Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.019%

Price spread now: GRVT against Popdex+1.867%7-day average +1.202% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$20as in the Price arb table

costs, in and out, $10k−$470.467% of the position

Long on Popdex Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−1.063%−$106 · spread now +1.867%, 7d avg +1.202%

Together, before fees−1.085%+ Points / potential airdropGRVT: Active · farm board−$109 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 0.664% dearer against Popdex than usual: you sell high and buy low, +$66 on $10k if it goes back to its 7-day average of +1.202%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Popdex PUMPUSDT	0.004300	0.0096	pay 0.0012% / 1h	41m 23s	$33K	$775K	20x
Short	GRVT PUMP_USDT_Perp	0.004380	0.0100	get 0.0050% / 4h	3h 41m	$1.2M	$10.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Popdex. 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 PopdexbpFee GRVTbpOrdersPrice spread, now +1.867%Rate

Funding earned: $0.84
Price spread: +1.867% → +1.202%: $66.43
Slippage, 4 orders: −$31.32
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $20.55
Costs to cover: 0.467%
Break-even: from the start

Slippage from Popdex: live order book, 33 min ago; GRVT: live order book, 3 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 Popdex live order book, 33 min ago	3.43 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell GRVT live order book, 3 min ago	1.14 bp	6.5 bp −$7	26.7 bp −$267	132.0 bp −$13.2K	doesn't fit

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
Backpack PUMP_USDC_PERP	−0.0067%	1h	0.004397	+2.263%	$783K	$177K	5x	as long as short
dYdX PUMP-USD	−0.0018%	1h	0.004389	+2.075%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004393	+2.163%	$18K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004398	+2.279%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004392	+2.144%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0042%	4h	0.004391	+2.116%	$41K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0042%	4h	0.004392	+2.140%	$23.0M	$97.3M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004391	+2.116%	$2.9M	$5.3M	10x	as long as short
Popdex PUMPUSDTlong	+0.0096%	1h	0.004300	long leg	$33K	$775K	20x
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004394	+2.186%	$42K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004391	+2.128%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004397	+2.256%	$721K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004393	+2.163%	$459K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004392	+2.140%	$78.6M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004389	+2.058%	$26K	$166K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004396	+2.233%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004391	+2.116%	$4.7M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004395	+2.209%	$23.3M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004391	+2.116%	$17.6M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004392	+2.140%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004378	+1.819%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perpshort	+0.0100%	4h	0.004380	+1.867%	$1.2M	$10.1M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004365	+1.512%	$138K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004396	+2.233%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004397	+2.258%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004397	+2.256%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004397	+2.256%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004383	+1.930%	$21K	$136K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004398	+2.279%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004394	+2.176%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004395	+2.209%	$70K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004394	+2.186%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004370	+1.616%	$40K	$99K	10x	as long as short
Hyperliquid PUMP	+0.0266%	1h	0.004398	+2.279%	$161.9M	$53.2M	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004397	+2.244%	$481K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004379	+1.837%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004391	+2.112%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0347% / S −0.0289%	1h	0.004392	+2.140%	$74K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004401	+2.349%	$693K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004378	+1.814%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0524%	1h	0.004377	+1.796%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0935%	1h	0.004402	+2.367%	$1.3M	$3.5M	50x	as long as short