Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.019%

Price spread now: Popdex against GRVT−1.647%58s7-day average −1.202% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$470.467% of the position

Long on GRVT Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.842%+$84 · spread now −1.647%, 7d avg −1.202%

Together, before fees+0.865%+ Points / potential airdropGRVT: Active · farm board+$87 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: Popdex is 0.444% cheaper against GRVT than usual: you would sell low and buy high, −$44 on $10k if it goes back to its 7-day average of −1.202%. The two prices were read 58 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	0.004372	0.0100	pay 0.0050% / 4h	3h 41m	$1.2M	$10.1M	10x
Short	Popdex PUMPUSDT	0.004300	0.0096	get 0.0012% / 1h	41m 44s	$33K	$775K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −1.647%Rate

Funding earned: −$0.84
Price spread: −1.647% → −1.202%: −$44.42
Slippage, 4 orders: −$31.32
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$91.98
Costs to cover: 0.467%
Break-even: never at this rate

Slippage from GRVT: live order book, 2 min ago; Popdex: live order book, 32 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	1.14 bp	5.6 bp −$6	18.3 bp −$183	95.4 bp −$9,535	doesn't fit
Sell Popdex live order book, 32 min ago	3.43 bp	17.8 bp −$18	doesn't fit	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
Backpack PUMP_USDC_PERP	−0.0067%	1h	0.004397	+0.579%	$783K	$177K	5x	as long as short
dYdX PUMP-USD	−0.0018%	1h	0.004389	+0.394%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004395	+0.526%	$18K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004398	+0.595%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004395	+0.531%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0038%	4h	0.004393	+0.481%	$23.0M	$97.3M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0041%	4h	0.004397	+0.572%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004391	+0.435%	$2.9M	$5.3M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004300	−1.647%	$33K	$775K	20x
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004390	+0.420%	$42K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004394	+0.515%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004395	+0.517%	$720K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004389	+0.389%	$458K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004390	+0.409%	$78.5M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004364	−0.185%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004391	+0.435%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004394	+0.503%	$4.7M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004395	+0.526%	$23.3M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004392	+0.458%	$17.6M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004394	+0.503%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004360	−0.266%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perplong	+0.0100%	4h	0.004372	long leg	$1.2M	$10.1M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004365	−0.160%	$138K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004396	+0.549%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004397	+0.574%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004397	+0.572%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004397	+0.572%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004383	+0.252%	$21K	$136K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004398	+0.595%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004391	+0.425%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004395	+0.526%	$70K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0200%	1h	0.004395	+0.526%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004370	−0.057%	$40K	$99K	10x	as long as short
Hyperliquid PUMP	+0.0272%	1h	0.004398	+0.595%	$161.8M	$53.2M	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004393	+0.473%	$480K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004379	+0.160%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004394	+0.499%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0346% / S −0.0289%	1h	0.004395	+0.526%	$74K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004401	+0.663%	$693K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004378	+0.137%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0533%	1h	0.004372	+0.011%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0935%	1h	0.004402	+0.682%	$1.3M	$3.5M	50x	as long as short