Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0006%/8h= +0.7% APRpaid last 24h −0.002%

Price spread now: Deribit against Gate+0.131%7-day average +0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$49as in the Price arb table

costs, in and out, $10k−$590.591% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.184%−$18 on $10k

Price spread, last 4 days (all we have)−0.154%−$15 · spread now +0.131%, 7d avg +0.027%

Together, before fees−0.338%−$34 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Deribit is 0.105% dearer against Gate than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PUMP_USDT	0.004563	−0.0006	get 0.0003% / 4h	3h 12m	$4.9M	$10.2M	75x
Short	Deribit PUMP_USDC-PERPETUAL	0.004569	0	get 0.0000% / 1h	12m 47s	$70K	$109K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.131%Rate

Funding earned: $1.26
Price spread: +0.131% → +0.027%: $10.46
Slippage, 4 orders: −$37.08
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$47.36
Costs to cover: 0.591%
Break-even: 270.1 days

Slippage from Gate: live order book, 1 min ago; Deribit: live order book, 16 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, 1 min ago	2.19 bp	16.2 bp −$16	36.3 bp −$363	75.3 bp −$7,531	doesn't fit
Sell Deribit live order book, 16 min ago	5.53 bp	9.0 bp −$9	18.6 bp −$186	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	−0.2061%	1h	0.004571	+0.177%	$21K	$11K	5x	as long as short
Gate PUMP_USDTlong	−0.0006%	4h	0.004563	long leg	$4.9M	$10.2M	75x
Perpl PUMP	0.0000%	43m	0.004567	+0.088%	$18K	$261K	20x	as long as short
Deribit PUMP_USDC-PERPETUALshort	0.0000%	1h	0.004569	+0.131%	$70K	$109K	25x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0003%	1h	0.004569	+0.129%	$60K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004571	+0.175%	$3.0M	$4.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.381%	$32K	$665K	20x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004572	+0.197%	$170.1M	$50.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004565	+0.050%	$861K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004569	+0.131%	$524K	$869K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004569	+0.135%	$83.3M	$175.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004567	+0.088%	$25.1M	$103.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004591	+0.618%	$27K	$154K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004569	+0.131%	$51K	$152K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004573	+0.219%	$25.1M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004569	+0.131%	$18.1M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004566	+0.066%	—	$14.5M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004565	+0.037%	$818K	$215K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004582	+0.407%	$67K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004581	+0.385%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004580	+0.373%	$163K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004574	+0.241%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004568	+0.110%	$43K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004570	+0.153%	$2K	$785K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004568	+0.110%	$252	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004569	+0.131%	$22K	$126K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004566	+0.066%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004570	+0.144%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004569	+0.139%	$3.9M	$4.0M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004571	+0.175%	$68K	$10K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004568	+0.110%	$65K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0304%	1h	0.004574	+0.241%	$6K	$600	10x	as long as short
Nado PUMP-PERP	+0.0308%	1h	0.004570	+0.164%	$1.7M	$2.1M	10x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004590	+0.600%	$45K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004572	+0.197%	$3.8M	$4.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004568	+0.104%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	+0.416%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004573	+0.219%	$743K	$6.3M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004574	+0.252%	$532K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0810%	1h	0.004570	+0.160%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0988%	1h	0.004580	+0.370%	$507	$105K	10x	as long as short