Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.073%

Price spread now: Popdex against BloFin−0.856%7-day average −1.360% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs+$3as in the Price arb table

costs, in and out, $10k−$480.475% of the position

Long on BloFin Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.256%−$26 on $10k

Price spread, last 4 days (all we have)−1.144%−$114 · spread now −0.856%, 7d avg −1.360%

Together, before fees−1.400%−$140 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Popdex is 0.503% dearer against BloFin than usual: you sell high and buy low (spread −0.856% now, against its 7-day average of −1.360%): +$50 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 6.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PUMP-USDT	0.004438	0.0340	pay 0.0170% / 4h	1h 07m	$3.7M	$4.4M	75x
Short	Popdex PUMPUSDT	0.004400	0.0096	get 0.0012% / 1h	7m 51s	$31K	$789K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against BloFin. 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 BloFinbpFee PopdexbpOrdersPrice spread, now −0.856%Rate

Funding earned: −$51.24
Price spread: −0.856% → −1.360%: $50.33
Slippage, 4 orders: −$29.14
Fee BloFin: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$48.44
Costs to cover: 0.475%
Break-even: from the start

Slippage from BloFin: live order book, 6 min ago; Popdex: live order book, 56 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 BloFin live order book, 6 min ago	3.36 bp	9.4 bp −$9	15.2 bp −$152	41.9 bp −$4,186	145.6 bp −$72.8K
Sell Popdex live order book, 56 min ago	1.11 bp	13.5 bp −$14	doesn't fit	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
Perpl PUMP	−0.0112%	43m	0.004428	−0.225%	$18K	$231K	20x	as long as short
dYdX PUMP-USD	−0.0007%	1h	0.004431	−0.154%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004430	−0.180%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004428	−0.219%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004430	−0.180%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004400	−0.856%	$31K	$789K	20x
Aster PUMPUSDT	+0.0100%	4h	0.004427	−0.247%	$696K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004430	−0.180%	$482K	$786K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004421	−0.373%	$80.3M	$171.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004421	−0.383%	$24.1M	$97.5M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004432	−0.126%	$37K	$190K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004433	−0.113%	$60K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004427	−0.248%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004426	−0.270%	$23.6M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004422	−0.361%	$17.6M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004422	−0.361%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004428	−0.228%	$785K	$190K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004451	+0.289%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004451	+0.287%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004462	+0.541%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004432	−0.135%	$106K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004429	−0.203%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004429	−0.196%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004431	−0.158%	$1K	$756K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004429	−0.203%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004426	−0.270%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004431	−0.158%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004435	−0.057%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004426	−0.270%	$71K	$11K	3x	as long as short
Nado PUMP-PERP	+0.0111%	1h	0.004428	−0.214%	$1.7M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004428	−0.225%	$60K	—	100x	as long as short
Extended PUMP-USD	+0.0248%	1h	0.004422	−0.354%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0288%	1h	0.004434	−0.090%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004468	+0.676%	$43K	$103K	10x	as long as short
BloFin PUMP-USDTlong	+0.0340%	4h	0.004438	long leg	$3.7M	$4.4M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004428	−0.232%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004434	−0.090%	$694K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0467%	1h	0.004435	−0.068%	$165.8M	$55.8M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004434	−0.097%	$527K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	+0.383%	$39K	$204K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0880%	1h	0.004453	+0.349%	$588	$116K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1350%	1h	0.004432	−0.140%	$1.1M	$3.3M	50x	as long as short