Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.011%

Price spread now: OKX against Deribit−0.134%7-day average −0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$56as in the Price arb table

costs, in and out, $10k−$480.478% of the position

Long on Deribit Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.227%+$23 on $10k

Price spread, last 3 days (all we have)+0.118%+$12 · spread now −0.134%, 7d avg −0.048%

Together, before fees+0.345%+$34 on $10k · with fees, hour by hour

Funding pays, the price is against you. OKX is 0.086% cheaper against Deribit than usual: you would sell low and buy high (spread −0.134% now, against its 7-day average of −0.048%). If the spread goes back, that is −$9 on $10k: about 2.9 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004490	0	get 0.0000% / 1h	1m 45s	$71K	$124K	25x
Short	OKX PUMP-USDT-SWAP	0.004484	0.0100	get 0.0050% / 4h	2h 01m	$24.4M	$98.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.134%Rate

Funding earned: $21
Price spread: −0.134% → −0.048%: −$8.61
Slippage, 4 orders: −$30.79
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee OKX: 5 bp × 2 orders: −$10
Net: −$35.4
Costs to cover: 0.478%
Break-even: 18.8 days

Slippage from Deribit: live order book, 67 min ago; OKX: 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, 67 min ago	8.93 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 2 min ago	1.11 bp	7.9 bp −$8	20.4 bp −$204	107.4 bp −$10.7K	doesn't fit

PUMP on 41 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	−0.4032%	1h	0.004491	+0.025%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004490	0.000%	$18K	$214K	20x	as long as short
Deribit PUMP_USDC-PERPETUALlong	0.0000%	1h	0.004490	long leg	$71K	$124K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004490	−0.001%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0089%	4h	0.004489	−0.022%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004487	−0.067%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.004%	$28K	$779K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004492	+0.056%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004490	−0.003%	$695K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004493	+0.067%	$524K	$717K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004488	−0.045%	$82.0M	$167.4M	75x	as long as short
OKX PUMP-USDT-SWAPshort	+0.0100%	4h	0.004484	−0.134%	$24.4M	$98.5M	50x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004485	−0.105%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004494	+0.089%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004486	−0.089%	$4.9M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004491	+0.022%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004485	−0.111%	$17.7M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004487	−0.067%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004489	−0.016%	$798K	$186K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004495	+0.111%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004487	−0.067%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004497	+0.156%	$150K	$750K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004496	+0.134%	$100K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004489	−0.023%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004487	−0.067%	$2K	$742K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004489	−0.022%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004492	+0.045%	$21K	$116K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004489	−0.022%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004495	+0.105%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004485	−0.111%	$72K	$8K	3x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004498	+0.174%	$43K	$103K	10x	as long as short
Extended PUMP-USD	+0.0248%	1h	0.004486	−0.079%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004497	+0.156%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004496	+0.134%	$531K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004490	−0.005%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0349% / S −0.0278%	1h	0.004490	0.000%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004493	+0.067%	$707K	$5.9M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004511	+0.468%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0716%	1h	0.004491	+0.022%	$168.3M	$55.4M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0872%	1h	0.004495	+0.107%	$594	$112K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1238%	1h	0.004496	+0.127%	$1.4M	$3.1M	50x	as long as short