Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0098%/8h= +10.7% APRpaid last 24h −0.003%

Price spread now: Deribit against OKX+0.202%7-day average +0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$440.440% of the position

Long on OKX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.218%−$22 on $10k

Price spread, last 4 days (all we have)−0.185%−$19 · spread now +0.202%, 7d avg +0.039%

Together, before fees−0.403%−$40 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 Deribit is 0.163% dearer against OKX than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.039%. Mind the row above: over the last 7 days funding on this pair cost −0.218%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PUMP-USDT-SWAP	0.004453	0.0100	pay 0.0050% / 4h	2h 33m	$24.4M	$94.6M	50x
Short	Deribit PUMP_USDC-PERPETUAL	0.004462	0.0198	get 0.0025% / 1h	33m 50s	$69K	$115K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against OKX. 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 OKXbpFee DeribitbpOrdersPrice spread, now +0.202%Rate

Funding earned: $20.58
Price spread: +0.202% → +0.039%: $16.29
Slippage, 4 orders: −$27.01
Fee OKX: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$7.14
Costs to cover: 0.440%
Break-even: 9.4 days

Slippage from OKX: live order book, 5 min ago; Deribit: live order book, 10 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 OKX live order book, 5 min ago	1.13 bp	8.5 bp −$9	24.4 bp −$244	doesn't fit	doesn't fit
Sell Deribit live order book, 10 min ago	7.82 bp	13.5 bp −$14	doesn't fit	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	−0.0016%	1h	0.004463	+0.227%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004464	+0.247%	$18K	$241K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004463	+0.224%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0088%	4h	0.004457	+0.090%	$5.0M	$10.4M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004463	+0.225%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.190%	$30K	$629K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004465	+0.281%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004456	+0.062%	$710K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004469	+0.359%	$538K	$767K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004455	+0.045%	$81.9M	$166.6M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAPlong	+0.0100%	4h	0.004453	long leg	$24.4M	$94.6M	50x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004453	+0.009%	$31K	$166K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004470	+0.382%	$65K	$103K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004459	+0.135%	$23.9M	$13.7M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004453	0.000%	$17.7M	$18.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004454	+0.022%	—	$13.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004462	+0.200%	$803K	$203K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004443	−0.216%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004450	−0.070%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004450	−0.067%	$150K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004465	+0.269%	$111K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004462	+0.202%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004460	+0.167%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004463	+0.225%	$2K	$745K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004463	+0.225%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004464	+0.247%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004459	+0.135%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004455	+0.052%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004458	+0.112%	$66K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0104%	8h	0.004470	+0.387%	$42K	$276	5x	as long as short
Deribit PUMP_USDC-PERPETUALshort	+0.0198%	1h	0.004462	+0.202%	$69K	$115K	25x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004462	+0.202%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0312%	1h	0.004468	+0.337%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004493	+0.898%	$3.8M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004463	+0.221%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004438	−0.346%	$45K	$119K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004469	+0.359%	$717K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0492%	1h	0.004459	+0.135%	$166.8M	$49.1M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004496	+0.966%	$38K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004468	+0.331%	$531K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0820%	1h	0.004463	+0.215%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1103%	1h	0.004464	+0.247%	$517	$104K	10x	as long as short