Funding arb · Price arb /

PUMP

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.032%

Price spread now: Aster against Extended+0.160%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$340.342% of the position

Long on Extended Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.050%−$5 on $10k

Price spread, last 7 days−0.173%−$17 · spread now +0.160%, 7d avg +0.035%

Together, before fees−0.224%+ Points / potential airdropExtended: Active · Aster: Stage 5 · farm board−$22 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.125% dearer against Extended than usual: you sell high and buy low (spread +0.160% now, against its 7-day average of +0.035%): +$12 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.2 days. At the pace of the last 7 days (−0.050% in total) that is about 17 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended PUMP-USD	0.004351	0.0200	pay 0.0025% / 1h	50m 37s	$3.8M	$4.3M	50x
Short	Aster PUMPUSDT	0.004358	0.0100	get 0.0050% / 4h	50m 37s	$685K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Extended. 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 ExtendedbpFee AsterbpOrdersPrice spread, now +0.160%Rate

Funding earned: −$21
Price spread: +0.160% → +0.035%: $12.49
Slippage, 4 orders: −$21.16
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Aster: 4 bp × 2 orders: −$8
Net: −$42.67
Costs to cover: 0.342%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; Aster: live order book, 3 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 Extended live order book, 3 min ago	1.14 bp	3.6 bp −$4	10.2 bp −$102	doesn't fit	doesn't fit
Sell Aster live order book, 3 min ago	4.57 bp	10.0 bp −$10	20.7 bp −$207	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
Backpack PUMP_USDC_PERP	−0.0406%	1h	0.004356	+0.106%	$772K	$200K	5x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004352	+0.020%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004360	+0.198%	$17K	$235K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004357	+0.140%	$52K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004354	+0.060%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.181%	$28K	$818K	20x	as long as short
Aster PUMPUSDTshort	+0.0100%	4h	0.004358	+0.160%	$685K	$2.4M	50x
Pacifica PUMP	+0.0100%	1h	0.004353	+0.037%	$483K	$817K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004354	+0.060%	$79.2M	$173.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004355	+0.083%	$23.7M	$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	0.004378	+0.624%	$36K	$186K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004357	+0.129%	$61K	$102K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004349	−0.054%	$4.8M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004362	+0.244%	$23.3M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004352	+0.015%	$17.4M	$20.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004350	−0.031%	—	$13.0M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004379	+0.626%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004377	+0.596%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004379	+0.635%	$145K	$752K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004364	+0.290%	$97K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004357	+0.129%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004358	+0.145%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004359	+0.175%	$2K	$764K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004358	+0.152%	$273	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004354	+0.060%	$21K	$112K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004359	+0.175%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004356	+0.116%	$41K	$276	5x	as long as short
Nado PUMP-PERP	+0.0102%	1h	0.004360	+0.210%	$1.6M	$2.1M	10x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004355	+0.083%	$69K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004358	+0.152%	$59K	—	100x	as long as short
Extended PUMP-USDlong	+0.0200%	1h	0.004351	long leg	$3.8M	$4.3M	50x
Deribit PUMP_USDC-PERPETUAL	+0.0209%	1h	0.004360	+0.198%	$69K	$124K	25x	as long as short
01 Exchange PUMPUSD	+0.0256%	1h	0.004356	+0.106%	$6K	$727	10x	as long as short
Hyperliquid PUMP	+0.0272%	1h	0.004365	+0.313%	$162.8M	$56.1M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004355	+0.083%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004360	+0.194%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004377	+0.589%	$42K	$120K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004365	+0.313%	$691K	$5.8M	50x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004356	+0.117%	$518K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004374	+0.520%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0813%	1h	0.004360	+0.202%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0894%	1h	0.004387	+0.823%	$579	$115K	10x	as long as short