Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0781%/8h= +85.6% APRpaid last 24h +0.132%

Price spread now: Aftermath Perps against GRVT+0.173%53s7-day average +0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$580.584% of the position

Long on GRVT Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.378%+$38 on $10k

Price spread, last 4 days (all we have)+0.299%+$30 · spread now +0.173%, 7d avg +0.105%

Together, before fees+0.677%+ Points / potential airdropGRVT: Active · farm board+$68 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$23 a day on $10k at the current rate, and Aftermath Perps is 0.068% dearer against GRVT than usual: you sell high and buy low: +$7 more if the spread goes back to its 7-day average of +0.105%. The two prices were read 53 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	GRVT PUMP_USDT_Perp	0.004401	0.0100	pay 0.0050% / 4h	55m 35s	$1.2M	$10.5M	10x
Short	Aftermath Perps PUMPUSD	0.004408	0.0881	get 0.0110% / 1h	55m 35s	$582	$115K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against GRVT. 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 GRVTbpFee Aftermath PerpsbpOrdersPrice spread, now +0.173%Rate

Funding earned: $164.11
Price spread: +0.173% → +0.105%: $6.81
Slippage, 4 orders: −$40.38
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: $112.54
Costs to cover: 0.584%
Break-even: 2.2 days

Slippage from GRVT: live order book, 4 min ago; Aftermath Perps: live order book, 3 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 GRVT live order book, 4 min ago	1.14 bp	6.5 bp −$7	18.9 bp −$189	102.9 bp −$10.3K	doesn't fit
Sell Aftermath Perps live order book, 3 min ago	5.11 bp	25.3 bp −$25	doesn't fit	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
Backpack PUMP_USDC_PERP	−0.0584%	1h	0.004405	+0.103%	$780K	$197K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004405	+0.098%	$18K	$233K	20x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004398	−0.055%	$20K	$9K	5x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004404	+0.076%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004398	−0.061%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−2.288%	$28K	$819K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004406	+0.132%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004399	−0.030%	$692K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004397	−0.084%	$488K	$817K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004393	−0.175%	$79.7M	$172.0M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004392	−0.197%	$23.9M	$97.0M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004378	−0.520%	$36K	$186K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004393	−0.175%	$64K	$91K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004395	−0.129%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004397	−0.084%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004392	−0.197%	$17.5M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004394	−0.152%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004389	−0.258%	$64K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perplong	+0.0100%	4h	0.004401	long leg	$1.2M	$10.5M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004401	+0.007%	$147K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004408	+0.166%	$97K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004405	+0.098%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004406	+0.112%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004405	+0.098%	$2K	$761K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004406	+0.121%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004402	+0.030%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004406	+0.121%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004395	−0.118%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004403	+0.053%	$70K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004403	+0.053%	$59K	—	100x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0204%	1h	0.004408	+0.166%	$70K	$124K	25x	as long as short
Extended PUMP-USD	+0.0208%	1h	0.004392	−0.208%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0240%	1h	0.004394	−0.152%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004406	+0.130%	$43K	$102K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004399	−0.038%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004405	+0.094%	$2	—	3x	as long as short
Hyperliquid PUMP	+0.0410%	1h	0.004403	+0.053%	$164.5M	$56.1M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004411	+0.235%	$696K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004395	−0.134%	$522K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004409	+0.189%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0804%	1h	0.004409	+0.178%	$1.1M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSDshort	+0.0881%	1h	0.004408	+0.173%	$582	$115K	10x