Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.1015%/8h= −111.2% APRpaid last 24h −0.136%

Price spread now: Bitget against Aftermath Perps−0.250%7-day average −0.092% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$96as in the Price arb table

costs, in and out, $10k−$800.799% of the position

Long on Aftermath Perps Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.400%−$40 on $10k

Price spread, last 4 days (all we have)−0.245%−$25 · spread now −0.250%, 7d avg −0.092%

Together, before fees−0.645%−$65 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$30 a day on $10k at the current rate, and Bitget is 0.159% cheaper against Aftermath Perps than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.092%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps PUMPUSD	0.004440	0.1115	pay 0.0139% / 1h	23m 22s	$514	$104K	10x
Short	Bitget PUMPUSDT	0.004429	0.0100	get 0.0050% / 4h	2h 23m	$17.5M	$18.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Aftermath Perps. 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 Aftermath PerpsbpFee BitgetbpOrdersPrice spread, now −0.250%Rate

Funding earned: −$213.24
Price spread: −0.250% → −0.092%: −$15.86
Slippage, 4 orders: −$58.95
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$309.05
Costs to cover: 0.799%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 26 min ago; Bitget: live order book, 5 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 Aftermath Perps live order book, 26 min ago	5.12 bp	31.4 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	3.38 bp	14.0 bp −$14	28.7 bp −$287	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	−0.0011%	1h	0.004434	−0.135%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004430	−0.228%	$18K	$244K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004429	−0.253%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004435	−0.115%	$2.8M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.903%	$29K	$638K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004430	−0.236%	$706K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004436	−0.092%	$534K	$774K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004430	−0.232%	$81.2M	$166.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004430	−0.228%	$24.4M	$94.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004440	−0.007%	$26K	$166K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004433	−0.160%	$64K	$103K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004428	−0.273%	$4.9M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004434	−0.138%	$23.8M	$13.7M	50x	as long as short
Bitget PUMPUSDTshort	+0.0100%	4h	0.004429	−0.250%	$17.5M	$18.8M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004431	−0.205%	—	$13.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004442	+0.038%	$799K	$203K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004435	−0.108%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004429	−0.241%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004436	−0.092%	$150K	$748K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004433	−0.160%	$112K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004430	−0.228%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004428	−0.264%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004433	−0.160%	$1K	$748K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004432	−0.183%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004437	−0.070%	$21K	$92K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004431	−0.205%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004430	−0.221%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004429	−0.250%	$66K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0104%	8h	0.004436	−0.083%	$42K	$276	5x	as long as short
Nado PUMP-PERP	+0.0129%	1h	0.004434	−0.126%	$1.6M	$2.0M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0200%	1h	0.004427	−0.295%	$53K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004433	−0.160%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004435	−0.115%	$3.7M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004430	−0.233%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004433	−0.160%	$45K	$119K	10x	as long as short
Hyperliquid PUMP	+0.0411%	1h	0.004434	−0.138%	$165.2M	$49.8M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0427%	1h	0.004433	−0.160%	$69K	$115K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004438	−0.047%	$705K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004439	−0.025%	$38K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004434	−0.144%	$527K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0826%	1h	0.004434	−0.131%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSDlong	+0.1115%	1h	0.004440	long leg	$514	$104K	10x