Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0436%/8h= −47.7% APRpaid last 24h −0.067%

Price spread now: Aster against Coinbase International−0.084%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$490.487% of the position

Long on Coinbase International Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.029%−$3 on $10k

Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.084%, 7d avg −0.037%

Together, before fees+0.054%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and Aster is 0.046% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of −0.037%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.029% in total (about -1.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PUMP-PERP-INTX	0.004505	0.0536	pay 0.0067% / 1h	42m 39s	$727K	$5.9M	50x
Short	Aster PUMPUSDT	0.004501	0.0100	get 0.0050% / 4h	42m 39s	$823K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Coinbase International. 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 Coinbase InternationalbpFee AsterbpOrdersPrice spread, now −0.084%Rate

Funding earned: −$91.56
Price spread: −0.084% → −0.037%: −$4.63
Slippage, 4 orders: −$30.68
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$144.87
Costs to cover: 0.487%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Aster: 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 Coinbase International live order book, 1 min ago	4.44 bp	15.4 bp −$15	20.8 bp −$208	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	4.45 bp	12.5 bp −$13	21.0 bp −$210	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	0.0000%	1h	0.004499	−0.131%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004500	−0.111%	$18K	$266K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004500	−0.114%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0026%	4h	0.004496	−0.200%	$5.0M	$10.2M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004506	+0.022%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.111%	$29K	$647K	20x	as long as short
Aster PUMPUSDTshort	+0.0100%	4h	0.004501	−0.084%	$823K	$2.4M	50x
Pacifica PUMP	+0.0100%	1h	0.004504	−0.022%	$531K	$865K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004504	−0.019%	$82.4M	$172.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004502	−0.067%	$24.8M	$98.6M	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	0.004496	−0.189%	$27K	$150K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004505	0.000%	$65K	$100K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004507	+0.044%	$24.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004504	−0.022%	$17.7M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004502	−0.067%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004498	−0.144%	$805K	$202K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004508	+0.075%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004500	−0.104%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004506	+0.022%	$152K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004505	0.000%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004501	−0.089%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004500	−0.114%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004501	−0.089%	$1K	$773K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004500	−0.111%	$253	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004498	−0.155%	$21K	$79K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004500	−0.111%	$1.9M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004504	−0.016%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004498	−0.149%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004499	−0.133%	$67K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0184%	1h	0.004503	−0.033%	$1.6M	$2.1M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0194%	1h	0.004502	−0.067%	$69K	$116K	25x	as long as short
Hyperliquid PUMP	+0.0224%	1h	0.004504	−0.022%	$168.1M	$51.1M	10x	as long as short
01 Exchange PUMPUSD	+0.0272%	1h	0.004504	−0.022%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0279%	1h	0.004502	−0.067%	$37K	$204K	12x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0303% / S −0.0274%	1h	0.004501	−0.089%	$64K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004502	−0.067%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004502	−0.073%	$2	—	3x	as long as short
Phoenix PUMP	+0.0410%	1h	0.004504	−0.031%	$47K	$139K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0447%	1h	0.004502	−0.062%	$1.1M	$3.5M	50x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0536%	1h	0.004505	long leg	$727K	$5.9M	50x
RISEx PUMP/USDC	+0.0784%	1h	0.004505	−0.007%	$537K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0956%	1h	0.004501	−0.089%	$498	$113K	10x	as long as short