PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0555%/8h= −60.8% APRnext payment −$0.69 per $10,000 · paid last 24h −0.099%

Price spread now: Backpack against RISEx−0.038%7-day average −0.071% · 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−$31as in the Price arb table

costs, in and out, $10k−$340.339% of the position

Long on RISEx Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.400%−$40 on $10k

Price spread, last 4 days (all we have)−0.077%−$8 · spread now −0.038%, 7d avg −0.071%

Together, before fees−0.477%−$48 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.033% dearer against RISEx than usual: you sell high and buy low (spread −0.038% now, against its 7-day average of −0.071%): +$3 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	RISEx PUMP/USDC	0.004428	0.0570	pay 0.0071% / 1h	31m 19s	$526K	$1.0M	10x
Short	Backpack PUMP_USDC_PERP	0.004426	0.0015	get 0.0002% / 1h	31m 19s	$784K	$200K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against RISEx. 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 RISExbpFee BackpackbpOrdersPrice spread, now −0.038%Rate

Funding earned: −$116.53
Price spread: −0.038% → −0.071%: $3.31
Slippage, 4 orders: −$17.86
Fee RISEx: 3 bp × 2 orders: −$6
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$147.09
Costs to cover: 0.339%
Break-even: never at this rate

Slippage from RISEx: live order book, 2 min ago; Backpack: live order book, 28 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 RISEx live order book, 2 min ago	3.41 bp	6.4 bp −$6	12.4 bp −$124	doesn't fit	doesn't fit
Sell Backpack live order book, 28 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	−0.0058%	1h	0.004420	−0.166%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004424	−0.079%	$19K	$235K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004422	−0.124%	$70K	$122K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004424	−0.082%	$53K	—	150x	as long as short
Backpack PUMP_USDC_PERPshort	+0.0015%	1h	0.004426	−0.038%	$784K	$200K	5x
Lighter PUMP	+0.0096%	1h	0.004424	−0.079%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.621%	$29K	$816K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004427	0.000%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004427	−0.017%	$703K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004423	−0.102%	$493K	$821K	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	0.004426	−0.042%	$80.5M	$173.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004428	+0.011%	$24.0M	$98.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004370	−1.308%	$36K	$181K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004426	−0.034%	$62K	$102K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004426	−0.034%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004426	−0.034%	$23.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004422	−0.124%	$17.7M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004424	−0.079%	—	$13.0M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004372	−1.260%	$64K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004372	−1.251%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004387	−0.915%	$145K	$756K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004432	+0.102%	$102K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004420	−0.169%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004421	−0.150%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004423	−0.102%	$2K	$769K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004425	−0.056%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004414	−0.305%	$21K	$111K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004424	−0.079%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004423	−0.099%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004418	−0.215%	$70K	$8K	3x	as long as short
Extended PUMP-USD	+0.0184%	1h	0.004421	−0.139%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0248%	1h	0.004431	+0.079%	$6K	$625	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004423	−0.102%	$53K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004420	−0.169%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004426	−0.039%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004374	−1.215%	$42K	$120K	10x	as long as short
Hyperliquid PUMP	+0.0416%	1h	0.004434	+0.147%	$166.4M	$56.7M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004426	−0.034%	$702K	$5.9M	50x	as long as short
RISEx PUMP/USDClong	+0.0570%	1h	0.004428	long leg	$526K	$1.0M	10x
Injective PUMP/USDC PERP	+0.0706%	1h	0.004425	−0.056%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0800%	1h	0.004428	+0.012%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0893%	1h	0.004390	−0.851%	$580	$114K	10x	as long as short