Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0128%/8h= −14.0% APRpaid last 24h −0.005%

Price spread now: Gate against Arcus−0.043%7-day average −0.023% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$600.600% of the position

Long on Arcus Short on Gate

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)+0.113%+$11 · spread now −0.043%, 7d avg −0.023%

Together, before fees+0.109%+$11 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Gate is 0.020% cheaper against Arcus than usual: you would sell low and buy high (−$2 if the spread goes back to its 7-day average of −0.023%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Arcus PUMP-USD	0.004599	0.0100	pay 0.0013% / 1h	22m 27s	$55K	$145K	10x
Short	Gate PUMP_USDT	0.004597	−0.0028	pay 0.0014% / 4h	3h 22m	$4.9M	$10.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against Arcus. 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 ArcusbpFee GatebpOrdersPrice spread, now −0.043%Rate

Funding earned: −$26.88
Price spread: −0.043% → −0.023%: −$2.04
Slippage, 4 orders: −$40.47
Fee Arcus: 2.25 bp × 2 orders: −$4.5
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$88.89
Costs to cover: 0.600%
Break-even: never at this rate

Slippage from Arcus: live order book, 6 min ago; Gate: live order book, 1 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 Arcus live order book, 6 min ago	9.95 bp	13.3 bp −$13	19.6 bp −$196	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	3.26 bp	14.8 bp −$15	37.4 bp −$374	79.2 bp −$7,923	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	−0.0421%	1h	0.004598	−0.018%	$21K	$11K	5x	as long as short
Gate PUMP_USDTshort	−0.0028%	4h	0.004597	−0.043%	$4.9M	$10.1M	75x
Perpl PUMP	0.0000%	43m	0.004598	−0.022%	$18K	$264K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0003%	1h	0.004600	+0.031%	$61K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004603	+0.087%	$3.0M	$4.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−2.153%	$35K	$667K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004601	+0.038%	$859K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004599	0.000%	$529K	$892K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004599	+0.008%	$83.9M	$176.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004599	0.000%	$25.2M	$105.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004563	−0.785%	$27K	$153K	5x	as long as short
Arcus PUMP-USDlong	+0.0100%	1h	0.004599	long leg	$55K	$145K	10x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004601	+0.043%	$25.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004599	0.000%	$18.0M	$18.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004599	0.000%	—	$14.6M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004599	−0.009%	$824K	$212K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004560	−0.847%	$67K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004565	−0.739%	$1.3M	$11.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004535	−1.392%	$161K	$748K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004599	0.000%	$108K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004602	+0.065%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004520	−1.717%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004600	+0.022%	$2K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004602	+0.065%	$263	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004579	−0.435%	$22K	$126K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004600	+0.022%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004601	+0.044%	$44K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004599	+0.007%	$3.8M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004598	−0.022%	$68K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0120%	1h	0.004603	+0.087%	$171.6M	$50.0M	10x	as long as short
Nado PUMP-PERP	+0.0276%	1h	0.004600	+0.033%	$1.7M	$2.2M	10x	as long as short
01 Exchange PUMPUSD	+0.0304%	1h	0.004601	+0.043%	$6K	$600	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0274%	1h	0.004597	−0.043%	$66K	—	100x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004578	−0.459%	$45K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004602	+0.065%	$3.9M	$4.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004599	−0.004%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	−0.370%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004607	+0.174%	$756K	$6.3M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0619%	1h	0.004605	+0.130%	$71K	$114K	25x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004602	+0.065%	$535K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0804%	1h	0.004605	+0.127%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0975%	1h	0.004553	−0.994%	$704	$108K	10x	as long as short