Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0110%/8h= +12.0% APRpaid last 24h +0.407%

Price spread now: Bitget against dYdX+0.195%7-day average — · you sell dearer than you buy

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

Long on dYdX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 6 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Bitget is 0.195% dearer against dYdX than usual: you sell high and buy low: +$20 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX PUMP-USD	0.004494	−0.0010	get 0.0001% / 1h	18m 01s	$21K	$11K	5x
Short	Bitget PUMPUSDT	0.004503	0.0100	get 0.0050% / 4h	2h 18m	$17.8M	$18.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against dYdX. 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 dYdXbpFee BitgetbpOrdersPrice spread, now +0.195%Rate

Funding earned: $23.01
Price spread: +0.195% → 0.000%: $19.5
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: $20.51
Costs to cover: 0.220%
Break-even: 0.8 days

Slippage unknown: dYdX: no order-book sample; Bitget: live order book, 1 min ago. 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 dYdX no order-book sample	—	—	—	—	—
Sell Bitget live order book, 1 min ago	3.34 bp	15.1 bp −$15	35.6 bp −$356	doesn't fit	doesn't fit

dYdX: 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-USDlong	−0.0010%	1h	0.004494	long leg	$21K	$11K	5x
Perpl PUMP	0.0000%	43m	0.004494	−0.005%	$18K	$247K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004498	+0.074%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004502	+0.173%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.097%	$33K	$639K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004504	+0.210%	$718K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004493	−0.028%	$532K	$880K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004505	+0.240%	$82.7M	$167.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004505	+0.240%	$24.6M	$96.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004501	+0.157%	$26K	$168K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004495	+0.017%	$65K	$103K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004500	+0.128%	$5.0M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004505	+0.240%	$24.2M	$13.6M	50x	as long as short
Bitget PUMPUSDTshort	+0.0100%	4h	0.004503	+0.195%	$17.8M	$18.5M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004501	+0.151%	—	$13.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004503	+0.206%	$811K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004479	−0.348%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004444	−1.117%	$1.2M	$10.1M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004433	−1.363%	$149K	$748K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004497	+0.062%	$113K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004501	+0.151%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004498	+0.095%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004500	+0.128%	$2K	$749K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004501	+0.151%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004490	−0.094%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004502	+0.173%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004501	+0.158%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004495	+0.017%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0107%	8h	0.004492	−0.048%	$43K	$276	5x	as long as short
Nado PUMP-PERP	+0.0115%	1h	0.004493	−0.016%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004496	+0.039%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004498	+0.084%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004496	+0.039%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004497	+0.057%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004496	+0.039%	$46K	$119K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0417%	1h	0.004502	+0.173%	$70K	$115K	25x	as long as short
Hyperliquid PUMP	+0.0426%	1h	0.004510	+0.351%	$168.0M	$50.0M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004503	+0.195%	$725K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004491	−0.072%	$38K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004496	+0.050%	$534K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0813%	1h	0.004502	+0.178%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1100%	1h	0.004472	−0.494%	$719	$111K	10x	as long as short