Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.027%

Price spread now: Deribit against Binance+0.023%55s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$440.444% of the position

Long on Binance Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.234%−$23 on $10k

Price spread, last 3 days (all we have)−0.011%−$1 · spread now +0.023%, 7d avg +0.025%

Together, before fees−0.245%−$24 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.025%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance PUMPUSDT	0.004375	0.0100	pay 0.0050% / 4h	3h 57m	$78.2M	$164.4M	75x
Short	Deribit PUMP_USDC-PERPETUAL	0.004376	0	get 0.0000% / 1h	57m 19s	$69K	$125K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Binance. 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 BinancebpFee DeribitbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$21
Price spread: +0.023% → +0.025%: −$0.2
Slippage, 4 orders: −$27.44
Fee Binance: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$65.64
Costs to cover: 0.444%
Break-even: never at this rate

Slippage from Binance: 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 Binance live order book, 1 min ago	1.14 bp	7.8 bp −$8	20.5 bp −$205	69.0 bp −$6,901	370.4 bp −$185.2K
Sell Deribit live order book, 16 min ago	8.01 bp	13.7 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
Backpack PUMP_USDC_PERP	−0.0213%	1h	0.004376	+0.016%	$780K	$181K	5x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004374	−0.017%	$20K	$9K	5x	as long as short
Popdex PUMPUSDT	0.0000%	1h	0.004300	−1.714%	$31K	$772K	20x	as long as short
Perpl PUMP	0.0000%	43m	0.004375	0.000%	$18K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUALshort	0.0000%	1h	0.004376	+0.023%	$69K	$125K	25x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004376	+0.017%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0032%	4h	0.004374	−0.023%	$41K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0033%	4h	0.004372	−0.069%	$22.9M	$96.9M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004374	−0.023%	$2.9M	$5.3M	10x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004376	+0.024%	$42K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004371	−0.080%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004374	−0.023%	$724K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004375	0.000%	$458K	$604K	10x	as long as short
Binance PUMPUSDTlong	+0.0100%	4h	0.004375	long leg	$78.2M	$164.4M	75x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004372	−0.069%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004377	+0.046%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004374	−0.023%	$4.7M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004376	+0.023%	$23.2M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004374	−0.023%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004374	−0.023%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004372	−0.065%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004376	+0.023%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004380	+0.114%	$138K	$761K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004378	+0.069%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004375	−0.001%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004369	−0.137%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004375	0.000%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004362	−0.297%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004374	−0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004376	+0.016%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004376	+0.023%	$72K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0128%	1h	0.004381	+0.137%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004380	+0.110%	$39K	$99K	10x	as long as short
Hyperliquid PUMP	+0.0202%	1h	0.004378	+0.069%	$160.9M	$53.3M	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004378	+0.080%	$489K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004371	−0.091%	$3.5M	$4.1M	75x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0341% / S −0.0283%	1h	0.004374	−0.023%	$74K	—	100x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004371	−0.094%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004377	+0.046%	$692K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004378	+0.069%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0500%	1h	0.004376	+0.027%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0939%	1h	0.004380	+0.119%	$1.3M	$3.5M	50x	as long as short