: 5 bp × 2 orders: −$10
Net: −$12.73
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; Binance: live order book, 6 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 Binance live order book, 6 min ago	1.13 bp	9.0 bp −$9	21.4 bp −$214	55.9 bp −$5,589	221.6 bp −$110.8K

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
Perpl PUMP	−0.0112%	43m	0.004467	−0.037%	$18K	$229K	20x	as long as short
dYdX PUMP-USD	−0.0010%	1h	0.004469	+0.010%	$20K	$9K	5x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004469	0.000%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004471	+0.052%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.536%	$31K	$794K	20x	as long as short
Orderly PERP_PUMP_USDC	+0.0097%	4h	0.004470	+0.030%	$42K	$10K	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004471	+0.057%	$704K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004471	+0.052%	$490K	$778K	10x	as long as short
Binance PUMPUSDTshort	+0.0100%	4h	0.004470	+0.033%	$81.4M	$170.4M	75x
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004469	+0.008%	$24.3M	$98.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004468	−0.026%	$37K	$191K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004471	+0.052%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004468	−0.015%	$5.0M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004475	+0.142%	$23.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004468	−0.015%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004469	+0.008%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004469	+0.003%	$793K	$189K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004462	−0.155%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004450	−0.417%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004466	−0.060%	$149K	$752K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004474	+0.119%	$108K	$2.1M	10x	as long as short
Derive PUMP-PERPlong	+0.0100%	1h	0.004469	long leg	$5K	$13K	6.7x
SunX PUMP-USDT	+0.0100%	4h	0.004468	−0.015%	$2K	$754K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004470	+0.030%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004453	−0.350%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004466	−0.060%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004472	+0.079%	$42K	$276	5x	as long as short
Nado PUMP-PERP	+0.0101%	1h	0.004469	+0.019%	$1.7M	$2.0M	10x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004467	−0.037%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004469	+0.008%	$60K	—	100x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0198%	1h	0.004471	+0.052%	$71K	$124K	25x	as long as short
Extended PUMP-USD	+0.0264%	1h	0.004470	+0.037%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004474	+0.119%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004466	−0.066%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004469	+0.008%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004469	+0.002%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004468	−0.015%	$713K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0510%	1h	0.004475	+0.142%	$167.3M	$55.7M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004474	+0.119%	$532K	$993K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	−0.306%	$39K	$204K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0888%	1h	0.004469	+0.002%	$590	$117K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1338%	1h	0.004472	+0.080%	$1.1M	$3.3M	50x	as long as short