Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:31 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.030%

Price spread now: Deribit against Perpl+0.067%7-day average +0.030% · you sell dearer than you buy

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

Long on Perpl Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.056%−$6 on $10k

Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.067%, 7d avg +0.030%

Together, before fees−0.093%+ Points / potential airdropPerpl: Active · farm board−$9 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 0.037% dearer against Perpl than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004478	0	get 0.0000% / 43m	33m 49s	$18K	$237K	20x
Short	Deribit PUMP_USDC-PERPETUAL	0.004481	0	get 0.0000% / 1h	53m 49s	$70K	$117K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Perpl. 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 PerplbpFee DeribitbpOrdersPrice spread, now +0.067%Rate

Funding earned: $0
Price spread: +0.067% → +0.030%: $3.67
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$17.13
Costs to cover: 0.208%
Break-even: never at this rate

Slippage unknown: Perpl: no order-book sample; Deribit: live order book, 55 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 Perpl no order-book sample	—	—	—	—	—
Sell Deribit live order book, 55 min ago	8.98 bp	16.9 bp −$17	27.0 bp −$270	doesn't fit	doesn't fit

Perpl: 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
dYdX PUMP-USD	0.0000%	1h	0.004480	+0.047%	$21K	$11K	5x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004478	long leg	$18K	$237K	20x
Deribit PUMP_USDC-PERPETUALshort	0.0000%	1h	0.004481	+0.067%	$70K	$117K	25x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004478	0.000%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0082%	4h	0.004479	+0.022%	$5.0M	$10.3M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004484	+0.134%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.742%	$28K	$632K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004481	+0.078%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004480	+0.048%	$712K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004481	+0.067%	$537K	$763K	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	0.004482	+0.094%	$81.7M	$164.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004475	−0.067%	$24.6M	$94.7M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004497	+0.424%	$32K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004481	+0.067%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004483	+0.112%	$24.1M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004473	−0.112%	$17.7M	$18.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004478	0.000%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004480	+0.051%	$801K	$203K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004488	+0.215%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004496	+0.401%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004488	+0.223%	$151K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004483	+0.112%	$109K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004480	+0.045%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004479	+0.014%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004479	+0.022%	$2K	$737K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004482	+0.089%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004475	−0.067%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004479	+0.022%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0104%	8h	0.004482	+0.093%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004477	−0.022%	$66K	$10K	3x	as long as short
Extended PUMP-USD	+0.0232%	1h	0.004481	+0.073%	$3.9M	$3.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004476	−0.045%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0336%	1h	0.004482	+0.089%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004482	+0.089%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004485	+0.156%	$46K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004479	+0.017%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004485	+0.156%	$718K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0533%	1h	0.004479	+0.022%	$167.9M	$48.2M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004498	+0.447%	$39K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004482	+0.089%	$533K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0816%	1h	0.004484	+0.134%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1118%	1h	0.004483	+0.115%	$519	$104K	10x	as long as short