Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 19:00 UTC+0.0208%/8hnext payment +$0.26 per $10,000 · paid last 24h +0.028%

Price spread now: Coinbase International against Deribit+0.047%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$550.553% of the position

Long on Deribit Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.250%+$25 on $10k

Price spread, last 3 days (all we have)−0.105%−$10 · spread now +0.047%, 7d avg −0.002%

Together, before fees+0.145%+$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Coinbase International is 0.048% dearer against Deribit than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004287	0	get 0.0000% / 1h	6m 58s	$69K	$127K	25x
Short	Coinbase International PUMP-PERP-INTX	0.004289	0.0208	get 0.0026% / 1h	6m 58s	$624K	$6.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.047%Rate

Funding earned: $43.68
Price spread: +0.047% → −0.002%: $4.84
Slippage, 4 orders: −$38.26
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$6.74
Costs to cover: 0.553%
Break-even: 8.1 days

Slippage from Deribit: live order book, 25 min ago; Coinbase International: live order book, 1 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, 25 min ago	8.21 bp	11.7 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	4.66 bp	14.0 bp −$14	19.6 bp −$196	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	−0.0774%	1h	0.004289	+0.047%	$20K	$7K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004283	−0.093%	$19K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUALlong	0.0000%	1h	0.004287	long leg	$69K	$127K	25x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004288	+0.017%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0017%	4h	0.004285	−0.047%	$40K	$16K	10x	as long as short
Gate PUMP_USDT	+0.0070%	4h	0.004284	−0.070%	$4.6M	$12.0M	75x	as long as short
Aster PUMPUSDT	+0.0072%	4h	0.004285	−0.047%	$755K	$2.4M	50x	as long as short
Backpack PUMP_USDC_PERP	+0.0086%	1h	0.004285	−0.054%	$767K	$194K	5x	as long as short
Phoenix PUMP	+0.0094%	1h	0.004287	+0.005%	$38K	$100K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0094%	4h	0.004282	−0.117%	$22.6M	$98.0M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PUMP	+0.0096%	1h	0.004284	−0.070%	$2.9M	$6.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−2.029%	$26K	$822K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004285	−0.058%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004283	−0.082%	$1.6M	$2.1M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004291	+0.093%	$156.6M	$54.3M	10x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004284	−0.070%	$445K	$642K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004283	−0.098%	$76.3M	$175.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004277	−0.243%	$20K	$197K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004285	−0.047%	$41K	$57K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004287	0.000%	$22.6M	$14.1M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004283	−0.093%	$17.1M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004283	−0.093%	—	$13.5M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004282	−0.116%	$64K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004280	−0.173%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004287	0.000%	$107K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004289	+0.047%	$93K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004286	−0.017%	$4K	$15K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004286	−0.023%	$2K	$738K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004283	−0.093%	$269	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004283	−0.093%	$22K	$154K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004284	−0.070%	$2.0M	$4.1M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004282	−0.112%	$3.5M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004284	−0.070%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0117%	1h	0.004286	−0.023%	$490K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0128%	1h	0.004286	−0.023%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTXshort	+0.0208%	1h	0.004289	+0.047%	$624K	$6.0M	50x
Aftermath Perps PUMPUSD	+0.0227%	1h	0.004283	−0.097%	$178	$115K	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0222%	1h	0.004286	−0.023%	$66K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004283	−0.093%	$3.5M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004283	−0.083%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0603%	1h	0.004284	−0.070%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0786%	1h	0.004289	+0.048%	$1.3M	$3.6M	50x	as long as short