Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0314%/8h= +34.4% APRpaid last 24h −0.017%

Price spread now: Deribit against HTX+0.333%7-day average +0.059% · you sell dearer than you buy

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

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.273%−$27 on $10k

Price spread, last 4 days (all we have)−0.242%−$24 · spread now +0.333%, 7d avg +0.059%

Together, before fees−0.515%−$51 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Deribit is 0.274% dearer against HTX than usual: you sell high and buy low: +$27 more if the spread goes back to its 7-day average of +0.059%. Mind the row above: over the last 7 days funding on this pair cost −0.273%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PUMP-USDT	0.004506	0.0100	pay 0.0050% / 4h	1h 50m	$21K	$85K	20x
Short	Deribit PUMP_USDC-PERPETUAL	0.004521	0.0414	get 0.0052% / 1h	50m 47s	$70K	$115K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against HTX. 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 HTXbpFee DeribitbpOrdersPrice spread, now +0.333%Rate

Funding earned: $65.94
Price spread: +0.333% → +0.059%: $27.38
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $74.32
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: HTX: no order-book sample; Deribit: live order book, 53 min ago. 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 HTX no order-book sample	—	—	—	—	—
Sell Deribit live order book, 53 min ago	7.82 bp	13.5 bp −$14	doesn't fit	doesn't fit	doesn't fit

HTX: 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
dYdX PUMP-USD	0.0000%	1h	0.004499	−0.149%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004514	+0.178%	$18K	$257K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004515	+0.197%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004525	+0.422%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.133%	$30K	$627K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004521	+0.328%	$844K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004508	+0.044%	$537K	$886K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004524	+0.399%	$83.2M	$170.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004525	+0.422%	$24.8M	$98.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004511	+0.122%	$27K	$161K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004508	+0.044%	$65K	$95K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004522	+0.355%	$5.0M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004525	+0.422%	$24.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004525	+0.422%	$18.1M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004521	+0.333%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004524	+0.397%	$814K	$198K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004503	−0.059%	$68K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004506	−0.001%	$1.3M	$10.3M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	−0.044%	$152K	$743K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004516	+0.222%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004520	+0.311%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004519	+0.285%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004517	+0.244%	$2K	$760K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004521	+0.333%	$284	$7K	10x	as long as short
HTX PUMP-USDTlong	+0.0100%	4h	0.004506	long leg	$21K	$85K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004523	+0.377%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004521	+0.339%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004520	+0.311%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0106%	8h	0.004509	+0.065%	$43K	$276	5x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004513	+0.155%	$54K	—	100x	as long as short
Nado PUMP-PERP	+0.0288%	1h	0.004509	+0.078%	$1.6M	$2.1M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004526	+0.444%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004513	+0.151%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0352%	1h	0.004510	+0.089%	$6K	$600	10x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004507	+0.031%	$47K	$139K	10x	as long as short
Deribit PUMP_USDC-PERPETUALshort	+0.0414%	1h	0.004521	+0.333%	$70K	$115K	25x
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004527	+0.466%	$725K	$5.7M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0546%	1h	0.004523	+0.369%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004529	+0.510%	$38K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0597%	1h	0.004533	+0.599%	$169.4M	$51.1M	10x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004510	+0.089%	$549K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1148%	1h	0.004517	+0.249%	$498	$111K	10x	as long as short