Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.020%

Price spread now: ApeX Omni against GRVT−0.069%7-day average +0.096% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$59as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on GRVT Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.278%+$28 on $10k

Price spread, last 3 days (all we have)+0.258%+$26 · spread now −0.069%, 7d avg +0.096%

Together, before fees+0.537%+ Points / potential airdropGRVT: Active · farm board+$54 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: ApeX Omni is 0.165% cheaper against GRVT than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of +0.096%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT PUMP_USDT_Perp	0.004321	0.0100	pay 0.0050% / 4h	2h 52m	$1.2M	$9.5M	10x
Short	ApeX Omni PUMPUSDT	0.004318	0.0100	get 0.0013% / 1h	52m 54s	$136K	$767K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now −0.069%Rate

Funding earned: $0
Price spread: −0.069% → +0.096%: −$16.49
Slippage, 4 orders: −$23.2
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$58.69
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; ApeX Omni: live order book, 36 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, 1 min ago	1.16 bp	6.4 bp −$6	18.8 bp −$188	126.4 bp −$12.6K	doesn't fit
Sell ApeX Omni live order book, 36 min ago	5.80 bp	14.5 bp −$15	98.5 bp −$985	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	−0.5011%	1h	0.004316	−0.116%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0303%	1h	0.004311	−0.243%	$771K	$185K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0065%	4h	0.004308	−0.301%	$22.5M	$94.7M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0015%	4h	0.004311	−0.231%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004312	−0.208%	$20K	$202K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004313	−0.185%	$68K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004313	−0.193%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0092%	4h	0.004309	−0.278%	$4.6M	$11.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004312	−0.208%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.486%	$29K	$775K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004310	−0.247%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004313	−0.174%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004317	−0.093%	$158.0M	$52.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004307	−0.318%	$782K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004309	−0.278%	$448K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004308	−0.308%	$76.4M	$165.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004312	−0.213%	$20K	$177K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004314	−0.162%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004313	−0.185%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004309	−0.278%	$17.1M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004306	−0.347%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004320	−0.013%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perplong	+0.0100%	4h	0.004321	long leg	$1.2M	$9.5M	10x
ApeX Omni PUMPUSDTshort	+0.0100%	1h	0.004318	−0.069%	$136K	$767K	50x
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004316	−0.116%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004312	−0.206%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004311	−0.231%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004310	−0.255%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004305	−0.370%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004311	−0.231%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004309	−0.276%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004311	−0.231%	$71K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0120%	1h	0.004317	−0.093%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004315	−0.134%	$492K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004322	+0.035%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004313	−0.185%	$654K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004312	−0.208%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004309	−0.278%	$3.4M	$3.6M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0342%	1h	0.004317	−0.099%	$179	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004313	−0.194%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.069%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0688%	1h	0.004314	−0.152%	$1.3M	$3.5M	50x	as long as short