Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.015%

Price spread now: GRVT against Derive+0.137%73s7-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 GRVT

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 airdropGRVT: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.137% dearer against Derive than usual: you sell high and buy low, +$14 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 73 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	0.004368	0.0100	pay 0.0013% / 1h	12m 04s	$5K	$13K	6.7x
Short	GRVT PUMP_USDT_Perp	0.004374	0.0100	get 0.0050% / 4h	12m 04s	$1.2M	$9.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.137%Rate

Funding earned: $0
Price spread: +0.137% → 0.000%: $13.68
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$1.32
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; GRVT: live order book, 2 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 GRVT live order book, 2 min ago	1.14 bp	6.5 bp −$7	21.2 bp −$212	133.8 bp −$13.4K	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	−0.0053%	1h	0.004373	+0.125%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004367	−0.022%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004369	+0.024%	$69K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004369	+0.029%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0006%	4h	0.004365	−0.067%	$22.8M	$97.0M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0020%	4h	0.004367	−0.022%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004365	−0.067%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.555%	$31K	$772K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004367	−0.022%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004370	+0.036%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004366	−0.051%	$729K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004370	+0.047%	$456K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004363	−0.113%	$77.9M	$164.5M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004367	−0.015%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004369	+0.024%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004367	−0.022%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004366	−0.044%	$23.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004364	−0.090%	$17.4M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004366	−0.044%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004363	−0.104%	$777K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004380	+0.278%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perpshort	+0.0100%	4h	0.004374	+0.137%	$1.2M	$9.9M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004386	+0.413%	$138K	$763K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004372	+0.093%	$95K	$1.9M	10x	as long as short
Derive PUMP-PERPlong	+0.0100%	1h	0.004368	long leg	$5K	$13K	6.7x
SunX PUMP-USDT	+0.0100%	4h	0.004365	−0.067%	$2K	$720K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004364	−0.090%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004377	+0.207%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004366	−0.044%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004367	−0.029%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004365	−0.067%	$72K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0139%	1h	0.004369	+0.024%	$160.6M	$53.3M	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004388	+0.462%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004382	+0.322%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004369	+0.024%	$488K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004369	+0.024%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004374	+0.139%	$693K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0329% / S −0.0258%	1h	0.004368	+0.001%	$71K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004373	+0.116%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004368	−0.001%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0474%	1h	0.004371	+0.070%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0864%	1h	0.004370	+0.046%	$1.3M	$3.5M	50x	as long as short