Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0324%/8h= −35.5% APRpaid last 24h −0.028%

Price spread now: Backpack against Paradex−0.067%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and Backpack is 0.067% cheaper against Paradex than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex PUMP-USD-PERP	0.004335	0.0100	pay 0.0100% / 8h	2h 17m	$42K	—	5x
Short	Backpack PUMP_USDC_PERP	0.004332	−0.0224	pay 0.0028% / 1h	17m 24s	$772K	$183K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Paradex. 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 ParadexbpFee BackpackbpOrdersPrice spread, now −0.067%Rate

Funding earned: −$68.09
Price spread: −0.067% → 0.000%: −$6.74
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$88.82
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Backpack: live order book, 6 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Backpack live order book, 6 min ago	0.81 bp	9.6 bp −$10	16.7 bp −$167	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.4892%	1h	0.004335	−0.005%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERPshort	−0.0224%	1h	0.004332	−0.067%	$772K	$183K	5x
Perpl PUMP	−0.0112%	43m	0.004333	−0.049%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0067%	4h	0.004332	−0.072%	$22.6M	$96.1M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0024%	4h	0.004334	−0.026%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004336	+0.020%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004334	−0.022%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0080%	4h	0.004333	−0.049%	$4.6M	$11.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004335	−0.003%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004336	+0.020%	$6K	$497	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.810%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERPlong	+0.0100%	8h	0.004335	long leg	$42K	—	5x
Hyperliquid PUMP	+0.0100%	1h	0.004339	+0.090%	$159.1M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004333	−0.053%	$785K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004336	+0.020%	$449K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004332	−0.061%	$77.0M	$164.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004331	−0.086%	$26K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004335	−0.003%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004336	+0.020%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004332	−0.072%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004333	−0.049%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004335	−0.014%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004335	−0.002%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004342	+0.159%	$137K	$769K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004333	−0.037%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004337	+0.043%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004335	+0.003%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004335	−0.003%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004333	−0.049%	$715	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004334	−0.026%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004333	−0.049%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004334	−0.026%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004332	−0.072%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004337	+0.043%	$492K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004348	+0.306%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004343	+0.182%	$659K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0225%	1h	0.004334	−0.026%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004334	−0.026%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0343%	1h	0.004337	+0.033%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004332	−0.065%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.257%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0684%	1h	0.004341	+0.127%	$1.3M	$3.5M	50x	as long as short