PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0326%/8h= +35.7% APRnext payment +$0.41 per $10,000 · paid last 24h +0.166%

Price spread now: Aftermath Perps against Backpack−0.295%7-day average +0.120% · 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−$108as in the Price arb table

costs, in and out, $10k−$660.664% of the position

Long on Backpack Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.512%+$51 on $10k

Price spread, last 3 days (all we have)+0.959%+$96 · spread now −0.295%, 7d avg +0.120%

Together, before fees+1.471%+$147 on $10k · with fees, hour by hour

Funding pays, the price is against you. Aftermath Perps is 0.414% cheaper against Backpack than usual: you would sell low and buy high (spread −0.295% now, against its 7-day average of +0.120%). If the spread goes back, that is −$41 on $10k: about 4.2 days of funding at the current rate (+$10 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack PUMP_USDC_PERP	0.004373	0.0100	pay 0.0013% / 1h	3m 19s	$779K	$183K	5x
Short	Aftermath Perps PUMPUSD	0.004360	0.0426	get 0.0053% / 1h	3m 19s	$181	$106K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Backpack. 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 BackpackbpFee Aftermath PerpsbpOrdersPrice spread, now −0.295%Rate

Funding earned: $68.54
Price spread: −0.295% → +0.120%: −$41.44
Slippage, 4 orders: −$47.42
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$39.32
Costs to cover: 0.664%
Break-even: 11.0 days

Slippage from Backpack: live order book, 16 min ago; Aftermath Perps: live order book, 16 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 Backpack live order book, 16 min ago	1.50 bp	9.2 bp −$9	15.7 bp −$157	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 16 min ago	5.06 bp	24.0 bp −$24	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	−0.3466%	1h	0.004367	−0.120%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0037%	4h	0.004374	+0.030%	$22.9M	$96.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0001%	4h	0.004374	+0.030%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004373	+0.007%	$20K	$202K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004374	+0.021%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004373	+0.007%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.663%	$29K	$764K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004376	+0.079%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004376	+0.087%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004381	+0.190%	$160.9M	$52.4M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004373	+0.011%	$791K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004374	+0.030%	$453K	$603K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004375	+0.043%	$77.9M	$163.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004357	−0.350%	$26K	$174K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004377	+0.098%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004374	+0.030%	$4.7M	$11.8M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004377	+0.098%	$23.2M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004373	+0.007%	$17.4M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004374	+0.030%	—	$12.7M	—	as long as short
Backpack PUMP_USDC_PERPlong	+0.0100%	1h	0.004373	long leg	$779K	$183K	5x
edgeX PUMPUSDC	+0.0100%	4h	0.004360	−0.294%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004362	−0.255%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004357	−0.359%	$137K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004379	+0.144%	$82K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004374	+0.036%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004376	+0.075%	$2K	$714K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004374	+0.030%	$721	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004372	−0.016%	$22K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004372	−0.016%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004374	+0.022%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004374	+0.030%	$72K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0112%	1h	0.004377	+0.098%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004377	+0.087%	$488K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004365	−0.183%	$39K	$99K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0207%	1h	0.004376	+0.075%	$69K	$126K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004378	+0.121%	$679K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0314% / S −0.0229%	1h	0.004372	−0.016%	$68K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004357	−0.359%	$3.4M	$3.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004375	+0.051%	$2	—	3x	as long as short
Aftermath Perps PUMPUSDshort	+0.0426%	1h	0.004360	−0.295%	$181	$106K	10x
Injective PUMP/USDC PERP	+0.0652%	1h	0.004380	+0.167%	$39K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0799%	1h	0.004379	+0.154%	$1.3M	$3.5M	50x	as long as short