Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: GRVT against Phemex−0.334%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$106as in the Funding arb table

Net, price: spread back to 7d avg − costs−$107as in the Price arb table

costs, in and out, $10k−$790.788% of the position

Long on Phemex Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days−0.267%−$27 on $10k

Price spread, last 3 days (all we have)+0.250%+$25 · spread now −0.334%, 7d avg −0.048%

Together, before fees−0.017%+ Points / potential airdropGRVT: Active · farm board−$2 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.286% cheaper against Phemex than usual: you would sell low and buy high, −$29 on $10k if it goes back to its 7-day average of −0.048%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004500	0.0100	pay 0.0050% / 4h	2h 07m	$2.0M	$3.9M	20x
Short	GRVT PUMP_USDT_Perp	0.004485	0.0100	get 0.0050% / 4h	2h 07m	$1.3M	$10.6M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Phemex. 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 PhemexbpFee GRVTbpOrdersPrice spread, now −0.334%Rate

Funding earned: $0
Price spread: −0.334% → −0.048%: −$28.61
Slippage, 4 orders: −$57.84
Fee Phemex: 6 bp × 2 orders: −$12
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$107.46
Costs to cover: 0.788%
Break-even: never at this rate

Slippage from Phemex: live order book, 2 min ago; GRVT: live order book, 2 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 Phemex live order book, 2 min ago	8.91 bp	31.1 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 2 min ago	1.12 bp	5.8 bp −$6	27.9 bp −$279	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	−0.019%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004491	−0.200%	$18K	$214K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004496	−0.089%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004494	−0.134%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0085%	4h	0.004495	−0.111%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004500	0.000%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.222%	$29K	$778K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004495	−0.122%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004496	−0.090%	$697K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004499	−0.022%	$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	0.004499	−0.031%	$82.2M	$167.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004498	−0.044%	$24.5M	$99.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004489	−0.242%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004494	−0.133%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004496	−0.089%	$4.9M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004501	+0.022%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004497	−0.067%	$17.7M	$19.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004494	−0.133%	—	$13.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004499	−0.029%	$800K	$186K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004483	−0.372%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perpshort	+0.0100%	4h	0.004485	−0.334%	$1.3M	$10.6M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004482	−0.400%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004496	−0.089%	$99K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004495	−0.102%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004494	−0.133%	$2K	$744K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004498	−0.044%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004491	−0.200%	$21K	$117K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004500	long leg	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004492	−0.178%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004494	−0.133%	$72K	$8K	3x	as long as short
Extended PUMP-USD	+0.0224%	1h	0.004497	−0.056%	$3.8M	$4.3M	50x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004502	+0.044%	$43K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004499	−0.022%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004497	−0.067%	$531K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004493	−0.161%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0364% / S −0.0295%	1h	0.004493	−0.156%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004499	−0.022%	$715K	$5.9M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004511	+0.244%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0734%	1h	0.004505	+0.111%	$168.9M	$55.3M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0860%	1h	0.004497	−0.073%	$594	$112K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1236%	1h	0.004504	+0.081%	$1.3M	$3.1M	50x	as long as short