Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.4565%/8h= −499.9% APRpaid last 24h −0.122%

Price spread now: dYdX against GRVT−0.487%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on GRVT Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropGRVT: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$137 a day on $10k at the current rate, and dYdX is 0.487% cheaper against GRVT than usual: you would sell low and buy high (−$49 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

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 51m	$1.2M	$9.5M	10x
Short	dYdX PUMP-USD	0.004300	−0.4465	pay 0.0558% / 1h	51m 11s	$20K	$8K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now −0.487%Rate

Funding earned: −$958.7
Price spread: −0.487% → 0.000%: −$48.7
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$1,026.4
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 3 min ago; dYdX: no order-book sample. Net counts fees only.

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, 3 min ago	1.16 bp	6.4 bp −$6	18.8 bp −$188	126.4 bp −$12.6K	doesn't fit
Sell dYdX no order-book sample	—	—	—	—	—

dYdX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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-USDshort	−0.4465%	1h	0.004300	−0.487%	$20K	$8K	5x
Backpack PUMP_USDC_PERP	−0.0462%	1h	0.004299	−0.502%	$769K	$185K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0075%	4h	0.004299	−0.509%	$22.5M	$94.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0015%	4h	0.004298	−0.532%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004297	−0.555%	$19K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004301	−0.463%	$68K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004299	−0.514%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0066%	4h	0.004298	−0.532%	$4.6M	$11.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004299	−0.509%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−2.800%	$28K	$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	0.004298	−0.532%	$41K	—	5x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004305	−0.370%	$157.5M	$52.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004299	−0.502%	$781K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004298	−0.532%	$447K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004301	−0.463%	$76.3M	$164.9M	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	0.004298	−0.532%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004300	−0.486%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004299	−0.509%	$16.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004299	−0.509%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004310	−0.251%	$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 PUMPUSDT	+0.0100%	1h	0.004314	−0.162%	$136K	$767K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004296	−0.567%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004300	−0.486%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004300	−0.485%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004299	−0.509%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004297	−0.555%	$709	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004296	−0.579%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004295	−0.602%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004298	−0.529%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004298	−0.532%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004300	−0.486%	$490K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004311	−0.238%	$39K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004298	−0.532%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004302	−0.440%	$654K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004299	−0.509%	$66K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0329%	1h	0.004312	−0.210%	$271	$106K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004299	−0.509%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004297	−0.564%	$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	+0.0690%	1h	0.004303	−0.424%	$1.3M	$3.5M	50x	as long as short