Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.099%

Price spread now: BloFin against Deribit−0.092%57s7-day average −0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs+$20as 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−$490.489% of the position

Long on Deribit Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.690%+$69 on $10k

Price spread, last 3 days (all we have)+0.054%+$5 · spread now −0.092%, 7d avg −0.007%

Together, before fees+0.745%+$74 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.086% cheaper against Deribit than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of −0.007%). If the spread goes back, that is −$9 on $10k: about 20 hours of funding at the current rate (+$10 a day). The two prices were read 57 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	Deribit PUMP_USDC-PERPETUAL	0.004327	0	get 0.0000% / 1h	25m 53s	$69K	$126K	25x
Short	BloFin PUMP-USDT	0.004323	0.0340	get 0.0170% / 4h	1h 25m	$3.4M	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Deribit. 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 DeribitbpFee BloFinbpOrdersPrice spread, now −0.092%Rate

Funding earned: $71.4
Price spread: −0.092% → −0.007%: −$8.57
Slippage, 4 orders: −$29.92
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee BloFin: 6 bp × 2 orders: −$12
Net: $13.91
Costs to cover: 0.489%
Break-even: 5.6 days

Slippage from Deribit: live order book, 57 min ago; BloFin: live order book, 2 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 Deribit live order book, 57 min ago	9.19 bp	12.7 bp −$13	22.3 bp −$223	doesn't fit	doesn't fit
Sell BloFin live order book, 2 min ago	1.16 bp	7.2 bp −$7	10.1 bp −$101	37.8 bp −$3,779	109.7 bp −$54.8K

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	−0.5220%	1h	0.004329	+0.051%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0050%	4h	0.004324	−0.069%	$22.6M	$95.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0009%	4h	0.004325	−0.046%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004325	−0.046%	$20K	$204K	20x	as long as short
Deribit PUMP_USDC-PERPETUALlong	0.0000%	1h	0.004327	long leg	$69K	$126K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004326	−0.018%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0058%	1h	0.004323	−0.097%	$771K	$180K	5x	as long as short
Gate PUMP_USDT	+0.0090%	4h	0.004323	−0.092%	$4.6M	$11.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004322	−0.116%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004323	−0.092%	$6K	$497	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.624%	$29K	$763K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004322	−0.109%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004323	−0.081%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004330	+0.069%	$158.6M	$52.6M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004322	−0.111%	$782K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004325	−0.046%	$448K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004324	−0.069%	$77.0M	$163.4M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004333	+0.143%	$25K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004323	−0.092%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004326	−0.023%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004325	−0.046%	$17.2M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004325	−0.046%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004326	−0.034%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004327	−0.011%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004330	+0.069%	$137K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004329	+0.046%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004326	−0.012%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004327	0.000%	$2K	$712K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004323	−0.092%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004324	−0.069%	$21K	$139K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004321	−0.139%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004323	−0.098%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004323	−0.092%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004325	−0.055%	$489K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004329	+0.053%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004331	+0.092%	$666K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0312% / S −0.0230%	1h	0.004326	−0.023%	$67K	—	100x	as long as short
BloFin PUMP-USDTshort	+0.0340%	4h	0.004323	−0.092%	$3.4M	$3.7M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004324	−0.071%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0420%	1h	0.004325	−0.036%	$180	$107K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004333	+0.139%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0808%	1h	0.004329	+0.053%	$1.3M	$3.5M	50x	as long as short