Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0114%/8h= +12.5% APRpaid last 24h +0.009%

Price spread now: Nado against GRVT+0.238%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$8as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on GRVT Short on Nado

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.017%+$2 on $10k

Price spread, last 7 days−0.149%−$15 · spread now +0.238%, 7d avg +0.047%

Together, before fees−0.132%+ Points / potential airdropGRVT: Active · Nado: Active · farm board−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Nado is 0.191% dearer against GRVT than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT PUMP_USDT_Perp	0.004497	0.0100	pay 0.0050% / 4h	1h 31m	$1.3M	$10.7M	10x
Short	Nado PUMP-PERP	0.004507	0.0214	get 0.0027% / 1h	31m 30s	$1.6M	$2.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Nado 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 NadobpOrdersPrice spread, now +0.238%Rate

Funding earned: $23.92
Price spread: +0.238% → +0.047%: $19.09
Slippage, 4 orders: −$10.59
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Nado: 3.5 bp × 2 orders: −$7
Net: $16.41
Costs to cover: 0.266%
Break-even: 2.2 days

Slippage from GRVT: live order book, 6 min ago; Nado: live order book, 5 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	6.5 bp −$7	24.3 bp −$243	108.8 bp −$10.9K	doesn't fit
Sell Nado live order book, 5 min ago	1.11 bp	5.9 bp −$6	15.1 bp −$151	doesn't fit	doesn't fit

PUMP on 41 exchanges

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	−0.0276%	1h	0.004495	−0.043%	$21K	$12K	5x	as long as short
Gate PUMP_USDT	−0.0116%	4h	0.004503	+0.138%	$4.8M	$9.7M	75x	as long as short
Perpl PUMP	0.0000%	43m	0.004501	+0.093%	$18K	$270K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004505	+0.173%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004508	+0.249%	$2.9M	$2.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	+0.071%	$32K	$593K	20x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004513	+0.360%	$168.0M	$47.2M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004504	+0.160%	$843K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004507	+0.227%	$510K	$835K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004508	+0.244%	$81.8M	$174.0M	75x	as long as short

Show all 41 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004507	+0.227%	$24.5M	$101.7M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004503	+0.135%	$22K	$155K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004509	+0.271%	$52K	$155K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004508	+0.249%	$24.8M	$13.5M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004507	+0.227%	$18.0M	$18.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004505	+0.182%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004503	+0.129%	$821K	$220K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004491	−0.140%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perplong	+0.0100%	4h	0.004497	long leg	$1.3M	$10.7M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004508	+0.249%	$121K	$765K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004509	+0.271%	$84K	$1.8M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004501	+0.093%	$42K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004507	+0.227%	$2K	$774K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004503	+0.138%	$546	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004506	+0.204%	$23K	$127K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004502	+0.115%	$1.9M	$3.8M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004507	+0.234%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004505	+0.183%	$3.8M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004506	+0.204%	$67K	$10K	3x	as long as short
01 Exchange PUMPUSD	+0.0112%	1h	0.004482	−0.329%	$6K	$333	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0194%	1h	0.004504	+0.160%	$69K	$102K	25x	as long as short
Nado PUMP-PERPshort	+0.0214%	1h	0.004507	+0.238%	$1.6M	$2.1M	10x
Injective PUMP/USDC PERP	+0.0251%	1h	0.004542	+1.005%	$36K	$205K	12x	as long as short
Phoenix PUMP	+0.0298%	1h	0.004511	+0.316%	$44K	$144K	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0278%	1h	0.004507	+0.227%	$65K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004493	−0.085%	$3.8M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004494	−0.053%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004506	+0.204%	$697K	$6.0M	50x	as long as short
RISEx PUMP/USDC	+0.0558%	1h	0.004503	+0.135%	$555K	$866K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0628%	1h	0.004506	+0.207%	$1.1M	$3.1M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0642%	1h	0.004507	+0.224%	$1K	$119K	10x	as long as short