Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0317%/8h= +34.7% APRpaid last 24h −0.018%

Price spread now: Deribit against Gate+0.067%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$82as in the Funding arb table

Net, price: spread back to 7d avg − costs−$58as in the Price arb table

costs, in and out, $10k−$620.625% of the position

Long on Gate Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.191%−$19 on $10k

Price spread, last 4 days (all we have)−0.038%−$4 · spread now +0.067%, 7d avg +0.025%

Together, before fees−0.229%−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Deribit is 0.042% dearer against Gate than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.025%. Mind the row above: over the last 7 days funding on this pair cost −0.191%, so the current rate has only just turned in your favour.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.191% in total (about -10.0% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate PUMP_USDT	0.004496	0.0100	pay 0.0050% / 4h	2h 20m	$5.0M	$10.5M	75x
Short	Deribit PUMP_USDC-PERPETUAL	0.004499	0.0417	get 0.0052% / 1h	20m 13s	$70K	$115K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Gate. 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 GatebpFee DeribitbpOrdersPrice spread, now +0.067%Rate

Funding earned: $66.57
Price spread: +0.067% → +0.025%: $4.16
Slippage, 4 orders: −$40.49
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: $8.24
Costs to cover: 0.625%
Break-even: 6.1 days

Slippage from Gate: live order book, 3 min ago; Deribit: live order book, 24 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 Gate live order book, 3 min ago	1.13 bp	19.5 bp −$19	41.9 bp −$419	75.5 bp −$7,546	doesn't fit
Sell Deribit live order book, 24 min ago	7.82 bp	13.5 bp −$14	doesn't fit	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
dYdX PUMP-USD	−0.0010%	1h	0.004491	−0.107%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004499	+0.067%	$18K	$246K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004499	+0.063%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004500	+0.089%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.135%	$33K	$640K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004499	+0.059%	$717K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004498	+0.044%	$541K	$774K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004501	+0.104%	$82.5M	$166.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004499	+0.067%	$24.7M	$95.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004484	−0.262%	$26K	$167K	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	0.004503	+0.156%	$65K	$103K	10x	as long as short
Gate PUMP_USDTlong	+0.0100%	4h	0.004496	long leg	$5.0M	$10.5M	75x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004502	+0.133%	$24.2M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004498	+0.044%	$17.8M	$18.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004500	+0.089%	—	$13.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004481	−0.340%	$806K	$202K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004433	−1.408%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004444	−1.156%	$1.2M	$10.1M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004433	−1.401%	$149K	$748K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004501	+0.111%	$115K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004499	+0.067%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004496	+0.005%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004498	+0.044%	$2K	$748K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004499	+0.067%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004492	−0.089%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004499	+0.067%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004498	+0.050%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004494	−0.044%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0107%	8h	0.004503	+0.147%	$43K	$276	5x	as long as short
Nado PUMP-PERP	+0.0109%	1h	0.004501	+0.122%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004498	+0.044%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004498	+0.044%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004479	−0.378%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004501	+0.106%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004433	−1.401%	$45K	$119K	10x	as long as short
Deribit PUMP_USDC-PERPETUALshort	+0.0417%	1h	0.004499	+0.067%	$70K	$115K	25x
Hyperliquid PUMP	+0.0428%	1h	0.004504	+0.178%	$167.8M	$50.0M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004505	+0.200%	$726K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004484	−0.267%	$38K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004504	+0.171%	$535K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0814%	1h	0.004500	+0.095%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1081%	1h	0.004457	−0.878%	$717	$104K	10x	as long as short