Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.031%

Price spread now: KuCoin against Backpack−0.129%7-day average +0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$92as in the Price arb table

costs, in and out, $10k−$700.700% of the position

Long on Backpack Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 4 days (all we have)+0.241%+$24 · spread now −0.129%, 7d avg +0.087%

Together, before fees+0.494%+$49 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: KuCoin is 0.216% cheaper against Backpack than usual: you would sell low and buy high, −$22 on $10k if it goes back to its 7-day average of +0.087%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack PUMP_USDC_PERP	0.004490	0.0100	pay 0.0013% / 1h	9m 32s	$798K	$188K	5x
Short	KuCoin PUMPUSDTM	0.004484	0.0100	get 0.0050% / 4h	2h 09m	$23.8M	$14.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.129%Rate

Funding earned: $0
Price spread: −0.129% → +0.087%: −$21.58
Slippage, 4 orders: −$48.02
Fee Backpack: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$91.6
Costs to cover: 0.700%
Break-even: never at this rate

Slippage from Backpack: live order book, 59 min ago; KuCoin: 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 Backpack live order book, 59 min ago	1.79 bp	8.1 bp −$8	14.5 bp −$145	doesn't fit	doesn't fit
Sell KuCoin live order book, 4 min ago	2.23 bp	21.2 bp −$21	54.2 bp −$542	doesn't fit	doesn't fit

PUMP on 41 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	−0.4597%	1h	0.004484	−0.127%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004479	−0.241%	$18K	$213K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004492	+0.049%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004480	−0.211%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0084%	4h	0.004490	+0.004%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004487	−0.062%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.000%	$29K	$773K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004483	−0.140%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004484	−0.128%	$695K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004486	−0.085%	$523K	$717K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004481	−0.196%	$81.8M	$168.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004480	−0.218%	$24.4M	$98.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004489	−0.016%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004484	−0.129%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004482	−0.174%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTMshort	+0.0100%	4h	0.004484	−0.129%	$23.8M	$14.0M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004480	−0.218%	$17.7M	$19.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004480	−0.218%	—	$13.0M	—	as long as short
Backpack PUMP_USDC_PERPlong	+0.0100%	1h	0.004490	long leg	$798K	$188K	5x
edgeX PUMPUSDC	+0.0100%	4h	0.004501	+0.250%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004501	+0.251%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	+0.316%	$150K	$753K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004486	−0.085%	$99K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004490	+0.011%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004491	+0.027%	$2K	$745K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004491	+0.027%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004488	−0.040%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004494	+0.094%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004487	−0.066%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004487	−0.062%	$72K	$8K	3x	as long as short
Extended PUMP-USD	+0.0216%	1h	0.004482	−0.165%	$3.8M	$4.3M	50x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004502	+0.272%	$43K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0312%	1h	0.004487	−0.062%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004485	−0.107%	$530K	$1.1M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004482	−0.180%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0364% / S −0.0295%	1h	0.004480	−0.218%	$72K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004501	+0.249%	$716K	$5.9M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004513	+0.517%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0736%	1h	0.004489	−0.018%	$168.2M	$55.3M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0868%	1h	0.004493	+0.068%	$593	$112K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1238%	1h	0.004496	+0.145%	$1.3M	$3.1M	50x	as long as short