Funding you earn now, next payment 04:00 UTC+0.0347%/8h= +38.0% APRnext payment +$0.43 per $10,000 · paid last 24h +0.031%
Price spread now: ApeX Omni against Backpack−0.094%7-day average +0.109% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$76as in the Price arb table
costs, in and out, $10k−$560.556% of the position
Funding, last 7 days+0.241%+$24 on $10k
+Price spread, last 4 days (all we have)+0.800%+$80 · spread now −0.094%, 7d avg +0.109%
=Funding pays, the price is against you. ApeX Omni is 0.203% cheaper against Backpack than usual: you would sell low and buy high (spread −0.094% now, against its 7-day average of +0.109%). If the spread goes back, that is −$20 on $10k: about 47 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.241% in total) that is about 5.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.241% in total (about 12.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.43 per $10,000. 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 | Backpack PUMP_USDC_PERP | 0.004357 | −0.0247 | get 0.0031% / 1h | 45m 14s | $772K | $201K | 5x |
| Short | ApeX Omni PUMPUSDT | 0.004353 | 0.0100 | get 0.0013% / 1h | 45m 14s | $144K | $752K | 50x |
Backpack PUMP_USDC_PERP
ApeX Omni PUMPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Backpack. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $72.93
- Price spread: −0.094% → +0.109%
- −$20.3
- Slippage, 4 orders
- −$35.6
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$2.97
- Costs to cover
- 0.556%
- Break-even
- 7.3 days
Slippage from Backpack: live order book, 14 min ago; ApeX Omni: live order book, 14 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 Backpack live order book, 14 min ago | 2.50 bp | 13.3 bp −$13 | 23.4 bp −$234 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 14 min ago | 9.10 bp | 17.1 bp −$17 | 121.1 bp −$1,211 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PUMP_USDC_PERPlong | −0.0247% | 1h | 0.004357 | long leg | $772K | $201K | 5x | |
| dYdX PUMP-USD | 0.0000% | 1h | 0.004360 | +0.070% | $20K | $9K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004359 | +0.044% | $17K | $236K | 20x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | 0.0000% | 1h | 0.004360 | +0.067% | $69K | $124K | 25x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004360 | +0.077% | $52K | — | 150x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004365 | +0.181% | $2.8M | $5.4M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004300 | −1.311% | $26K | $821K | 20x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004357 | +0.009% | $1.6M | $2.1M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004360 | +0.072% | $681K | $2.4M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004361 | +0.090% | $486K | $820K | 10x | as long as short |
dYdX PUMP-USD
Perpl PUMP
Deribit PUMP_USDC-PERPETUAL
gTrade (Gains Network) PUMP/USD
Lighter PUMP
Popdex PUMPUSDT
Nado PUMP-PERP
Aster PUMPUSDT
Pacifica PUMPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance PUMPUSDT | +0.0100% | 4h | 0.004364 | +0.168% | $79.4M | $174.0M | 75x | as long as short |
| OKX PUMP-USDT-SWAP | +0.0100% | 4h | 0.004368 | +0.250% | $23.7M | $97.1M | 50x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004359 | +0.053% | $36K | $185K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004362 | +0.112% | $61K | $102K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004358 | +0.021% | $4.8M | $11.3M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004363 | +0.135% | $23.3M | $14.0M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004363 | +0.135% | $17.4M | $20.3M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004361 | +0.090% | — | $13.0M | — | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004352 | −0.113% | $65K | $3.2M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004344 | −0.301% | $1.2M | $10.6M | 10x | as long as short |
| ApeX Omni PUMPUSDTshort | +0.0100% | 1h | 0.004353 | −0.094% | $144K | $752K | 50x | |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004364 | +0.158% | $98K | $2.1M | 10x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0100% | 4h | 0.004360 | +0.067% | $41K | $11K | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004361 | +0.085% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004364 | +0.158% | $2K | $769K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004364 | +0.158% | $274 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004356 | −0.025% | $21K | $113K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004364 | +0.158% | $2.0M | $4.0M | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0100% | 8h | 0.004360 | +0.058% | $41K | $276 | 5x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004359 | +0.044% | $69K | $11K | 3x | as long as short |
| Extended PUMP-USD | +0.0168% | 1h | 0.004362 | +0.120% | $3.8M | $4.3M | 50x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0191% / S −0.0050% | 1h | 0.004359 | +0.044% | $59K | — | 100x | as long as short |
| 01 Exchange PUMPUSD | +0.0224% | 1h | 0.004363 | +0.135% | $6K | $727 | 10x | as long as short |
| Hyperliquid PUMP | +0.0284% | 1h | 0.004367 | +0.227% | $163.1M | $56.3M | 10x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004363 | +0.135% | $3.6M | $4.4M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004360 | +0.061% | $2 | — | 3x | as long as short |
| Phoenix PUMP | +0.0345% | 1h | 0.004363 | +0.140% | $41K | $120K | 10x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0440% | 1h | 0.004368 | +0.250% | $691K | $5.8M | 50x | as long as short |
| RISEx PUMP/USDC | +0.0570% | 1h | 0.004362 | +0.116% | $518K | $1.0M | 10x | as long as short |
| Injective PUMP/USDC PERP | +0.0706% | 1h | 0.004353 | −0.094% | $38K | $204K | 12x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.0811% | 1h | 0.004367 | +0.219% | $1.0M | $3.4M | 50x | as long as short |
| Aftermath Perps PUMPUSD | +0.0871% | 1h | 0.004364 | +0.166% | $576 | $115K | 10x | as long as short |
Binance PUMPUSDT
OKX PUMP-USDT-SWAP
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
Gate PUMP_USDT
KuCoin PUMPUSDTM
Bitget PUMPUSDT
BingX PUMP-USDT
edgeX PUMPUSDC
GRVT PUMP_USDT_Perp
Polymarket Perps PUMP-USD
Orderly PERP_PUMP_USDC
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Paradex PUMP-USD-PERP
Aevo PUMP-PERP
Extended PUMP-USD
GMX PUMP/USD [WBTC.b-USDC]
01 Exchange PUMPUSD
Hyperliquid PUMP
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Phoenix PUMP
Coinbase International PUMP-PERP-INTX
RISEx PUMP/USDC
Injective PUMP/USDC PERP
Kraken Futures PF_PUMPUSD
Aftermath Perps PUMPUSD