Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.031%

Price spread now: Backpack against HTX+0.084%7-day average +0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$197as in the Funding arb table

Net, price: spread back to 7d avg − costs−$165as in the Price arb table

costs, in and out, $10k−$1721.720% of the position

Long on HTX 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)−0.204%−$20 · spread now +0.084%, 7d avg +0.009%

Together, before fees−0.458%−$46 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 0.075% dearer against HTX than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX PUMP-USDT	0.004427	0.0100	pay 0.0050% / 4h	6m 33s	$21K	$107K	20x
Short	Backpack PUMP_USDC_PERP	0.004431	0.0100	get 0.0013% / 1h	6m 33s	$792K	$206K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against HTX. 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 HTXbpFee BackpackbpOrdersPrice spread, now +0.084%Rate

Funding earned: $0
Price spread: +0.084% → +0.009%: $7.49
Slippage, 4 orders: −$150.03
Fee HTX: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$164.54
Costs to cover: 1.720%
Break-even: never at this rate

Slippage from HTX: live order book, 50 min ago; Backpack: live order book, 52 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 HTX live order book, 50 min ago	18.20 bp	73.7 bp −$74	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 52 min ago	2.50 bp	7.7 bp −$8	13.3 bp −$133	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	−0.4505%	1h	0.004425	−0.042%	$20K	$9K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004422	−0.113%	$19K	$237K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004423	−0.095%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004426	−0.023%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.610%	$29K	$781K	20x	as long as short
Gate PUMP_USDT	+0.0098%	4h	0.004423	−0.090%	$4.9M	$11.5M	75x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004424	−0.056%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004426	−0.021%	$702K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004426	−0.023%	$496K	$823K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004423	−0.090%	$80.5M	$173.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004422	−0.113%	$24.1M	$97.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004428	+0.029%	$31K	$192K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004426	−0.023%	$62K	$100K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004425	−0.045%	$23.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004421	−0.136%	$17.4M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004427	0.000%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERPshort	+0.0100%	1h	0.004431	+0.084%	$792K	$206K	5x
edgeX PUMPUSDC	+0.0100%	4h	0.004431	+0.081%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004433	+0.145%	$1.2M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004431	+0.090%	$147K	$755K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004427	0.000%	$103K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004431	+0.090%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004430	+0.074%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004430	+0.068%	$2K	$770K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004432	+0.113%	$278	$7K	10x	as long as short
HTX PUMP-USDTlong	+0.0100%	4h	0.004427	long leg	$21K	$107K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004431	+0.090%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004425	−0.037%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004430	+0.068%	$66K	$13K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004430	+0.068%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0272%	1h	0.004423	−0.084%	$3.9M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0272%	1h	0.004427	0.000%	$6K	$625	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004430	+0.068%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004423	−0.095%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004436	+0.203%	$42K	$120K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0427%	1h	0.004433	+0.136%	$70K	$122K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004435	+0.181%	$702K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0472%	1h	0.004429	+0.045%	$166.0M	$54.9M	10x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004425	−0.034%	$526K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004436	+0.203%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0799%	1h	0.004434	+0.166%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0993%	1h	0.004428	+0.022%	$585	$112K	10x	as long as short