Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0633%/8h= −69.4% APRpaid last 24h −0.028%

Price spread now: Backpack against KuCoin−0.072%7-day average −0.087% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$650.653% of the position

Long on KuCoin Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.252%−$25 on $10k

Price spread, last 4 days (all we have)−0.045%−$4 · spread now −0.072%, 7d avg −0.087%

Together, before fees−0.297%−$30 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.087%, so right now this pair is about funding alone: −$19 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.252% in total (about -13.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PUMPUSDTM	0.004316	0.0100	pay 0.0050% / 4h	2h 40m	$22.8M	$13.9M	50x
Short	Backpack PUMP_USDC_PERP	0.004313	−0.0533	pay 0.0067% / 1h	40m 14s	$772K	$182K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against KuCoin. 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 KuCoinbpFee BackpackbpOrdersPrice spread, now −0.072%Rate

Funding earned: −$133.01
Price spread: −0.072% → −0.087%: $1.57
Slippage, 4 orders: −$43.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$196.73
Costs to cover: 0.653%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Backpack: live order book, 48 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 KuCoin live order book, 4 min ago	2.33 bp	22.9 bp −$23	58.2 bp −$582	doesn't fit	doesn't fit
Sell Backpack live order book, 48 min ago	0.81 bp	10.4 bp −$10	16.0 bp −$160	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	−0.2234%	1h	0.004313	−0.071%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERPshort	−0.0533%	1h	0.004313	−0.072%	$772K	$182K	5x
Perpl PUMP	−0.0112%	43m	0.004310	−0.139%	$20K	$204K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0066%	4h	0.004311	−0.116%	$22.6M	$94.4M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0015%	4h	0.004313	−0.070%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004317	+0.023%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004314	−0.044%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004313	−0.070%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.371%	$29K	$774K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004311	−0.105%	$41K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004308	−0.174%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004317	+0.023%	$157.8M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004310	−0.131%	$783K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004313	−0.070%	$448K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004314	−0.046%	$76.5M	$164.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004293	−0.524%	$25K	$182K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004311	−0.116%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004313	−0.070%	$4.6M	$11.7M	75x	as long as short
KuCoin PUMPUSDTMlong	+0.0100%	4h	0.004316	long leg	$22.8M	$13.9M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004312	−0.093%	$17.0M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004312	−0.093%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004297	−0.437%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004297	−0.439%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004298	−0.417%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004316	0.000%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004315	−0.028%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004316	0.000%	$1K	$708K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004313	−0.070%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004302	−0.324%	$21K	$148K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004315	−0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004313	−0.067%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004313	−0.070%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004313	−0.070%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004300	−0.359%	$38K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0136%	1h	0.004312	−0.093%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004315	−0.023%	$655K	$5.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0303%	1h	0.004303	−0.294%	$179	$107K	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0221%	1h	0.004314	−0.046%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004306	−0.232%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004312	−0.083%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.185%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0688%	1h	0.004319	+0.060%	$1.3M	$3.5M	50x	as long as short