Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against Derive−0.011%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive PUMP-PERP	0.004476	0.0100	pay 0.0013% / 1h	35m 18s	$5K	$13K	6.7x
Short	BingX PUMP-USDT	0.004475	0.0100	get 0.0050% / 4h	1h 35m	—	$12.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Derive. 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 DerivebpFee BingXbpOrdersPrice spread, now −0.011%Rate

Funding earned: $0
Price spread: −0.011% → 0.000%: −$1.13
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee BingX: 5 bp × 2 orders: −$10
Net: −$17.13
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Derive: no order-book sample; BingX: live order book, 3 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell BingX live order book, 3 min ago	1.12 bp	9.5 bp −$9	15.9 bp −$159	43.3 bp −$4,331	150.8 bp −$75.4K

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Perpl PUMP	−0.0112%	43m	0.004471	−0.101%	$18K	$225K	20x	as long as short
dYdX PUMP-USD	−0.0016%	1h	0.004474	−0.030%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004477	+0.033%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004475	−0.005%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0095%	4h	0.004475	−0.011%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004468	−0.168%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.687%	$27K	$789K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004474	−0.045%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004471	−0.091%	$703K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004469	−0.145%	$521K	$736K	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	0.004475	−0.011%	$81.7M	$170.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004476	+0.011%	$24.3M	$99.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004465	−0.241%	$31K	$185K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004471	−0.101%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004471	−0.101%	$5.0M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004479	+0.078%	$23.8M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004474	−0.034%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDTshort	+0.0100%	4h	0.004475	−0.011%	—	$12.9M	—
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004471	−0.089%	$795K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004463	−0.274%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004466	−0.212%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004466	−0.212%	$149K	$752K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004478	+0.056%	$107K	$2.1M	10x	as long as short
Derive PUMP-PERPlong	+0.0100%	1h	0.004476	long leg	$5K	$13K	6.7x
SunX PUMP-USDT	+0.0100%	4h	0.004475	−0.011%	$2K	$753K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004475	−0.011%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004473	−0.056%	$21K	$120K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004473	−0.056%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004471	−0.106%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004471	−0.101%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004475	−0.011%	$60K	—	100x	as long as short
Extended PUMP-USD	+0.0256%	1h	0.004469	−0.139%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004476	+0.011%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004467	−0.181%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004469	−0.145%	$3.7M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004475	−0.017%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004480	+0.100%	$698K	$6.0M	50x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004473	−0.056%	$532K	$991K	10x	as long as short
Hyperliquid PUMP	+0.0586%	1h	0.004482	+0.145%	$167.7M	$55.8M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0869%	1h	0.004479	+0.069%	$591	$117K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004478	+0.056%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1336%	1h	0.004477	+0.025%	$1.1M	$3.4M	50x	as long as short