Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:38 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.046%

Price spread now: Derive against Perpl−0.200%53s7-day average — · you buy dearer than you sell

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

Long on Perpl Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding pays, the price is against you. Derive is 0.200% cheaper against Perpl than usual: you would sell low and buy high (spread −0.200% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$20 on $10k: about 6.7 days of funding at the current rate (+$3 a day). The two prices were read 53 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	Perpl PUMP	0.004502	0	get 0.0000% / 43m	33m 26s	$18K	$222K	20x
Short	Derive PUMP-PERP	0.004493	0.0100	get 0.0013% / 1h	45m 26s	$5K	$13K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Perpl. 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 PerplbpFee DerivebpOrdersPrice spread, now −0.200%Rate

Funding earned: $21
Price spread: −0.200% → 0.000%: −$19.98
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Derive: 3 bp × 2 orders: −$6
Net: −$18.78
Costs to cover: 0.198%
Break-even: 13.3 days

Slippage unknown: Perpl: no order-book sample; Derive: no order-book sample. 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 Perpl no order-book sample	—	—	—	—	—
Sell Derive no order-book sample	—	—	—	—	—

Perpl and Derive: 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	0.004485	−0.378%	$21K	$9K	5x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004502	long leg	$18K	$222K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004493	−0.200%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004493	−0.200%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0093%	4h	0.004494	−0.178%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004490	−0.267%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.044%	$27K	$779K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004503	+0.033%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004487	−0.327%	$707K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004491	−0.244%	$521K	$725K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004503	+0.031%	$82.5M	$169.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004505	+0.067%	$24.5M	$99.5M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004502	0.000%	$26K	$187K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004501	−0.022%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004491	−0.244%	$5.0M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004505	+0.067%	$24.0M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004503	+0.022%	$17.8M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004495	−0.155%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004483	−0.431%	$795K	$187K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004497	−0.101%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004502	+0.010%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004513	+0.244%	$150K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004507	+0.111%	$106K	$2.1M	10x	as long as short
Derive PUMP-PERPshort	+0.0100%	1h	0.004493	−0.200%	$5K	$13K	6.7x
SunX PUMP-USDT	+0.0100%	4h	0.004489	−0.289%	$2K	$747K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004484	−0.400%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004482	−0.444%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004485	−0.378%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004499	−0.061%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004490	−0.267%	$72K	$8K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0232% / S −0.0084%	1h	0.004492	−0.222%	$61K	—	100x	as long as short
Extended PUMP-USD	+0.0296%	1h	0.004500	−0.037%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004507	+0.111%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004508	+0.127%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004492	−0.222%	—	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004503	+0.017%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004501	−0.022%	$701K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004505	+0.059%	$535K	$982K	10x	as long as short
Hyperliquid PUMP	+0.0627%	1h	0.004510	+0.178%	$168.7M	$56.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0862%	1h	0.004504	+0.038%	$595	$114K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004503	+0.022%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1332%	1h	0.004491	−0.248%	$1.4M	$3.0M	50x	as long as short