Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.073%

Price spread now: Popdex against BloFin−0.520%7-day average −1.379% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$37as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on BloFin Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.270%−$27 on $10k

Price spread, last 4 days (all we have)−1.484%−$148 · spread now −0.520%, 7d avg −1.379%

Together, before fees−1.754%−$175 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Popdex is 0.859% dearer against BloFin than usual: you sell high and buy low (spread −0.520% now, against its 7-day average of −1.379%): +$86 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PUMP-USDT	0.004423	0.0340	pay 0.0170% / 4h	2h 38m	$3.7M	$4.4M	75x
Short	Popdex PUMPUSDT	0.004400	0.0096	get 0.0012% / 1h	38m 29s	$28K	$622K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −0.520%Rate

Funding earned: −$51.24
Price spread: −0.520% → −1.379%: $85.92
Slippage, 4 orders: −$30.9
Fee BloFin: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$14.61
Costs to cover: 0.493%
Break-even: from the start

Slippage from BloFin: live order book, 5 min ago; Popdex: live order book, 11 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, 5 min ago	2.24 bp	15.1 bp −$15	22.6 bp −$226	59.9 bp −$5,994	153.8 bp −$76.9K
Sell Popdex live order book, 11 min ago	1.11 bp	12.6 bp −$13	doesn't fit	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	−0.0019%	1h	0.004428	+0.121%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004434	+0.249%	$18K	$238K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004428	+0.113%	$69K	$115K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004434	+0.248%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0052%	4h	0.004429	+0.136%	$4.9M	$10.4M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004432	+0.203%	$2.8M	$4.6M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004400	−0.520%	$28K	$622K	20x
Nado PUMP-PERP	+0.0100%	1h	0.004436	+0.305%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004434	+0.248%	$706K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004433	+0.226%	$534K	$767K	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	0.004435	+0.271%	$80.9M	$165.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004438	+0.339%	$24.3M	$93.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004428	+0.102%	$32K	$160K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004434	+0.249%	$64K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004437	+0.317%	$23.8M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004438	+0.339%	$17.6M	$18.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004435	+0.271%	—	$13.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004426	+0.070%	$797K	$203K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004475	+1.181%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004446	+0.520%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004455	+0.723%	$150K	$745K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004440	+0.384%	$103K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004426	+0.068%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004425	+0.048%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004427	+0.090%	$2K	$738K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004426	+0.068%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004419	−0.090%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004423	0.000%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0104%	8h	0.004435	+0.262%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004431	+0.178%	$3.7M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004425	+0.045%	$66K	$10K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0200%	1h	0.004433	+0.226%	$53K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0312%	1h	0.004440	+0.384%	$6K	$600	10x	as long as short
BloFin PUMP-USDTlong	+0.0340%	4h	0.004423	long leg	$3.7M	$4.4M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004439	+0.358%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004478	+1.243%	$44K	$119K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004430	+0.158%	$702K	$5.4M	50x	as long as short
Hyperliquid PUMP	+0.0503%	1h	0.004442	+0.430%	$166.0M	$48.8M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004430	+0.158%	$38K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004435	+0.280%	$527K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0827%	1h	0.004428	+0.114%	$1.0M	$3.2M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1090%	1h	0.004458	+0.795%	$516	$103K	10x	as long as short