Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC−0.0140%/8h= −15.3% APRpaid last 24h −0.005%

Price spread now: Bitget against Coinbase International−0.184%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on Coinbase International Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.031%+$3 on $10k

Price spread, last 3 days (all we have)+0.127%+$13 · spread now −0.184%, 7d avg −0.027%

Together, before fees+0.158%+$16 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 Bitget is 0.158% cheaper against Coinbase International than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PUMP-PERP-INTX	0.004338	0.0240	pay 0.0030% / 1h	32m 37s	$659K	$5.4M	50x
Short	Bitget PUMPUSDT	0.004330	0.0100	get 0.0050% / 4h	2h 32m	$17.1M	$19.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.184%Rate

Funding earned: −$29.4
Price spread: −0.184% → −0.027%: −$15.76
Slippage, 4 orders: −$29.08
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$96.24
Costs to cover: 0.511%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; Bitget: 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	1.15 bp	15.0 bp −$15	21.0 bp −$210	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.46 bp	11.2 bp −$11	19.3 bp −$193	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	−0.2934%	1h	0.004336	−0.046%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0356%	1h	0.004330	−0.180%	$775K	$181K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004332	−0.138%	$20K	$204K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0063%	4h	0.004330	−0.184%	$22.6M	$94.6M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0017%	4h	0.004330	−0.184%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004332	−0.138%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004333	−0.126%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004330	−0.184%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.876%	$29K	$766K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004330	−0.182%	$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	0.004329	−0.196%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004335	−0.069%	$158.5M	$52.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004333	−0.105%	$787K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004331	−0.161%	$449K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004333	−0.115%	$76.9M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004319	−0.447%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004333	−0.115%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004330	−0.184%	$4.6M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004335	−0.069%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDTshort	+0.0100%	4h	0.004330	−0.184%	$17.1M	$19.1M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004332	−0.138%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004325	−0.299%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004332	−0.129%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004319	−0.438%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004335	−0.069%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004332	−0.139%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004332	−0.138%	$2K	$708K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004330	−0.184%	$714	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004333	−0.115%	$21K	$148K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004327	−0.254%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004331	−0.161%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004328	−0.231%	$71K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0120%	1h	0.004334	−0.092%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004334	−0.081%	$493K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004337	−0.016%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0240%	1h	0.004338	long leg	$659K	$5.4M	50x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0222%	1h	0.004331	−0.161%	$67K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0315%	1h	0.004320	−0.408%	$180	$106K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004325	−0.300%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004329	−0.200%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.323%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0685%	1h	0.004335	−0.077%	$1.3M	$3.5M	50x	as long as short