Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.026%

Price spread now: Perpl against GRVT+0.055%7-day average +0.060% · you sell dearer than you buy

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

Long on GRVT Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days+0.060%+$6 on $10k

Price spread, last 3 days (all we have)+0.169%+$17 · spread now +0.055%, 7d avg +0.060%

Together, before fees+0.229%+ Points / potential airdropGRVT: Active · Perpl: Active · farm board+$23 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.060%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.060%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT PUMP_USDT_Perp	0.004361	0.0100	pay 0.0050% / 4h	3h 46m	$1.2M	$10.1M	10x
Short	Perpl PUMP	0.004363	0	get 0.0000% / 43m	25m 55s	$18K	$206K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$21
Price spread: +0.055% → +0.060%: −$0.43
Slippage, 4 orders: no order book: not counted
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$44.23
Costs to cover: 0.228%
Break-even: never at this rate

Slippage unknown: GRVT: live order book, 2 min ago; Perpl: 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, 2 min ago	1.15 bp	6.3 bp −$6	30.7 bp −$307	114.3 bp −$11.4K	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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
Backpack PUMP_USDC_PERP	−0.0241%	1h	0.004366	+0.129%	$778K	$179K	5x	as long as short
dYdX PUMP-USD	−0.0026%	1h	0.004360	−0.014%	$20K	$9K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004363	+0.055%	$18K	$206K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004364	+0.078%	$69K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004363	+0.059%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0029%	4h	0.004363	+0.055%	$22.8M	$96.7M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0039%	4h	0.004365	+0.101%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004366	+0.124%	$2.9M	$5.3M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.390%	$30K	$772K	20x	as long as short
Gate PUMP_USDT	+0.0098%	4h	0.004366	+0.124%	$4.7M	$10.5M	75x	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	0.004363	+0.044%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004363	+0.067%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004371	+0.228%	$717K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004364	+0.078%	$456K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004367	+0.152%	$78.1M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004357	−0.073%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004363	+0.055%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004368	+0.170%	$23.2M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004365	+0.101%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004367	+0.147%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004357	−0.092%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perplong	+0.0100%	4h	0.004361	long leg	$1.2M	$10.1M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004360	−0.014%	$138K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004366	+0.124%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004365	+0.100%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004363	+0.055%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004363	+0.055%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004358	−0.059%	$21K	$136K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004363	+0.055%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004364	+0.069%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004366	+0.124%	$70K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0192%	1h	0.004365	+0.101%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004364	+0.078%	$39K	$99K	10x	as long as short
Hyperliquid PUMP	+0.0243%	1h	0.004372	+0.262%	$160.9M	$53.2M	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004363	+0.059%	$477K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004361	+0.009%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004361	+0.006%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0344% / S −0.0287%	1h	0.004362	+0.032%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004363	+0.055%	$689K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004368	+0.170%	$38K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0517%	1h	0.004365	+0.101%	$381	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0942%	1h	0.004369	+0.198%	$1.3M	$3.5M	50x	as long as short