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% APRnext payment +$0.00 per $10,000 · paid last 24h −0.001%

Price spread now: Aster against GRVT+0.126%70s7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

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

costs, in and out, $10k−$340.343% of the position

Long on GRVT Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.257%+$26 on $10k

Price spread, last 7 days−0.085%−$9 · spread now +0.126%, 7d avg −0.009%

Together, before fees+0.172%+ Points / potential airdropGRVT: Active · Aster: Stage 5 · farm board+$17 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: Aster is 0.135% dearer against GRVT than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of −0.009%. The two prices were read 70 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	0.004327	0.0100	pay 0.0050% / 4h	1h 24m	$1.2M	$9.7M	10x
Short	Aster PUMPUSDT	0.004332	0.0100	get 0.0050% / 4h	1h 24m	$784K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.126%Rate

Funding earned: $0
Price spread: +0.126% → −0.009%: $13.55
Slippage, 4 orders: −$17.3
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Aster: 4 bp × 2 orders: −$8
Net: −$20.75
Costs to cover: 0.343%
Break-even: never at this rate

Slippage from GRVT: live order book, 5 min ago; Aster: live order book, 4 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, 5 min ago	1.15 bp	6.7 bp −$7	26.6 bp −$266	868.4 bp −$86.8K	doesn't fit
Sell Aster live order book, 4 min ago	4.63 bp	10.4 bp −$10	22.5 bp −$225	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	−0.5303%	1h	0.004334	+0.173%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0047%	4h	0.004333	+0.150%	$22.7M	$95.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0008%	4h	0.004333	+0.150%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004332	+0.126%	$20K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004335	+0.196%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004334	+0.174%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0051%	1h	0.004333	+0.150%	$772K	$180K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004334	+0.173%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004334	+0.173%	$6K	$497	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.613%	$29K	$764K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate PUMP_USDT	+0.0098%	4h	0.004331	+0.103%	$4.6M	$11.7M	75x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004333	+0.140%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004332	+0.115%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004337	+0.242%	$158.8M	$52.2M	10x	as long as short
Aster PUMPUSDTshort	+0.0100%	4h	0.004332	+0.126%	$784K	$2.0M	50x
Pacifica PUMP	+0.0100%	1h	0.004335	+0.196%	$449K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004332	+0.126%	$77.1M	$163.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004333	+0.154%	$25K	$173K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004333	+0.150%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004335	+0.196%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004334	+0.173%	$17.2M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004332	+0.126%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004326	−0.023%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perplong	+0.0100%	4h	0.004327	long leg	$1.2M	$9.7M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004330	+0.080%	$137K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004334	+0.173%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004333	+0.155%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004325	−0.035%	$2K	$712K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004331	+0.103%	$714	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004319	−0.174%	$21K	$139K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004330	+0.080%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004331	+0.096%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004334	+0.173%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004334	+0.179%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004329	+0.064%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004333	+0.150%	$666K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0312% / S −0.0230%	1h	0.004334	+0.173%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004329	+0.057%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004330	+0.079%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0417%	1h	0.004328	+0.028%	$180	$107K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004333	+0.150%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0807%	1h	0.004338	+0.264%	$1.3M	$3.5M	50x	as long as short