Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%

Price spread now: Binance against Backpack−0.008%7-day average +0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$370.373% of the position

Long on Backpack Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.202%+$20 on $10k

Price spread, last 4 days (all we have)−0.123%−$12 · spread now −0.008%, 7d avg +0.027%

Together, before fees+0.079%+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.035% cheaper against Backpack than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack PUMP_USDC_PERP	0.004400	0.0100	pay 0.0013% / 1h	56m 29s	$784K	$183K	5x
Short	Binance PUMPUSDT	0.004400	0.0100	get 0.0050% / 4h	56m 29s	$78.4M	$164.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → +0.027%: −$3.46
Slippage, 4 orders: −$17.31
Fee Backpack: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$40.76
Costs to cover: 0.373%
Break-even: never at this rate

Slippage from Backpack: live order book, 22 min ago; Binance: 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, 22 min ago	1.50 bp	9.2 bp −$9	15.7 bp −$157	doesn't fit	doesn't fit
Sell Binance live order book, 2 min ago	1.14 bp	8.4 bp −$8	16.4 bp −$164	55.5 bp −$5,546	253.5 bp −$126.7K

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
OKX PUMP-USDT-SWAP	−0.0022%	4h	0.004399	−0.027%	$23.0M	$97.2M	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004400	−0.005%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004408	+0.177%	$18K	$204K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004407	+0.155%	$70K	$126K	25x	as long as short
Orderly PERP_PUMP_USDC	+0.0002%	4h	0.004407	+0.155%	$41K	$10K	10x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004408	+0.183%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004400	−0.005%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.005%	$29K	$765K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004400	−0.006%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004399	−0.016%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004401	+0.017%	$783K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004401	+0.018%	$458K	$605K	10x	as long as short
Binance PUMPUSDTshort	+0.0100%	4h	0.004400	−0.008%	$78.4M	$164.5M	75x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004399	−0.036%	$26K	$176K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004402	+0.041%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004398	−0.050%	$4.7M	$11.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004403	+0.064%	$23.3M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004400	−0.005%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004399	−0.027%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERPlong	+0.0100%	1h	0.004400	long leg	$784K	$183K	5x
edgeX PUMPUSDC	+0.0100%	4h	0.004390	−0.239%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004389	−0.255%	$1.2M	$9.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004393	−0.164%	$139K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004419	+0.427%	$88K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004407	+0.149%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004407	+0.155%	$2K	$716K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004404	+0.086%	$289	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004404	+0.086%	$22K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004404	+0.086%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004399	−0.035%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004406	+0.132%	$73K	$18K	3x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004398	−0.050%	$39K	$207K	12x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004394	−0.130%	$39K	$100K	10x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004402	+0.046%	$490K	$1.0M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004411	+0.245%	$692K	$5.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0319% / S −0.0239%	1h	0.004407	+0.155%	$69K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0336%	1h	0.004404	+0.086%	$6K	$497	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004405	+0.109%	$3.5M	$3.9M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004409	+0.197%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0420%	1h	0.004383	−0.396%	$182	$106K	10x	as long as short
Hyperliquid PUMP	+0.0668%	1h	0.004407	+0.155%	$162.2M	$52.8M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0857%	1h	0.004409	+0.205%	$1.3M	$3.5M	50x	as long as short