Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.030%

Price spread now: Extended against GRVT−0.077%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs+$8as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$220.220% of the position

Long on GRVT Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.304%+$30 on $10k

Price spread, last 7 days−0.077%−$8 · spread now −0.077%, 7d avg −0.048%

Together, before fees+0.227%+ Points / potential airdropGRVT: Active · Extended: Active · farm board+$23 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: Extended is 0.030% cheaper against GRVT than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT PUMP_USDT_Perp	0.004376	0.0100	pay 0.0050% / 4h	35m 17s	$1.2M	$9.8M	10x
Short	Extended PUMP-USD	0.004373	0.0104	get 0.0013% / 1h	35m 17s	$3.6M	$3.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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 ExtendedbpOrdersPrice spread, now −0.077%Rate

Funding earned: $0.84
Price spread: −0.077% → −0.048%: −$2.97
Slippage, 4 orders: −$8.05
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$24.17
Costs to cover: 0.220%
Break-even: 208.5 days

Slippage from GRVT: live order book, 4 min ago; Extended: 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, 4 min ago	1.14 bp	6.2 bp −$6	15.4 bp −$154	84.9 bp −$8,495	doesn't fit
Sell Extended live order book, 4 min ago	1.14 bp	3.6 bp −$4	10.2 bp −$102	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
OKX PUMP-USDT-SWAP	−0.0006%	4h	0.004372	−0.096%	$22.9M	$96.6M	50x	as long as short
dYdX PUMP-USD	−0.0005%	1h	0.004376	+0.001%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004375	−0.027%	$18K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004374	−0.050%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004377	+0.018%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0011%	4h	0.004373	−0.073%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004373	−0.073%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.741%	$26K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004375	−0.038%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004376	−0.016%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004375	−0.025%	$731K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004376	−0.005%	$458K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004372	−0.087%	$77.9M	$163.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004373	−0.075%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004376	−0.005%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004374	−0.050%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004379	+0.064%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004373	−0.073%	$17.4M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004375	−0.027%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004377	+0.025%	$780K	$181K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004375	−0.017%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perplong	+0.0100%	4h	0.004376	long leg	$1.2M	$9.8M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004378	+0.041%	$138K	$764K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004379	+0.064%	$97K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004375	−0.033%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004377	+0.018%	$1K	$717K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004373	−0.073%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004375	−0.027%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004372	−0.096%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USDshort	+0.0104%	1h	0.004373	−0.077%	$3.6M	$3.8M	50x
Aevo PUMP-PERP	+0.0104%	1h	0.004371	−0.119%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004380	+0.082%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004381	+0.110%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004378	+0.030%	$486K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0240%	1h	0.004379	+0.064%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004382	+0.133%	$690K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0320% / S −0.0242%	1h	0.004376	−0.005%	$69K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004372	−0.096%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004375	−0.028%	$2	—	3x	as long as short
Hyperliquid PUMP	+0.0382%	1h	0.004382	+0.133%	$161.4M	$52.5M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0467%	1h	0.004381	+0.107%	$182	$105K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0863%	1h	0.004379	+0.068%	$1.3M	$3.5M	50x	as long as short