Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0094%/8h= −10.3% APRpaid last 24h +0.026%

Price spread now: Gate against Deribit+0.022%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$590.585% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.196%+$20 on $10k

Price spread, last 3 days (all we have)−0.045%−$5 · spread now +0.022%, 7d avg −0.031%

Together, before fees+0.150%+$15 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Gate is 0.054% dearer against Deribit than usual: you sell high and buy low (spread +0.022% now, against its 7-day average of −0.031%): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 46 hours. Mind the row above: over the last 7 days funding on this pair paid +0.196%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004508	0.0194	pay 0.0024% / 1h	25m 49s	$72K	$124K	25x
Short	Gate PUMP_USDT	0.004509	0.0100	get 0.0050% / 4h	2h 25m	$4.8M	$10.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now +0.022%Rate

Funding earned: −$19.74
Price spread: +0.022% → −0.031%: $5.35
Slippage, 4 orders: −$36.55
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$72.93
Costs to cover: 0.585%
Break-even: never at this rate

Slippage from Deribit: live order book, 42 min ago; Gate: live order book, 3 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, 42 min ago	8.93 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 3 min ago	2.22 bp	13.8 bp −$14	35.5 bp −$355	74.1 bp −$7,413	doesn't fit

PUMP on 41 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	−0.2470%	1h	0.004503	−0.109%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004509	+0.022%	$18K	$208K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004510	+0.051%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0070%	4h	0.004507	−0.022%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004512	+0.089%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.177%	$30K	$771K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004515	+0.166%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004511	+0.067%	$730K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004509	+0.022%	$495K	$662K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004508	+0.004%	$81.4M	$166.1M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004508	0.000%	$24.4M	$98.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004495	−0.291%	$21K	$171K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004508	0.000%	$40K	$63K	10x	as long as short
Gate PUMP_USDTshort	+0.0100%	4h	0.004509	+0.022%	$4.8M	$10.9M	75x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004514	+0.133%	$24.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004509	+0.022%	$17.8M	$19.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004509	+0.022%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004513	+0.104%	$799K	$187K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004480	−0.632%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004487	−0.465%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004481	−0.599%	$139K	$754K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004516	+0.177%	$104K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004506	−0.038%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004510	+0.044%	$2K	$737K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004510	+0.044%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004508	0.000%	$22K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004508	0.000%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004510	+0.035%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004511	+0.072%	$3.8M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004506	−0.044%	$72K	$8K	3x	as long as short
Deribit PUMP_USDC-PERPETUALlong	+0.0194%	1h	0.004508	long leg	$72K	$124K	25x
Phoenix PUMP	+0.0235%	1h	0.004489	−0.430%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004513	+0.111%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004510	+0.036%	$532K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004513	+0.106%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0361% / S −0.0291%	1h	0.004508	0.000%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004516	+0.177%	$718K	$5.8M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004492	−0.355%	$39K	$203K	12x	as long as short
Hyperliquid PUMP	+0.0658%	1h	0.004517	+0.200%	$168.8M	$55.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0746%	1h	0.004485	−0.506%	$594	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1232%	1h	0.004516	+0.185%	$1.3M	$3.1M	50x	as long as short