Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.103%

Price spread now: BloFin against Backpack+0.210%66s7-day average +0.045% · you sell dearer than you buy

Net, funding: paid 7d − costs+$16as 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−$510.508% of the position

Long on Backpack Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.664%+$66 on $10k

Price spread, last 4 days (all we have)−0.244%−$24 · spread now +0.210%, 7d avg +0.045%

Together, before fees+0.421%+$42 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and BloFin is 0.165% dearer against Backpack than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of +0.045%. The two prices were read 66 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 58s	$795K	$187K	5x
Short	BloFin PUMP-USDT	0.004492	0.0340	get 0.0170% / 4h	1h 45m	—	$4.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.210%Rate

Funding earned: $50.4
Price spread: +0.210% → +0.045%: $16.47
Slippage, 4 orders: −$28.78
Fee Backpack: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: $16.09
Costs to cover: 0.508%
Break-even: 4.8 days

Slippage from Backpack: live order book, 18 min ago; BloFin: live order book, 62 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 BloFin live order book, 62 min ago	3.40 bp	12.8 bp −$13	18.8 bp −$188	48.6 bp −$4,859	131.9 bp −$66.0K

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	0.004487	+0.096%	$707K	$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	0.004485	+0.044%	$82.2M	$169.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004482	−0.013%	$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	0.004483	+0.009%	$5.0M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004489	+0.143%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004484	+0.031%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004483	+0.009%	—	$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 PUMPUSDT	+0.0100%	1h	0.004513	+0.678%	$150K	$751K	50x	as long as short
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	0.004486	+0.086%	$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-USDTshort	+0.0340%	4h	0.004492	+0.210%	—	$4.6M	75x
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