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: BingX against Backpack−0.091%7-day average +0.016% · you buy dearer than you sell

Net, funding: paid 7d − costs−$14as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$390.391% of the position

Long on Backpack Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.091%, 7d avg +0.016%

Together, before fees+0.412%+$41 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: BingX is 0.107% cheaper against Backpack than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.016%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack PUMP_USDC_PERP	0.004381	0.0100	pay 0.0013% / 1h	2m 18s	$780K	$182K	5x
Short	BingX PUMP-USDT	0.004377	0.0100	get 0.0050% / 4h	2m 18s	—	$12.9M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.091%Rate

Funding earned: $0
Price spread: −0.091% → +0.016%: −$10.71
Slippage, 4 orders: −$19.05
Fee Backpack: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$49.76
Costs to cover: 0.391%
Break-even: never at this rate

Slippage from Backpack: live order book, 12 min ago; BingX: live order book, 11 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, 12 min ago	1.37 bp	13.6 bp −$14	20.3 bp −$203	doesn't fit	doesn't fit
Sell BingX live order book, 11 min ago	2.29 bp	8.2 bp −$8	12.7 bp −$127	36.1 bp −$3,609	135.0 bp −$67.5K

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	−0.0045%	1h	0.004379	−0.036%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004375	−0.137%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004378	−0.068%	$69K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004378	−0.057%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0030%	4h	0.004376	−0.114%	$22.9M	$97.2M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0031%	4h	0.004377	−0.091%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004378	−0.068%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.849%	$31K	$774K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004378	−0.061%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004377	−0.103%	$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	0.004378	−0.068%	$729K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004381	0.000%	$459K	$604K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004376	−0.108%	$78.2M	$164.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004380	−0.025%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004377	−0.091%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004377	−0.091%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004380	−0.023%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004378	−0.068%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDTshort	+0.0100%	4h	0.004377	−0.091%	—	$12.9M	—
Backpack PUMP_USDC_PERPlong	+0.0100%	1h	0.004381	long leg	$780K	$182K	5x
edgeX PUMPUSDC	+0.0100%	4h	0.004375	−0.136%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004377	−0.084%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004377	−0.091%	$138K	$761K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004382	+0.023%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004378	−0.063%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004378	−0.068%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004377	−0.091%	$284	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004373	−0.183%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004377	−0.091%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004376	−0.122%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004375	−0.137%	$72K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0149%	1h	0.004383	+0.046%	$161.1M	$53.3M	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004381	−0.002%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004382	+0.023%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004379	−0.053%	$489K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004379	−0.046%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004385	+0.091%	$695K	$5.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0340% / S −0.0281%	1h	0.004377	−0.091%	$74K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004378	−0.068%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004377	−0.094%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0485%	1h	0.004379	−0.040%	$383	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0862%	1h	0.004382	+0.012%	$1.3M	$3.5M	50x	as long as short