Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0103%/8h= −11.3% APRpaid last 24h +0.027%

Price spread now: HTX against Deribit−0.498%58s7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$154as 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−$1821.824% of the position

Long on Deribit Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.284%+$28 on $10k

Price spread, last 3 days (all we have)+0.378%+$38 · spread now −0.498%, 7d avg −0.056%

Together, before fees+0.663%+$66 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and HTX is 0.443% cheaper against Deribit than usual: you would sell low and buy high (−$44 if the spread goes back to its 7-day average of −0.056%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.284%, so the current rate has only just turned against you. The two prices were read 58 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	0.004415	0.0203	pay 0.0025% / 1h	44m 26s	$70K	$124K	25x
Short	HTX PUMP-USDT	0.004393	0.0100	get 0.0050% / 4h	2h 44m	$21K	$117K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.498%Rate

Funding earned: −$21.63
Price spread: −0.498% → −0.056%: −$44.28
Slippage, 4 orders: −$163.42
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee HTX: 6 bp × 2 orders: −$12
Net: −$248.33
Costs to cover: 1.824%
Break-even: never at this rate

Slippage from Deribit: live order book, 24 min ago; HTX: live order book, 22 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, 24 min ago	8.93 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 22 min ago	14.49 bp	68.8 bp −$69	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
dYdX PUMP-USD	−0.0084%	1h	0.004402	−0.288%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004408	−0.159%	$19K	$199K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004412	−0.058%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0060%	4h	0.004414	−0.023%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004401	−0.317%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.340%	$27K	$769K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004402	−0.290%	$698K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004402	−0.294%	$495K	$650K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004411	−0.098%	$79.1M	$164.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004414	−0.023%	$23.6M	$96.6M	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	0.004397	−0.417%	$26K	$167K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004404	−0.249%	$39K	$60K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004408	−0.159%	$4.8M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004410	−0.113%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004415	0.000%	$17.5M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004411	−0.091%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004400	−0.335%	$783K	$181K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004406	−0.213%	$64K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004410	−0.107%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004408	−0.159%	$139K	$759K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004412	−0.068%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004413	−0.045%	$104K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004414	−0.017%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004413	−0.045%	$2K	$732K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004417	+0.045%	$277	$7K	10x	as long as short
HTX PUMP-USDTshort	+0.0100%	4h	0.004393	−0.498%	$21K	$117K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004401	−0.317%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004404	−0.242%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004415	+0.009%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004412	−0.068%	$70K	$8K	3x	as long as short
Deribit PUMP_USDC-PERPETUALlong	+0.0203%	1h	0.004415	long leg	$70K	$124K	25x
01 Exchange PUMPUSD	+0.0224%	1h	0.004409	−0.136%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004408	−0.165%	$41K	$103K	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004408	−0.169%	$481K	$995K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004407	−0.181%	$3.6M	$4.2M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004409	−0.140%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0360% / S −0.0301%	1h	0.004410	−0.113%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004403	−0.272%	$701K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0457%	1h	0.004416	+0.023%	$162.7M	$54.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004417	+0.045%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0701%	1h	0.004407	−0.180%	$386	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1259%	1h	0.004421	+0.133%	$1.3M	$3.1M	50x	as long as short