Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0070%/8h= −7.7% APRpaid last 24h −0.026%

Price spread now: Deribit against Gate+0.069%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$670.670% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.193%−$19 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.069%, 7d avg +0.032%

Together, before fees−0.239%−$24 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.037% dearer against Gate than usual: you sell high and buy low (spread +0.069% now, against its 7-day average of +0.032%): +$4 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 42 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PUMP_USDT	0.004333	0.0070	pay 0.0035% / 4h	2h 17m	$4.6M	$11.7M	75x
Short	Deribit PUMP_USDC-PERPETUAL	0.004336	0	get 0.0000% / 1h	17m 58s	$69K	$126K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now +0.069%Rate

Funding earned: −$14.7
Price spread: +0.069% → +0.032%: $3.72
Slippage, 4 orders: −$44.96
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$77.95
Costs to cover: 0.670%
Break-even: never at this rate

Slippage from Gate: live order book, 1 min ago; Deribit: live order book, 5 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 Gate live order book, 1 min ago	3.46 bp	15.2 bp −$15	34.5 bp −$345	77.9 bp −$7,787	doesn't fit
Sell Deribit live order book, 5 min ago	9.19 bp	17.2 bp −$17	27.4 bp −$274	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	−0.4815%	1h	0.004335	+0.044%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0224%	1h	0.004332	−0.018%	$772K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004333	0.000%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0069%	4h	0.004330	−0.069%	$22.6M	$96.0M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0024%	4h	0.004334	+0.023%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUALshort	0.0000%	1h	0.004336	+0.069%	$69K	$126K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004335	+0.037%	$55K	—	150x	as long as short
Gate PUMP_USDTlong	+0.0070%	4h	0.004333	long leg	$4.6M	$11.7M	75x
Lighter PUMP	+0.0096%	1h	0.004333	0.000%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004334	+0.023%	$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	−0.762%	$29K	$766K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004333	+0.010%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004333	+0.012%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004337	+0.092%	$159.0M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004332	−0.023%	$785K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004335	+0.046%	$449K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004330	−0.065%	$76.9M	$164.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004345	+0.265%	$26K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004333	0.000%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004339	+0.138%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004330	−0.069%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004331	−0.046%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004341	+0.174%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004352	+0.434%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004342	+0.208%	$137K	$769K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004338	+0.115%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004335	+0.052%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004335	+0.046%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004333	0.000%	$715	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004334	+0.023%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004333	0.000%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004330	−0.069%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004332	−0.023%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004336	+0.075%	$492K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004348	+0.355%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004343	+0.231%	$659K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0225%	1h	0.004334	+0.023%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004334	+0.023%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0341%	1h	0.004337	+0.091%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004332	−0.015%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.208%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0684%	1h	0.004341	+0.176%	$1.3M	$3.5M	50x	as long as short