Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h +0.028%

Price spread now: GRVT against gTrade (Gains Network)+0.133%52s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)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

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and GRVT is 0.133% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$13 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	gTrade (Gains Network) PUMP/USD	0.004468	L +0.0002% / S −0.0002%	pay 0.0000% / 1h	15m 27s	$54K	—	150x
Short	GRVT PUMP_USDT_Perp	0.004474	0.0100	get 0.0050% / 4h	1h 15m	$1.2M	$10.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee GRVTbpOrdersPrice spread, now +0.133%Rate

Funding earned: $20.51
Price spread: +0.133% → 0.000%: $13.33
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $14.84
Costs to cover: 0.190%
Break-even: 1.9 days

Slippage unknown: gTrade (Gains Network): no order-book sample; GRVT: live order book, 4 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell GRVT live order book, 4 min ago	1.11 bp	6.5 bp −$7	33.5 bp −$335	doesn't fit	doesn't fit

gTrade (Gains Network): 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	0.004465	−0.063%	$18K	$230K	20x	as long as short
dYdX PUMP-USD	−0.0009%	1h	0.004466	−0.039%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004468	+0.004%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USDlong	L +0.0002% / S −0.0002%	1h	0.004468	long leg	$54K	—	150x
Lighter PUMP	+0.0096%	1h	0.004466	−0.041%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.518%	$31K	$792K	20x	as long as short
Orderly PERP_PUMP_USDC	+0.0099%	4h	0.004468	+0.004%	$42K	$10K	10x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004469	+0.037%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004464	−0.086%	$702K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004466	−0.041%	$489K	$783K	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	0.004468	+0.006%	$81.3M	$170.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004468	+0.004%	$24.3M	$98.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004464	−0.088%	$37K	$191K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004470	+0.049%	$61K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004466	−0.041%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004468	+0.004%	$23.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004467	−0.019%	$17.7M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004468	+0.004%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004463	−0.099%	$792K	$189K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004478	+0.231%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perpshort	+0.0100%	4h	0.004474	+0.133%	$1.2M	$10.7M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004479	+0.250%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004472	+0.093%	$108K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004468	−0.001%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004468	+0.004%	$2K	$754K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004467	−0.019%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004468	+0.004%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004467	−0.019%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004469	+0.019%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004464	−0.086%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004468	+0.004%	$60K	—	100x	as long as short
Extended PUMP-USD	+0.0264%	1h	0.004467	−0.012%	$3.9M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004471	+0.071%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004476	+0.181%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004475	+0.160%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004467	−0.025%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004477	+0.205%	$714K	$6.0M	50x	as long as short
Hyperliquid PUMP	+0.0497%	1h	0.004475	+0.160%	$167.4M	$55.9M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004470	+0.060%	$531K	$994K	10x	as long as short
Aftermath Perps PUMPUSD	+0.0866%	1h	0.004474	+0.131%	$591	$117K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	−0.287%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1339%	1h	0.004469	+0.034%	$1.1M	$3.3M	50x	as long as short