Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0313%/8h= −34.2% APRpaid last 24h −0.032%

Price spread now: Backpack against Paradex−0.008%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$9 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex PUMP-USD-PERP	0.004376	0.0100	pay 0.0100% / 8h	7h 57m	$42K	—	5x
Short	Backpack PUMP_USDC_PERP	0.004376	−0.0213	pay 0.0027% / 1h	57m 26s	$780K	$181K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Paradex. 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 ParadexbpFee BackpackbpOrdersPrice spread, now −0.008%Rate

Funding earned: −$65.65
Price spread: −0.008% → 0.000%: −$0.75
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$80.41
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Backpack: live order book, 16 min ago. Net counts fees only.

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 Paradex no order-book sample	—	—	—	—	—
Sell Backpack live order book, 16 min ago	1.37 bp	8.1 bp −$8	14.1 bp −$141	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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_PERPshort	−0.0213%	1h	0.004376	−0.008%	$780K	$181K	5x
dYdX PUMP-USD	0.0000%	1h	0.004374	−0.041%	$20K	$9K	5x	as long as short
Popdex PUMPUSDT	0.0000%	1h	0.004300	−1.737%	$31K	$772K	20x	as long as short
Perpl PUMP	0.0000%	43m	0.004375	−0.024%	$18K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004376	−0.001%	$69K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004376	−0.006%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0032%	4h	0.004374	−0.046%	$41K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0033%	4h	0.004372	−0.092%	$22.9M	$96.9M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004374	−0.046%	$2.9M	$5.3M	10x	as long as short
Paradex PUMP-USD-PERPlong	+0.0100%	8h	0.004376	long leg	$42K	—	5x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004371	−0.104%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004374	−0.046%	$724K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004375	−0.024%	$458K	$604K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004375	−0.024%	$78.2M	$164.4M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004372	−0.092%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004377	+0.022%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004374	−0.046%	$4.7M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004376	−0.001%	$23.2M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004374	−0.046%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004374	−0.046%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004372	−0.089%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004376	−0.001%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004380	+0.091%	$138K	$761K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004378	+0.045%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004375	−0.024%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004369	−0.161%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004375	−0.024%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004362	−0.321%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004374	−0.046%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004376	−0.008%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004376	−0.001%	$72K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0128%	1h	0.004381	+0.114%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004380	+0.086%	$39K	$99K	10x	as long as short
Hyperliquid PUMP	+0.0202%	1h	0.004378	+0.045%	$160.9M	$53.3M	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004378	+0.056%	$489K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004371	−0.115%	$3.5M	$4.1M	75x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0341% / S −0.0283%	1h	0.004374	−0.046%	$74K	—	100x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004371	−0.117%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004377	+0.022%	$692K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004378	+0.045%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0500%	1h	0.004376	+0.004%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0939%	1h	0.004380	+0.095%	$1.3M	$3.5M	50x	as long as short