Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: Bitget against GRVT+0.402%93s7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$12as 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−$390.389% of the position

Long on GRVT Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.270%+$27 on $10k

Price spread, last 7 days−0.451%−$45 · spread now +0.402%, 7d avg −0.001%

Together, before fees−0.181%+ Points / potential airdropGRVT: Active · farm board−$18 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: Bitget is 0.402% dearer against GRVT than usual: you sell high and buy low, +$40 on $10k if it goes back to its 7-day average of −0.001%. The two prices were read 93 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	0.004483	0.0100	pay 0.0050% / 4h	2h 12m	$1.3M	$10.6M	10x
Short	Bitget PUMPUSDT	0.004501	0.0100	get 0.0050% / 4h	2h 12m	$17.8M	$19.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.402%Rate

Funding earned: $0
Price spread: +0.402% → −0.001%: $40.22
Slippage, 4 orders: −$17.85
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: $1.36
Costs to cover: 0.389%
Break-even: from the start

Slippage from GRVT: live order book, 2 min ago; Bitget: live order book, 2 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, 2 min ago	1.12 bp	6.6 bp −$7	26.8 bp −$268	127.7 bp −$12.8K	doesn't fit
Sell Bitget live order book, 2 min ago	2.23 bp	12.4 bp −$12	27.8 bp −$278	doesn't fit	doesn't fit

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	−0.4890%	1h	0.004487	+0.089%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004492	+0.201%	$18K	$214K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004501	+0.396%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0082%	4h	0.004500	+0.379%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004503	+0.446%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.851%	$29K	$770K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004491	+0.190%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004502	+0.415%	$699K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004486	+0.067%	$521K	$717K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004499	+0.361%	$82.0M	$167.8M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004498	+0.335%	$24.5M	$99.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004482	−0.013%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004488	+0.112%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004499	+0.357%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004502	+0.424%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDTshort	+0.0100%	4h	0.004501	+0.402%	$17.8M	$19.8M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004499	+0.357%	—	$13.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004502	+0.433%	$801K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004493	+0.224%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perplong	+0.0100%	4h	0.004483	long leg	$1.3M	$10.6M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004491	+0.178%	$150K	$752K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004497	+0.312%	$99K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004500	+0.387%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004500	+0.379%	$2K	$744K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004502	+0.424%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004487	+0.089%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004501	+0.402%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004487	+0.081%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004498	+0.335%	$72K	$8K	3x	as long as short
Extended PUMP-USD	+0.0192%	1h	0.004498	+0.343%	$3.8M	$4.3M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0194%	1h	0.004503	+0.446%	$71K	$124K	25x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004496	+0.292%	$43K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0312%	1h	0.004492	+0.201%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004490	+0.161%	$530K	$1.1M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004495	+0.262%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0363% / S −0.0294%	1h	0.004498	+0.335%	$72K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004502	+0.424%	$719K	$5.9M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004513	+0.669%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0743%	1h	0.004510	+0.602%	$169.0M	$55.6M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0854%	1h	0.004498	+0.332%	$594	$112K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1234%	1h	0.004508	+0.566%	$1.3M	$3.1M	50x	as long as short