Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.027%

Price spread now: Deribit against HTX+0.138%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$208as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1791.790% of the position

Long on HTX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.285%−$28 on $10k

Price spread, last 3 days (all we have)−0.173%−$17 · spread now +0.138%, 7d avg +0.056%

Together, before fees−0.457%−$46 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.083% dearer against HTX than usual: you sell high and buy low (spread +0.138% now, against its 7-day average of +0.056%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PUMP-USDT	0.004336	0.0100	pay 0.0050% / 4h	2h 20m	$21K	$147K	20x
Short	Deribit PUMP_USDC-PERPETUAL	0.004342	0	get 0.0000% / 1h	20m 24s	$69K	$126K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against HTX. 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 HTXbpFee DeribitbpOrdersPrice spread, now +0.138%Rate

Funding earned: −$21
Price spread: +0.138% → +0.056%: $8.26
Slippage, 4 orders: −$160.01
Fee HTX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$191.75
Costs to cover: 1.790%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; Deribit: 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 HTX live order book, 1 min ago	10.38 bp	76.3 bp −$76	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 3 min ago	9.19 bp	17.2 bp −$17	27.4 bp −$274	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	−0.4568%	1h	0.004344	+0.179%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0242%	1h	0.004339	+0.062%	$773K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004336	0.000%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0070%	4h	0.004337	+0.023%	$22.7M	$96.2M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0021%	4h	0.004340	+0.092%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUALshort	0.0000%	1h	0.004342	+0.138%	$69K	$126K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004337	+0.024%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0076%	4h	0.004338	+0.046%	$4.6M	$11.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004337	+0.023%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.830%	$29K	$766K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004337	+0.020%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004336	+0.012%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004342	+0.138%	$159.2M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004336	+0.010%	$786K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004339	+0.069%	$450K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004335	−0.033%	$77.0M	$164.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004345	+0.196%	$26K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004338	+0.046%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004339	+0.069%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004336	0.000%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004337	+0.023%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004339	+0.060%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004352	+0.364%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004342	+0.138%	$137K	$769K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004340	+0.092%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004342	+0.132%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004345	+0.208%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004340	+0.092%	$716	$6K	10x	as long as short
HTX PUMP-USDTlong	+0.0100%	4h	0.004336	long leg	$21K	$147K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004342	+0.138%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004336	0.000%	$3.6M	$3.7M	50x	as long as short
01 Exchange PUMPUSD	+0.0104%	1h	0.004337	+0.023%	$6K	$497	10x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004339	+0.069%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004339	+0.075%	$493K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004348	+0.286%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004343	+0.161%	$659K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0224%	1h	0.004336	0.000%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004338	+0.046%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004336	+0.006%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0348%	1h	0.004338	+0.039%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.277%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0683%	1h	0.004347	+0.252%	$1.3M	$3.5M	50x	as long as short