Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.031%

Price spread now: ApeX Omni against Backpack+0.678%84s7-day average +0.109% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

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

costs, in and out, $10k−$490.487% of the position

Long on Backpack Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.241%+$24 on $10k

Price spread, last 4 days (all we have)+0.390%+$39 · spread now +0.678%, 7d avg +0.109%

Together, before fees+0.632%+$63 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: ApeX Omni is 0.569% dearer against Backpack than usual: you sell high and buy low, +$57 on $10k if it goes back to its 7-day average of +0.109%. The two prices were read 84 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	Backpack PUMP_USDC_PERP	0.004483	0.0100	pay 0.0013% / 1h	45m 57s	$795K	$187K	5x
Short	ApeX Omni PUMPUSDT	0.004513	0.0100	get 0.0013% / 1h	45m 57s	$150K	$751K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni 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 ApeX OmnibpOrdersPrice spread, now +0.678%Rate

Funding earned: $0
Price spread: +0.678% → +0.109%: $56.88
Slippage, 4 orders: −$28.73
Fee Backpack: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $8.15
Costs to cover: 0.487%
Break-even: from the start

Slippage from Backpack: live order book, 18 min ago; ApeX Omni: live order book, 18 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, 18 min ago	2.78 bp	14.3 bp −$14	23.5 bp −$235	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 18 min ago	5.56 bp	13.4 bp −$13	88.3 bp −$883	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	0.0000%	1h	0.004492	+0.214%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004492	+0.210%	$18K	$220K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004493	+0.232%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004493	+0.232%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0093%	4h	0.004494	+0.254%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004485	+0.054%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.843%	$27K	$779K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004495	+0.288%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004484	+0.028%	$706K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004489	+0.143%	$521K	$725K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004486	+0.072%	$82.2M	$169.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004485	+0.054%	$24.4M	$99.0M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004502	+0.433%	$26K	$187K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004491	+0.187%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004482	−0.013%	$5.0M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004486	+0.076%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004487	+0.098%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004485	+0.054%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERPlong	+0.0100%	1h	0.004483	long leg	$795K	$187K	5x
edgeX PUMPUSDC	+0.0100%	4h	0.004511	+0.631%	$68K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004520	+0.845%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDTshort	+0.0100%	1h	0.004513	+0.678%	$150K	$751K	50x
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004498	+0.344%	$106K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004493	+0.232%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004489	+0.143%	$2K	$747K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004484	+0.031%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004482	−0.013%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004485	+0.054%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004488	+0.110%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004490	+0.165%	$72K	$8K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0232% / S −0.0084%	1h	0.004492	+0.210%	$61K	—	100x	as long as short
Extended PUMP-USD	+0.0296%	1h	0.004481	−0.026%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004496	+0.299%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004508	+0.560%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004492	+0.210%	—	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004499	+0.361%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004501	+0.410%	$701K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004495	+0.265%	$534K	$981K	10x	as long as short
Hyperliquid PUMP	+0.0605%	1h	0.004489	+0.143%	$167.9M	$56.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0866%	1h	0.004502	+0.422%	$594	$113K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004503	+0.455%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1332%	1h	0.004491	+0.184%	$1.4M	$3.0M	50x	as long as short