Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0131%/8h= +14.3% APRpaid last 24h +0.099%

Price spread now: BloFin against Deribit−0.115%57s7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs+$25as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.443% of the position

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.690%+$69 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now −0.115%, 7d avg −0.008%

Together, before fees+0.776%+$78 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.107% cheaper against Deribit than usual: you would sell low and buy high (spread −0.115% now, against its 7-day average of −0.008%). If the spread goes back, that is −$11 on $10k: about 2.7 days of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.690% in total) that is about 26 hours. The two prices were read 57 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	Deribit PUMP_USDC-PERPETUAL	0.004360	0.0209	pay 0.0026% / 1h	26m 06s	$69K	$126K	25x
Short	BloFin PUMP-USDT	0.004355	0.0340	get 0.0170% / 4h	26m 06s	$3.5M	$4.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Deribit. 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 DeribitbpFee BloFinbpOrdersPrice spread, now −0.115%Rate

Funding earned: $27.51
Price spread: −0.115% → −0.008%: −$10.65
Slippage, 4 orders: −$25.29
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$27.43
Costs to cover: 0.443%
Break-even: 14.0 days

Slippage from Deribit: live order book, 52 min ago; BloFin: 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 Deribit live order book, 52 min ago	8.06 bp	11.6 bp −$12	22.4 bp −$224	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	3.44 bp	9.4 bp −$9	13.0 bp −$130	34.6 bp −$3,461	112.7 bp −$56.4K

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	−0.0029%	1h	0.004363	+0.080%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004357	−0.069%	$18K	$205K	20x	as long as short
OKX PUMP-USDT-SWAP	0.0000%	4h	0.004352	−0.183%	$22.8M	$96.4M	50x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004359	−0.030%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0015%	4h	0.004358	−0.046%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004357	−0.069%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.376%	$26K	$769K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004359	−0.021%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004358	−0.034%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004357	−0.060%	$726K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004362	+0.046%	$456K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004354	−0.140%	$77.7M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004360	−0.002%	$26K	$163K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004359	−0.023%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004356	−0.092%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004361	+0.023%	$23.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004357	−0.069%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004357	−0.069%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004356	−0.101%	$776K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004359	−0.014%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004354	−0.138%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004363	+0.069%	$138K	$763K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004360	0.000%	$94K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004358	−0.052%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004360	0.000%	$2K	$718K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004357	−0.069%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004356	−0.092%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004358	−0.046%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004357	−0.075%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004356	−0.092%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004359	−0.034%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004367	+0.161%	$38K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004360	+0.011%	$484K	$1.0M	10x	as long as short
Deribit PUMP_USDC-PERPETUALlong	+0.0209%	1h	0.004360	long leg	$69K	$126K	25x
Hyperliquid PUMP	+0.0216%	1h	0.004360	0.000%	$160.4M	$53.1M	10x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004361	+0.023%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004359	−0.023%	$676K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0321% / S −0.0243%	1h	0.004357	−0.069%	$68K	—	100x	as long as short
BloFin PUMP-USDTshort	+0.0340%	4h	0.004355	−0.115%	$3.5M	$4.0M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004357	−0.069%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0427%	1h	0.004363	+0.075%	$181	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0866%	1h	0.004364	+0.086%	$1.3M	$3.5M	50x	as long as short