Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0752%/8h= −82.3% APRpaid last 24h −0.064%

Price spread now: BloFin against Aftermath Perps+0.801%7-day average −0.051% · you sell dearer than you buy

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

Net, price: spread back to 7d avg − costs+$10as in the Price arb table

costs, in and out, $10k−$750.754% of the position

Long on Aftermath Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.148%−$15 on $10k

Price spread, last 4 days (all we have)−0.842%−$84 · spread now +0.801%, 7d avg −0.051%

Together, before fees−0.989%−$99 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.852% dearer against Aftermath Perps than usual: you sell high and buy low (spread +0.801% now, against its 7-day average of −0.051%): +$85 on $10k if it goes back. Holding the pair costs −$23 a day in funding at the current rate, which eats that in about 3.8 days. At the pace of the last 3 days (−0.148% in total) that is about 20 days.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.148% in total (about -15.7% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aftermath Perps PUMPUSD	0.004488	0.1092	pay 0.0136% / 1h	14m 44s	$722	$111K	10x
Short	BloFin PUMP-USDT	0.004524	0.0340	get 0.0170% / 4h	2h 14m	$3.7M	$4.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Aftermath Perps. 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 Aftermath PerpsbpFee BloFinbpOrdersPrice spread, now +0.801%Rate

Funding earned: −$157.89
Price spread: +0.801% → −0.051%: $85.18
Slippage, 4 orders: −$54.42
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$148.13
Costs to cover: 0.754%
Break-even: from the start

Slippage from Aftermath Perps: live order book, 34 min ago; BloFin: live order book, 4 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 Aftermath Perps live order book, 34 min ago	5.12 bp	31.4 bp −$31	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 4 min ago	4.44 bp	12.3 bp −$12	18.9 bp −$189	44.3 bp −$4,433	131.7 bp −$65.8K

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	0.004523	+0.779%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004502	+0.311%	$18K	$250K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004505	+0.376%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004522	+0.756%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.962%	$33K	$640K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004518	+0.677%	$721K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004520	+0.712%	$535K	$880K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004520	+0.712%	$82.9M	$167.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004519	+0.690%	$24.7M	$96.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004502	+0.302%	$27K	$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	0.004523	+0.779%	$65K	$103K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004522	+0.756%	$5.0M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004525	+0.823%	$24.3M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004520	+0.712%	$17.9M	$18.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004520	+0.712%	—	$14.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004521	+0.727%	$813K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004501	+0.286%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004498	+0.222%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	+0.355%	$152K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004497	+0.199%	$112K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004509	+0.467%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004507	+0.413%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004501	+0.288%	$2K	$749K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004507	+0.422%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004510	+0.489%	$21K	$94K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004510	+0.489%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004524	+0.790%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004504	+0.355%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0107%	8h	0.004522	+0.747%	$43K	$276	5x	as long as short
Nado PUMP-PERP	+0.0118%	1h	0.004504	+0.355%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004505	+0.378%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0328%	1h	0.004495	+0.155%	$6K	$600	10x	as long as short
BloFin PUMP-USDTshort	+0.0340%	4h	0.004524	+0.801%	$3.7M	$4.5M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004503	+0.328%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004504	+0.355%	$46K	$119K	10x	as long as short
Hyperliquid PUMP	+0.0434%	1h	0.004527	+0.868%	$168.6M	$50.2M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004510	+0.489%	$723K	$5.6M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004504	+0.355%	$38K	$204K	12x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0638%	1h	0.004509	+0.467%	$70K	$115K	25x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004495	+0.144%	$534K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0812%	1h	0.004509	+0.460%	$1.1M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSDlong	+0.1092%	1h	0.004488	long leg	$722	$111K	10x