Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.019%

Price spread now: Deribit against Bitget+0.112%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$550.552% of the position

Long on Bitget Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.271%−$27 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.112%, 7d avg +0.019%

Together, before fees−0.330%−$33 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.093% dearer against Bitget than usual: you sell high and buy low (spread +0.112% now, against its 7-day average of +0.019%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PUMPUSDT	0.004477	0.0100	pay 0.0050% / 4h	2h 56m	$17.7M	$18.5M	75x
Short	Deribit PUMP_USDC-PERPETUAL	0.004482	0	get 0.0000% / 1h	56m 00s	$70K	$117K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Bitget. 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 BitgetbpFee DeribitbpOrdersPrice spread, now +0.112%Rate

Funding earned: −$21
Price spread: +0.112% → +0.019%: $9.25
Slippage, 4 orders: −$36.22
Fee Bitget: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$66.97
Costs to cover: 0.552%
Break-even: never at this rate

Slippage from Bitget: live order book, 3 min ago; Deribit: live order book, 53 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 Bitget live order book, 3 min ago	1.12 bp	11.6 bp −$12	26.9 bp −$269	doesn't fit	doesn't fit
Sell Deribit live order book, 53 min ago	8.98 bp	16.9 bp −$17	27.0 bp −$270	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	0.0000%	1h	0.004488	+0.248%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004481	+0.089%	$18K	$238K	20x	as long as short
Deribit PUMP_USDC-PERPETUALshort	0.0000%	1h	0.004482	+0.112%	$70K	$117K	25x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004481	+0.091%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0082%	4h	0.004482	+0.112%	$5.0M	$10.3M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004482	+0.112%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.720%	$28K	$635K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004481	+0.089%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004482	+0.106%	$712K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004486	+0.201%	$537K	$763K	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	0.004480	+0.067%	$81.7M	$164.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004478	+0.022%	$24.6M	$95.0M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004497	+0.447%	$32K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004485	+0.179%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004486	+0.201%	$24.1M	$13.6M	50x	as long as short
Bitget PUMPUSDTlong	+0.0100%	4h	0.004477	long leg	$17.7M	$18.5M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004483	+0.134%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004478	+0.027%	$800K	$203K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004489	+0.266%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004492	+0.336%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004486	+0.201%	$151K	$748K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004484	+0.156%	$108K	$2.0M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004483	+0.134%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004482	+0.117%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004481	+0.089%	$2K	$738K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004481	+0.089%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004478	+0.022%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004486	+0.201%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004483	+0.143%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004484	+0.156%	$67K	$10K	3x	as long as short
Extended PUMP-USD	+0.0240%	1h	0.004482	+0.118%	$3.9M	$3.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004480	+0.067%	$54K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004498	+0.469%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004485	+0.179%	$46K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004480	+0.062%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0352%	1h	0.004488	+0.246%	$6K	$600	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004490	+0.290%	$716K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0536%	1h	0.004484	+0.156%	$168.0M	$50.2M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004498	+0.469%	$39K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004487	+0.219%	$533K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0817%	1h	0.004483	+0.142%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1138%	1h	0.004485	+0.185%	$520	$105K	10x	as long as short