Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.002%

Price spread now: BingX against GRVT−0.103%54s7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as 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−$300.296% of the position

Long on GRVT Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.240%+$24 on $10k

Price spread, last 7 days+0.098%+$10 · spread now −0.103%, 7d avg −0.015%

Together, before fees+0.338%+ Points / potential airdropGRVT: Active · farm board+$34 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: BingX is 0.088% cheaper against GRVT than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.015%. The two prices were read 54 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	0.004533	0.0100	pay 0.0050% / 4h	1h 08m	$1.3M	$10.5M	10x
Short	BingX PUMP-USDT	0.004528	0.0100	get 0.0050% / 4h	1h 08m	—	$14.2M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.103%Rate

Funding earned: $0
Price spread: −0.103% → −0.015%: −$8.76
Slippage, 4 orders: −$10.57
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$38.33
Costs to cover: 0.296%
Break-even: never at this rate

Slippage from GRVT: live order book, 6 min ago; BingX: live order book, 15 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, 6 min ago	1.11 bp	6.6 bp −$7	29.2 bp −$292	121.0 bp −$12.1K	doesn't fit
Sell BingX live order book, 15 min ago	1.10 bp	10.1 bp −$10	15.6 bp −$156	44.0 bp −$4,400	159.1 bp −$79.5K

PUMP on 41 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	−0.0006%	1h	0.004529	−0.077%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004527	−0.125%	$18K	$266K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004528	−0.106%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0094%	4h	0.004526	−0.147%	$5.0M	$10.5M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004531	−0.036%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.720%	$30K	$642K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004529	−0.075%	$829K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004529	−0.081%	$534K	$859K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004531	−0.038%	$83.0M	$172.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004528	−0.103%	$24.9M	$98.7M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004535	+0.045%	$27K	$157K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004531	−0.036%	$65K	$100K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004531	−0.036%	$24.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004529	−0.081%	$17.8M	$19.2M	75x	as long as short
BingX PUMP-USDTshort	+0.0100%	4h	0.004528	−0.103%	—	$14.2M	—
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004528	−0.100%	$810K	$199K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004518	−0.324%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perplong	+0.0100%	4h	0.004533	long leg	$1.3M	$10.5M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004537	+0.096%	$153K	$745K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004533	+0.008%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004528	−0.103%	$43K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004530	−0.059%	$2K	$769K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004528	−0.103%	$284	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004529	−0.081%	$22K	$83K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004528	−0.103%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004531	−0.036%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004529	−0.075%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004526	−0.147%	$67K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0211%	1h	0.004530	−0.047%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0303% / S −0.0274%	1h	0.004527	−0.125%	$65K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004532	−0.014%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004531	−0.036%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004532	−0.020%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004538	+0.129%	$48K	$139K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0413%	1h	0.004530	−0.059%	$69K	$116K	25x	as long as short
Hyperliquid PUMP	+0.0507%	1h	0.004535	+0.052%	$169.4M	$50.9M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004534	+0.030%	$731K	$5.9M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0545%	1h	0.004530	−0.051%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004537	+0.096%	$38K	$205K	12x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004533	+0.005%	$540K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1022%	1h	0.004531	−0.040%	$501	$112K	10x	as long as short