Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0097%/8hnext payment +$0.12 per $10,000 · paid last 24h +0.024%

Price spread now: Derive against gTrade (Gains Network)−0.035%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 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

Funding pays, the price is against you. Derive is 0.035% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.035% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$3 on $10k: about 28 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) PUMP/USD	0.004288	L +0.0003% / S −0.0002%	pay 0.0000% / 1h	6m 31s	$54K	—	150x
Short	Derive PUMP-PERP	0.004286	0.0100	get 0.0013% / 1h	6m 31s	$4K	$15K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee DerivebpOrdersPrice spread, now −0.035%Rate

Funding earned: $20.4
Price spread: −0.035% → 0.000%: −$3.46
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: $0.94
Costs to cover: 0.160%
Break-even: 6.7 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Derive: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Derive no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Derive: 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	−0.0856%	1h	0.004289	+0.029%	$20K	$7K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004283	−0.111%	$19K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004287	−0.017%	$69K	$127K	25x	as long as short
gTrade (Gains Network) PUMP/USDlong	L +0.0003% / S −0.0002%	1h	0.004288	long leg	$54K	—	150x
Orderly PERP_PUMP_USDC	+0.0017%	4h	0.004285	−0.064%	$40K	$16K	10x	as long as short
Gate PUMP_USDT	+0.0066%	4h	0.004282	−0.134%	$4.6M	$12.0M	75x	as long as short
Aster PUMPUSDT	+0.0074%	4h	0.004285	−0.064%	$755K	$2.4M	50x	as long as short
Backpack PUMP_USDC_PERP	+0.0086%	1h	0.004285	−0.071%	$767K	$194K	5x	as long as short
OKX PUMP-USDT-SWAP	+0.0088%	4h	0.004280	−0.181%	$22.6M	$97.9M	50x	as long as short
Phoenix PUMP	+0.0094%	1h	0.004287	−0.013%	$38K	$100K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter PUMP	+0.0096%	1h	0.004283	−0.111%	$2.9M	$6.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−2.046%	$26K	$820K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004282	−0.127%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004281	−0.146%	$1.6M	$2.1M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004289	+0.029%	$156.5M	$54.3M	10x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004283	−0.111%	$445K	$642K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004282	−0.134%	$76.3M	$175.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004277	−0.260%	$20K	$197K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004282	−0.134%	$41K	$57K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004286	−0.041%	$22.5M	$14.1M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004283	−0.111%	$17.1M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004282	−0.134%	—	$13.5M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004282	−0.134%	$64K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004280	−0.190%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004287	−0.017%	$107K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004286	−0.041%	$93K	$1.9M	10x	as long as short
Derive PUMP-PERPshort	+0.0100%	1h	0.004286	−0.035%	$4K	$15K	6.7x
SunX PUMP-USDT	+0.0100%	4h	0.004286	−0.041%	$2K	$738K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004283	−0.111%	$269	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004283	−0.111%	$22K	$154K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004284	−0.087%	$2.0M	$4.1M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004281	−0.154%	$3.5M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004284	−0.087%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0117%	1h	0.004285	−0.069%	$489K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0120%	1h	0.004283	−0.111%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0208%	1h	0.004289	+0.029%	$624K	$6.0M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0229%	1h	0.004284	−0.088%	$178	$115K	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0222%	1h	0.004286	−0.041%	$66K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004283	−0.111%	$3.5M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004281	−0.147%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0603%	1h	0.004284	−0.087%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0786%	1h	0.004289	+0.031%	$1.3M	$3.6M	50x	as long as short