Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0127%/8h= +13.9% APRpaid last 24h +0.011%

Price spread now: Aster against Backpack+0.067%7-day average +0.020% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$400.396% of the position

Long on Backpack Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.220%+$22 on $10k

Price spread, last 4 days (all we have)−0.052%−$5 · spread now +0.067%, 7d avg +0.020%

Together, before fees+0.168%+ Points / potential airdropAster: Stage 5 · farm board+$17 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Aster is 0.047% dearer against Backpack than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack PUMP_USDC_PERP	0.004390	−0.0027	get 0.0003% / 1h	41m 00s	$782K	$177K	5x
Short	Aster PUMPUSDT	0.004392	0.0100	get 0.0050% / 4h	3h 41m	$720K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Backpack. 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 BackpackbpFee AsterbpOrdersPrice spread, now +0.067%Rate

Funding earned: $26.72
Price spread: +0.067% → +0.020%: $4.67
Slippage, 4 orders: −$21.64
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$8.25
Costs to cover: 0.396%
Break-even: 9.2 days

Slippage from Backpack: live order book, 33 min ago; Aster: live order book, 2 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, 33 min ago	1.37 bp	13.6 bp −$14	20.3 bp −$203	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	2.28 bp	8.9 bp −$9	18.0 bp −$180	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	−0.0027%	1h	0.004390	long leg	$782K	$177K	5x
dYdX PUMP-USD	−0.0018%	1h	0.004389	−0.007%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004393	+0.080%	$18K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004394	+0.103%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004392	+0.062%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0042%	4h	0.004391	+0.034%	$41K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0042%	4h	0.004387	−0.057%	$23.0M	$97.2M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004391	+0.034%	$2.9M	$5.3M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−2.039%	$33K	$775K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004394	+0.103%	$42K	—	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	0.004391	+0.046%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDTshort	+0.0100%	4h	0.004392	+0.067%	$720K	$2.3M	50x
Pacifica PUMP	+0.0100%	1h	0.004393	+0.080%	$459K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004389	−0.020%	$78.5M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004389	−0.023%	$26K	$166K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004396	+0.148%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004390	+0.011%	$4.7M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004394	+0.103%	$23.3M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004390	+0.011%	$17.6M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004388	−0.034%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004378	−0.257%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004380	−0.210%	$1.2M	$10.1M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004365	−0.558%	$138K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004396	+0.148%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004393	+0.079%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004393	+0.080%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004391	+0.034%	$277	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004388	−0.034%	$21K	$136K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004390	+0.011%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004391	+0.025%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004393	+0.080%	$70K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004394	+0.103%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004370	−0.456%	$40K	$99K	10x	as long as short
Hyperliquid PUMP	+0.0263%	1h	0.004394	+0.103%	$161.8M	$53.2M	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004397	+0.159%	$481K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004396	+0.148%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004391	+0.030%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0347% / S −0.0289%	1h	0.004392	+0.057%	$74K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004396	+0.148%	$690K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004400	+0.239%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0524%	1h	0.004377	−0.280%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0936%	1h	0.004397	+0.173%	$1.3M	$3.5M	50x	as long as short