Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0102%/8h= +11.2% APRpaid last 24h +0.005%

Price spread now: Arcus against Gate+0.087%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$630.631% of the position

Long on Gate Short on Arcus

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.004%$0 on $10k

Price spread, last 4 days (all we have)−0.157%−$16 · spread now +0.087%, 7d avg +0.023%

Together, before fees−0.153%−$15 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Arcus is 0.064% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PUMP_USDT	0.004581	−0.0002	get 0.0001% / 4h	3h 14m	$4.9M	$10.2M	75x
Short	Arcus PUMP-USD	0.004585	0.0100	get 0.0013% / 1h	14m 33s	$52K	$151K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Arcus against Gate. 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 GatebpFee ArcusbpOrdersPrice spread, now +0.087%Rate

Funding earned: $21.42
Price spread: +0.087% → +0.023%: $6.42
Slippage, 4 orders: −$43.59
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Net: −$35.25
Costs to cover: 0.631%
Break-even: 18.5 days

Slippage from Gate: live order book, 4 min ago; Arcus: live order book, 14 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 Gate live order book, 4 min ago	3.27 bp	19.8 bp −$20	45.9 bp −$459	77.5 bp −$7,753	doesn't fit
Sell Arcus live order book, 14 min ago	9.95 bp	14.4 bp −$14	21.5 bp −$215	doesn't fit	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	−0.1944%	1h	0.004579	−0.036%	$21K	$11K	5x	as long as short
Gate PUMP_USDTlong	−0.0002%	4h	0.004581	long leg	$4.9M	$10.2M	75x
Perpl PUMP	0.0000%	43m	0.004581	0.000%	$18K	$263K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0003%	1h	0.004577	−0.093%	$61K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004585	+0.087%	$3.0M	$4.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.768%	$33K	$665K	20x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004589	+0.175%	$170.7M	$50.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004581	0.000%	$864K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004584	+0.065%	$525K	$869K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004585	+0.087%	$83.6M	$176.4M	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	0.004585	+0.087%	$25.1M	$104.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004591	+0.223%	$27K	$154K	5x	as long as short
Arcus PUMP-USDshort	+0.0100%	1h	0.004585	+0.087%	$52K	$151K	10x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004585	+0.087%	$25.1M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004587	+0.131%	$18.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004582	+0.022%	—	$14.6M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004579	−0.035%	$820K	$215K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004592	+0.240%	$67K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004589	+0.175%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004594	+0.284%	$163K	$745K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004588	+0.153%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004578	−0.065%	$43K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004576	−0.109%	$1K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004581	0.000%	$253	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004580	−0.022%	$22K	$126K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004582	+0.022%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004584	+0.072%	$44K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004582	+0.029%	$3.9M	$4.0M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004575	−0.131%	$68K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0301%	1h	0.004583	+0.055%	$1.7M	$2.2M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004579	−0.044%	$66K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0304%	1h	0.004588	+0.153%	$6K	$600	10x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004590	+0.205%	$45K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004580	−0.022%	$3.8M	$4.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004578	−0.069%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	+0.022%	$38K	$204K	12x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0405%	1h	0.004580	−0.022%	$70K	$110K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004586	+0.109%	$746K	$6.3M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004585	+0.087%	$533K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0808%	1h	0.004584	+0.063%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0986%	1h	0.004582	+0.017%	$507	$105K	10x	as long as short