Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.027%

Price spread now: Paradex against Deribit−0.014%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 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	0.004316	0	get 0.0000% / 1h	6m 42s	$69K	$126K	25x
Short	Paradex PUMP-USD-PERP	0.004315	0.0100	get 0.0100% / 8h	2h 06m	$41K	—	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.014%Rate

Funding earned: $21
Price spread: −0.014% → 0.000%: −$1.41
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Paradex: 2 bp × 2 orders: −$4
Net: $8.59
Costs to cover: 0.110%
Break-even: 4.1 days

Slippage unknown: Deribit: live order book, 17 min ago; Paradex: no order-book sample. Net counts fees only.

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, 17 min ago	9.19 bp	12.7 bp −$13	22.3 bp −$223	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.5212%	1h	0.004314	−0.053%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0233%	1h	0.004313	−0.065%	$769K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004316	0.000%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0063%	4h	0.004310	−0.139%	$22.5M	$95.4M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0026%	4h	0.004314	−0.046%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUALlong	0.0000%	1h	0.004316	long leg	$69K	$126K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004316	+0.005%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0054%	4h	0.004311	−0.116%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0080%	1h	0.004316	0.000%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004311	−0.116%	$2.9M	$5.5M	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	−0.371%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERPshort	+0.0100%	8h	0.004315	−0.014%	$41K	—	5x
Nado PUMP-PERP	+0.0100%	1h	0.004314	−0.035%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004316	0.000%	$158.0M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004311	−0.107%	$777K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004318	+0.046%	$447K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004310	−0.139%	$76.5M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004319	+0.074%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004316	0.000%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004314	−0.046%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004311	−0.116%	$17.0M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004310	−0.139%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004322	+0.150%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004322	+0.140%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004324	+0.185%	$136K	$771K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004319	+0.070%	$90K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004315	−0.023%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004317	+0.023%	$2K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004313	−0.070%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004315	−0.023%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004314	−0.046%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004310	−0.140%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004312	−0.093%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004318	+0.046%	$489K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004325	+0.218%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004334	+0.417%	$658K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0226%	1h	0.004316	0.000%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004311	−0.116%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0343%	1h	0.004325	+0.211%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004314	−0.041%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.185%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0687%	1h	0.004319	+0.072%	$1.3M	$3.5M	50x	as long as short