Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0025%/8h= +2.7% APRpaid last 24h +0.102%

Price spread now: RISEx against GRVT+0.310%55s7-day average +0.030% · 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—prices read too far apart to compare

costs, in and out, $10k−$260.262% of the position

Long on GRVT Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.218%+$22 on $10k

Price spread, last 7 days−0.335%−$33 · spread now +0.310%, 7d avg +0.030%

Together, before fees−0.116%+ Points / potential airdropGRVT: Active · farm board−$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and RISEx is 0.280% dearer against GRVT than usual: you sell high and buy low: +$28 more if the spread goes back to its 7-day average of +0.030%. The two prices were read 55 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	0.004309	0.0100	pay 0.0050% / 4h	2h 02m	$1.2M	$9.6M	10x
Short	RISEx PUMP/USDC	0.004322	0.0125	get 0.0016% / 1h	2m 19s	$490K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now +0.310%Rate

Funding earned: $5.16
Price spread: +0.310% → +0.030%: $28.04
Slippage, 4 orders: −$11.19
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: $7.01
Costs to cover: 0.262%
Break-even: from the start

Slippage from GRVT: live order book, 2 min ago; RISEx: live order book, 1 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	1.16 bp	6.6 bp −$7	41.3 bp −$413	3346.6 bp −$334.7K	doesn't fit
Sell RISEx live order book, 1 min ago	3.47 bp	6.5 bp −$6	11.2 bp −$112	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
dYdX PUMP-USD	−0.5062%	1h	0.004322	+0.305%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0227%	1h	0.004318	+0.227%	$770K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004317	+0.194%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0056%	4h	0.004320	+0.264%	$22.6M	$95.6M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0025%	4h	0.004320	+0.264%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004322	+0.310%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004320	+0.271%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0068%	4h	0.004319	+0.241%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0080%	1h	0.004321	+0.287%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004319	+0.241%	$2.9M	$5.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.200%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004320	+0.269%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004320	+0.275%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004324	+0.357%	$158.3M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004319	+0.232%	$779K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004321	+0.287%	$448K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004319	+0.249%	$76.7M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004308	−0.017%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004320	+0.264%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004322	+0.310%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004319	+0.241%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004318	+0.217%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004309	+0.005%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perplong	+0.0100%	4h	0.004309	long leg	$1.2M	$9.6M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004313	+0.101%	$136K	$771K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004323	+0.334%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004321	+0.285%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004321	+0.287%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004319	+0.241%	$712	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004310	+0.032%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004319	+0.241%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004319	+0.242%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004320	+0.264%	$71K	$18K	3x	as long as short
RISEx PUMP/USDCshort	+0.0125%	1h	0.004322	+0.310%	$490K	$1.0M	10x
Phoenix PUMP	+0.0129%	1h	0.004314	+0.122%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004312	+0.078%	$654K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0308% / S −0.0226%	1h	0.004320	+0.264%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004316	+0.171%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004319	+0.247%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0347%	1h	0.004319	+0.252%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.357%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0687%	1h	0.004325	+0.378%	$1.3M	$3.5M	50x	as long as short