Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0012%/8h= +1.3% APRpaid last 24h +0.018%

Price spread now: Gate against Deribit−0.045%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$630.630% of the position

Long on Deribit Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.191%+$19 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.045%, 7d avg −0.029%

Together, before fees+0.205%+$21 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.029%, so right now this pair is about funding alone: $0 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004464	0	get 0.0000% / 1h	9m 58s	$71K	$116K	25x
Short	Gate PUMP_USDT	0.004462	0.0012	get 0.0006% / 4h	3h 09m	$4.9M	$10.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.045%Rate

Funding earned: $2.52
Price spread: −0.045% → −0.029%: −$1.55
Slippage, 4 orders: −$40.99
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$62.01
Costs to cover: 0.630%
Break-even: 179.3 days

Slippage from Deribit: live order book, 39 min ago; Gate: live order book, 4 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, 39 min ago	8.98 bp	12.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.23 bp	17.8 bp −$18	38.8 bp −$388	73.3 bp −$7,333	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	−0.2338%	1h	0.004471	+0.161%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004465	+0.022%	$18K	$242K	20x	as long as short
Deribit PUMP_USDC-PERPETUALlong	0.0000%	1h	0.004464	long leg	$71K	$116K	25x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004463	−0.025%	$56K	—	150x	as long as short
Gate PUMP_USDTshort	+0.0012%	4h	0.004462	−0.045%	$4.9M	$10.6M	75x
Lighter PUMP	+0.0096%	1h	0.004467	+0.067%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.434%	$30K	$631K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004467	+0.078%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004468	+0.089%	$714K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004469	+0.112%	$496K	$823K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004469	+0.120%	$81.4M	$166.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004466	+0.045%	$24.4M	$95.5M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004480	+0.367%	$32K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004470	+0.134%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004471	+0.157%	$24.0M	$13.7M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004467	+0.067%	$17.6M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004468	+0.090%	—	$12.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004463	−0.025%	$796K	$204K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004482	+0.395%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004485	+0.468%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004483	+0.426%	$150K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004470	+0.134%	$107K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004464	0.000%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004463	−0.022%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004468	+0.090%	$2K	$745K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004465	+0.022%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004465	+0.022%	$21K	$97K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004465	+0.022%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004471	+0.149%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004463	−0.022%	$66K	$10K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004463	−0.022%	$54K	—	100x	as long as short
Extended PUMP-USD	+0.0272%	1h	0.004470	+0.140%	$3.9M	$3.9M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004473	+0.202%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004488	+0.540%	$46K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004465	+0.015%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0344%	1h	0.004472	+0.179%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004496	+0.717%	$39K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004472	+0.179%	$721K	$5.8M	50x	as long as short
Hyperliquid PUMP	+0.0516%	1h	0.004470	+0.134%	$167.5M	$51.9M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004472	+0.176%	$531K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0656%	1h	0.004467	+0.070%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1036%	1h	0.004473	+0.197%	$518	$107K	10x	as long as short