Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.027%

Price spread now: Deribit against Paradex+0.055%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Deribit is 0.055% dearer against Paradex than usual: you sell high and buy low (spread +0.055% now, against zero (this spread has no 7-day history yet)): +$6 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 44 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex PUMP-USD-PERP	0.004298	0.0100	pay 0.0100% / 8h	2h 44m	$41K	—	5x
Short	Deribit PUMP_USDC-PERPETUAL	0.004300	0	get 0.0000% / 1h	44m 47s	$68K	$126K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Paradex. 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 ParadexbpFee DeribitbpOrdersPrice spread, now +0.055%Rate

Funding earned: −$21
Price spread: +0.055% → 0.000%: $5.51
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$26.48
Costs to cover: 0.110%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 43 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 Paradex no order-book sample	—	—	—	—	—
Sell Deribit live order book, 43 min ago	9.27 bp	15.0 bp −$15	24.7 bp −$247	doesn't fit	doesn't fit

Paradex: 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	−0.2937%	1h	0.004299	+0.031%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0549%	1h	0.004297	−0.019%	$769K	$184K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0071%	4h	0.004293	−0.108%	$22.5M	$94.1M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0016%	4h	0.004298	+0.009%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004297	−0.015%	$19K	$204K	20x	as long as short
Deribit PUMP_USDC-PERPETUALshort	0.0000%	1h	0.004300	+0.055%	$68K	$126K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004299	+0.024%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004293	−0.108%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−2.272%	$28K	$775K	20x	as long as short
Gate PUMP_USDT	+0.0096%	4h	0.004294	−0.084%	$4.6M	$11.7M	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-PERPlong	+0.0100%	8h	0.004298	long leg	$41K	—	5x
Nado PUMP-PERP	+0.0100%	1h	0.004296	−0.026%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004298	+0.009%	$157.1M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004296	−0.039%	$780K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004298	+0.009%	$447K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004294	−0.084%	$76.2M	$164.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004306	+0.188%	$25K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004297	−0.015%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004298	+0.009%	$22.7M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004293	−0.108%	$16.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004293	−0.108%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004296	−0.040%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004297	−0.019%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004297	−0.015%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004301	+0.078%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004299	+0.032%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004299	+0.032%	$1K	$708K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004297	−0.015%	$709	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004290	−0.178%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004295	−0.061%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004293	−0.106%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004296	−0.038%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004299	+0.041%	$489K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004300	+0.067%	$38K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004299	+0.032%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004304	+0.148%	$653K	$5.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0302%	1h	0.004304	+0.143%	$179	$107K	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004299	+0.032%	$66K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004293	−0.108%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004298	0.000%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.614%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0690%	1h	0.004304	+0.141%	$1.3M	$3.5M	50x	as long as short