Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0002%/8h= −0.2% APRpaid last 24h −0.067%

Price spread now: BloFin against Aftermath Perps−0.170%49s7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$690.686% of the position

Long on Aftermath Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.109%−$11 on $10k

Price spread, last 3 days (all we have)−0.066%−$7 · spread now −0.170%, 7d avg −0.043%

Together, before fees−0.175%−$17 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BloFin is 0.127% cheaper against Aftermath Perps than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.043%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps PUMPUSD	0.004333	0.0342	pay 0.0043% / 1h	14m 22s	$180	$106K	10x
Short	BloFin PUMP-USDT	0.004326	0.0340	get 0.0170% / 4h	2h 14m	$3.4M	$3.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aftermath Perps. 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 Aftermath PerpsbpFee BloFinbpOrdersPrice spread, now −0.170%Rate

Funding earned: −$0.46
Price spread: −0.170% → −0.043%: −$12.66
Slippage, 4 orders: −$47.61
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$81.73
Costs to cover: 0.686%
Break-even: never at this rate

Slippage from Aftermath Perps: live order book, 10 min ago; BloFin: live order book, 4 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 Aftermath Perps live order book, 10 min ago	5.08 bp	21.8 bp −$22	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	2.31 bp	14.8 bp −$15	16.0 bp −$160	37.2 bp −$3,719	122.7 bp −$61.3K

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	−0.5089%	1h	0.004331	−0.059%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0227%	1h	0.004327	−0.149%	$771K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004326	−0.170%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0065%	4h	0.004326	−0.170%	$22.6M	$95.7M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0025%	4h	0.004326	−0.170%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004328	−0.123%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004327	−0.135%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0056%	4h	0.004326	−0.170%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0088%	1h	0.004329	−0.100%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004327	−0.147%	$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	−0.770%	$29K	$766K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004327	−0.156%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004326	−0.158%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004333	−0.008%	$158.8M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004325	−0.193%	$780K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004328	−0.123%	$449K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004327	−0.153%	$76.8M	$164.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004331	−0.045%	$25K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004327	−0.147%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004330	−0.077%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004327	−0.147%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004325	−0.193%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004333	−0.015%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004333	−0.017%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004336	+0.061%	$137K	$770K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004330	−0.077%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004328	−0.125%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004328	−0.123%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004325	−0.193%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004331	−0.054%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004329	−0.100%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004326	−0.173%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004325	−0.193%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004329	−0.103%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004335	+0.045%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004334	+0.015%	$658K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0225%	1h	0.004327	−0.147%	$67K	—	100x	as long as short
BloFin PUMP-USDTshort	+0.0340%	4h	0.004326	−0.170%	$3.4M	$3.7M	75x
Aftermath Perps PUMPUSDlong	+0.0342%	1h	0.004333	long leg	$180	$106K	10x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004326	−0.164%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.216%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0686%	1h	0.004331	−0.044%	$1.3M	$3.5M	50x	as long as short