Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.011%

Price spread now: Deribit against OKX−0.022%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 3 days (all we have)+0.037%+$4 · spread now −0.022%, 7d avg +0.048%

Together, before fees−0.189%−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.070% cheaper against OKX than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of +0.048%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PUMP-USDT-SWAP	0.004497	0.0100	pay 0.0050% / 4h	2h 06m	$24.5M	$99.0M	50x
Short	Deribit PUMP_USDC-PERPETUAL	0.004496	0	get 0.0000% / 1h	6m 57s	$71K	$124K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$21
Price spread: −0.022% → +0.048%: −$6.97
Slippage, 4 orders: −$30.8
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$75.77
Costs to cover: 0.478%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Deribit: live order book, 61 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 OKX live order book, 2 min ago	1.12 bp	9.5 bp −$10	23.6 bp −$236	141.6 bp −$14.2K	doesn't fit
Sell Deribit live order book, 61 min ago	8.93 bp	16.8 bp −$17	doesn't fit	doesn't fit	doesn't fit

PUMP on 41 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	−0.4420%	1h	0.004499	+0.048%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004491	−0.133%	$18K	$214K	20x	as long as short
Deribit PUMP_USDC-PERPETUALshort	0.0000%	1h	0.004496	−0.022%	$71K	$124K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004494	−0.068%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0085%	4h	0.004495	−0.044%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004500	+0.067%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.157%	$29K	$778K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004495	−0.056%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004497	+0.009%	$697K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004499	+0.044%	$524K	$717K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004498	+0.028%	$82.2M	$167.6M	75x	as long as short
OKX PUMP-USDT-SWAPlong	+0.0100%	4h	0.004497	long leg	$24.5M	$99.0M	50x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004489	−0.176%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004494	−0.067%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004495	−0.044%	$4.9M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004501	+0.089%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004497	0.000%	$17.7M	$19.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004494	−0.067%	—	$13.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004499	+0.038%	$800K	$186K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004483	−0.306%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004485	−0.267%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004482	−0.334%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004496	−0.022%	$99K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004495	−0.035%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004494	−0.067%	$2K	$744K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004498	+0.022%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004491	−0.133%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004500	+0.067%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004492	−0.112%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004494	−0.067%	$72K	$8K	3x	as long as short
Extended PUMP-USD	+0.0224%	1h	0.004497	+0.010%	$3.8M	$4.3M	50x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004502	+0.111%	$43K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004499	+0.044%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004497	0.000%	$531K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004493	−0.094%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0364% / S −0.0295%	1h	0.004493	−0.089%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004499	+0.044%	$715K	$5.9M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004511	+0.311%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0734%	1h	0.004505	+0.178%	$168.9M	$55.3M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0860%	1h	0.004497	−0.006%	$594	$112K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1236%	1h	0.004504	+0.148%	$1.3M	$3.1M	50x	as long as short