Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0240%/8h= +26.3% APRpaid last 24h +0.103%

Price spread now: BloFin against Backpack−0.167%66s7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs+$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.462% of the position

Long on Backpack Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.665%+$67 on $10k

Price spread, last 4 days (all we have)+0.205%+$20 · spread now −0.167%, 7d avg +0.048%

Together, before fees+0.870%+$87 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.215% cheaper against Backpack than usual: you would sell low and buy high (spread −0.167% now, against its 7-day average of +0.048%). If the spread goes back, that is −$21 on $10k: about 3.0 days of funding at the current rate (+$7 a day). The two prices were read 66 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack PUMP_USDC_PERP	0.004503	0.0100	pay 0.0013% / 1h	17m 19s	$811K	$201K	5x
Short	BloFin PUMP-USDT	0.004496	0.0340	get 0.0170% / 4h	2h 17m	$3.7M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.167%Rate

Funding earned: $50.4
Price spread: −0.167% → +0.048%: −$21.47
Slippage, 4 orders: −$24.17
Fee Backpack: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$17.24
Costs to cover: 0.462%
Break-even: 9.4 days

Slippage from Backpack: live order book, 32 min ago; BloFin: live order book, 6 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, 32 min ago	2.67 bp	15.2 bp −$15	22.9 bp −$229	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	2.26 bp	14.8 bp −$15	17.9 bp −$179	39.5 bp −$3,947	118.8 bp −$59.4K

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	−0.0009%	1h	0.004503	−0.007%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004498	−0.122%	$18K	$247K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004498	−0.124%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004501	−0.056%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.078%	$34K	$639K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004499	−0.094%	$718K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004500	−0.078%	$533K	$880K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004500	−0.078%	$82.6M	$167.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004499	−0.100%	$24.6M	$96.0M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004501	−0.049%	$26K	$168K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004505	+0.033%	$65K	$103K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004498	−0.122%	$5.0M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004504	+0.011%	$24.2M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004498	−0.122%	$17.8M	$18.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004500	−0.078%	—	$13.9M	—	as long as short
Backpack PUMP_USDC_PERPlong	+0.0100%	1h	0.004503	long leg	$811K	$201K	5x
edgeX PUMPUSDC	+0.0100%	4h	0.004479	−0.553%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004498	−0.122%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004506	+0.056%	$152K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004504	+0.011%	$113K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004500	−0.078%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004497	−0.134%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004500	−0.078%	$2K	$749K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004501	−0.056%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004490	−0.300%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004502	−0.033%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004502	−0.026%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004495	−0.189%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0107%	8h	0.004503	−0.019%	$43K	$276	5x	as long as short
Nado PUMP-PERP	+0.0113%	1h	0.004503	0.000%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004496	−0.167%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004506	+0.056%	$6K	$600	10x	as long as short
BloFin PUMP-USDTshort	+0.0340%	4h	0.004496	−0.167%	$3.7M	$4.5M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004500	−0.082%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004504	+0.011%	$46K	$119K	10x	as long as short
Hyperliquid PUMP	+0.0425%	1h	0.004506	+0.056%	$167.9M	$50.0M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004503	−0.011%	$725K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004514	+0.233%	$38K	$204K	12x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0639%	1h	0.004501	−0.056%	$70K	$115K	25x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004505	+0.033%	$535K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0813%	1h	0.004502	−0.028%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1103%	1h	0.004480	−0.515%	$720	$111K	10x	as long as short