Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0470%/8h= −51.5% APRpaid last 24h −0.069%

Price spread now: GRVT against RISEx+0.180%55s7-day average −0.033% · 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—prices read too far apart to compare

costs, in and out, $10k−$240.235% of the position

Long on RISEx Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.215%−$22 on $10k

Price spread, last 7 days−0.169%−$17 · spread now +0.180%, 7d avg −0.033%

Together, before fees−0.384%+ Points / potential airdropGRVT: Active · farm board−$38 on $10k · with fees, hour by hour

The price spread pays, funding is against you. GRVT is 0.213% dearer against RISEx than usual: you sell high and buy low (spread +0.180% now, against its 7-day average of −0.033%): +$21 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 36 hours. At the pace of the last 4 days (−0.215% in total) that is about 3.5 days. The two prices were read 55 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	RISEx PUMP/USDC	0.004419	0.0570	pay 0.0071% / 1h	28m 01s	$525K	$1.0M	10x
Short	GRVT PUMP_USDT_Perp	0.004427	0.0100	get 0.0050% / 4h	28m 01s	$1.2M	$10.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against RISEx. 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 RISExbpFee GRVTbpOrdersPrice spread, now +0.180%Rate

Funding earned: −$98.68
Price spread: +0.180% → −0.033%: $21.28
Slippage, 4 orders: −$8.52
Fee RISEx: 3 bp × 2 orders: −$6
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: −$100.91
Costs to cover: 0.235%
Break-even: never at this rate

Slippage from RISEx: live order book, 1 min ago; GRVT: live order book, 6 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 RISEx live order book, 1 min ago	2.26 bp	5.3 bp −$5	12.7 bp −$127	doesn't fit	doesn't fit
Sell GRVT live order book, 6 min ago	1.14 bp	6.5 bp −$7	48.2 bp −$482	doesn't fit	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
dYdX PUMP-USD	−0.0957%	1h	0.004419	+0.004%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004414	−0.113%	$18K	$236K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004414	−0.113%	$70K	$122K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004415	−0.092%	$53K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0071%	1h	0.004415	−0.102%	$782K	$199K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004415	−0.091%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.430%	$28K	$788K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004420	+0.034%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004414	−0.102%	$701K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004417	−0.045%	$492K	$813K	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	0.004424	+0.116%	$80.8M	$174.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004423	+0.091%	$23.9M	$98.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004422	+0.077%	$36K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004417	−0.045%	$62K	$102K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004413	−0.136%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004416	−0.068%	$23.6M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004424	+0.113%	$17.6M	$20.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004413	−0.136%	—	$13.0M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004422	+0.073%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perpshort	+0.0100%	4h	0.004427	+0.180%	$1.2M	$10.7M	10x
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004387	−0.724%	$145K	$756K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004422	+0.068%	$102K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004412	−0.158%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004413	−0.138%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004413	−0.136%	$2K	$772K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004413	−0.136%	$277	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004418	−0.023%	$21K	$111K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004414	−0.113%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004419	−0.007%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004409	−0.226%	$70K	$8K	3x	as long as short
Extended PUMP-USD	+0.0184%	1h	0.004422	+0.077%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0248%	1h	0.004418	−0.023%	$6K	$625	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004414	−0.113%	$53K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004422	+0.068%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004422	+0.063%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004374	−1.025%	$42K	$120K	10x	as long as short
Hyperliquid PUMP	+0.0427%	1h	0.004419	0.000%	$165.6M	$56.8M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004423	+0.091%	$702K	$5.9M	50x	as long as short
RISEx PUMP/USDClong	+0.0570%	1h	0.004419	long leg	$525K	$1.0M	10x
Injective PUMP/USDC PERP	+0.0706%	1h	0.004432	+0.294%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0802%	1h	0.004416	−0.074%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0906%	1h	0.004405	−0.311%	$582	$114K	10x	as long as short