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: Backpack against BingX+0.075%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$390.388% of the position

Long on BingX Short on Backpack

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)−0.148%−$15 · spread now +0.075%, 7d avg −0.017%

Together, before fees−0.401%−$40 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: Backpack is 0.092% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PUMP-USDT	0.004405	0.0100	pay 0.0050% / 4h	2h 52m	—	$12.8M	—
Short	Backpack PUMP_USDC_PERP	0.004408	0.0100	get 0.0013% / 1h	52m 23s	$785K	$179K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against BingX. 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 BingXbpFee BackpackbpOrdersPrice spread, now +0.075%Rate

Funding earned: $0
Price spread: +0.075% → −0.017%: $9.19
Slippage, 4 orders: −$18.83
Fee BingX: 5 bp × 2 orders: −$10
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$29.63
Costs to cover: 0.388%
Break-even: never at this rate

Slippage from BingX: live order book, 16 min ago; Backpack: live order book, 17 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 BingX live order book, 16 min ago	1.12 bp	11.2 bp −$11	15.9 bp −$159	47.5 bp −$4,745	164.6 bp −$82.3K
Sell Backpack live order book, 17 min ago	1.79 bp	13.3 bp −$13	23.6 bp −$236	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
ApeX Omni PUMPUSDT	−0.0223%	1h	0.004404	−0.023%	$139K	$759K	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004406	+0.029%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004411	+0.136%	$20K	$200K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004404	−0.023%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004403	−0.046%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0059%	4h	0.004403	−0.045%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004410	+0.114%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.114%	$27K	$770K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004411	+0.131%	$700K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004412	+0.159%	$476K	$654K	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	0.004405	+0.007%	$79.1M	$164.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004403	−0.045%	$23.5M	$96.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004393	−0.281%	$26K	$166K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004409	+0.091%	$40K	$60K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004410	+0.114%	$4.8M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004406	+0.023%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004403	−0.045%	$17.6M	$19.2M	75x	as long as short
BingX PUMP-USDTlong	+0.0100%	4h	0.004405	long leg	—	$12.8M	—
Backpack PUMP_USDC_PERPshort	+0.0100%	1h	0.004408	+0.075%	$785K	$179K	5x
edgeX PUMPUSDC	+0.0100%	4h	0.004405	+0.005%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004394	−0.261%	$1.2M	$10.4M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004414	+0.204%	$102K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004403	−0.047%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004403	−0.045%	$2K	$732K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004404	−0.023%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004394	−0.250%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004408	+0.068%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004412	+0.169%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004402	−0.059%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004399	−0.136%	$70K	$9K	3x	as long as short
Nado PUMP-PERP	+0.0118%	1h	0.004410	+0.125%	$1.6M	$2.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0200%	1h	0.004412	+0.159%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004402	−0.077%	$39K	$103K	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004413	+0.185%	$481K	$995K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004409	+0.091%	$3.6M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004406	+0.019%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0358% / S −0.0298%	1h	0.004401	−0.091%	$73K	—	100x	as long as short
Hyperliquid PUMP	+0.0380%	1h	0.004413	+0.182%	$162.5M	$53.9M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004407	+0.045%	$702K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004408	+0.068%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0707%	1h	0.004412	+0.164%	$386	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1262%	1h	0.004409	+0.093%	$1.3M	$3.1M	50x	as long as short