Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0281%/8h= −30.7% APRpaid last 24h −0.104%

Price spread now: Backpack against BloFin+0.062%54s7-day average −0.049% · you sell dearer than you buy

Net, funding: paid 7d − costs−$110as 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−$440.442% of the position

Long on BloFin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.659%−$66 on $10k

Price spread, last 3 days (all we have)−0.102%−$10 · spread now +0.062%, 7d avg −0.049%

Together, before fees−0.760%−$76 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.111% dearer against BloFin than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.049%): +$11 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 32 hours. The two prices were read 54 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	BloFin PUMP-USDT	0.004337	0.0340	pay 0.0170% / 4h	1h 15m	$3.4M	$3.8M	75x
Short	Backpack PUMP_USDC_PERP	0.004340	0.0059	get 0.0007% / 1h	15m 15s	$774K	$180K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against BloFin. 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 BloFinbpFee BackpackbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$58.92
Price spread: +0.062% → −0.049%: $11.14
Slippage, 4 orders: −$22.19
Fee BloFin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$91.97
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from BloFin: live order book, 3 min ago; Backpack: 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 BloFin live order book, 3 min ago	5.76 bp	11.8 bp −$12	16.5 bp −$165	40.0 bp −$3,999	151.0 bp −$75.5K
Sell Backpack live order book, 4 min ago	1.50 bp	10.9 bp −$11	19.4 bp −$194	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	−0.4411%	1h	0.004343	+0.147%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0051%	4h	0.004344	+0.161%	$22.7M	$95.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0005%	4h	0.004340	+0.069%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004340	+0.069%	$20K	$202K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004343	+0.138%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004341	+0.095%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERPshort	+0.0059%	1h	0.004340	+0.062%	$774K	$180K	5x
Lighter PUMP	+0.0096%	1h	0.004345	+0.184%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004341	+0.092%	$6K	$497	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.853%	$29K	$764K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004340	+0.058%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004339	+0.058%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004346	+0.208%	$159.2M	$52.3M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004343	+0.133%	$786K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004341	+0.092%	$450K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004345	+0.184%	$77.4M	$163.3M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004341	+0.099%	$25K	$173K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004339	+0.046%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004339	+0.046%	$4.7M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004342	+0.115%	$23.0M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004340	+0.069%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004340	+0.069%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004343	+0.133%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004343	+0.138%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004346	+0.208%	$137K	$765K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004344	+0.161%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004342	+0.125%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004341	+0.092%	$2K	$713K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004344	+0.161%	$716	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004344	+0.161%	$21K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004343	+0.138%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004340	+0.060%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004343	+0.138%	$72K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004341	+0.088%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004346	+0.196%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004348	+0.254%	$671K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0313% / S −0.0231%	1h	0.004342	+0.115%	$67K	—	100x	as long as short
BloFin PUMP-USDTlong	+0.0340%	4h	0.004337	long leg	$3.4M	$3.8M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004340	+0.067%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0406%	1h	0.004342	+0.118%	$181	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004333	−0.092%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0804%	1h	0.004350	+0.294%	$1.3M	$3.5M	50x	as long as short