Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0003%/8h= +0.3% APRpaid last 24h +0.011%

Price spread now: Aster against Backpack−0.052%55s7-day average +0.018% · 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−$420.421% of the position

Long on Backpack Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+0.220%+$22 on $10k

Price spread, last 4 days (all we have)−0.058%−$6 · spread now −0.052%, 7d avg +0.018%

Together, before fees+0.162%+ Points / potential airdropAster: Stage 5 · farm board+$16 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: Aster is 0.070% cheaper against Backpack than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.018%. The two prices were read 55 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	0.004317	0.0097	pay 0.0012% / 1h	51m 11s	$769K	$181K	5x
Short	Aster PUMPUSDT	0.004315	0.0100	get 0.0050% / 4h	1h 51m	$778K	$2.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.052%Rate

Funding earned: $0.6
Price spread: −0.052% → +0.018%: −$7.04
Slippage, 4 orders: −$24.05
Fee Backpack: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$48.49
Costs to cover: 0.421%
Break-even: 570.2 days

Slippage from Backpack: live order book, 33 min ago; Aster: live order book, 2 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, 33 min ago	0.81 bp	12.2 bp −$12	21.2 bp −$212	doesn't fit	doesn't fit
Sell Aster live order book, 2 min ago	3.48 bp	12.1 bp −$12	22.4 bp −$224	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
dYdX PUMP-USD	−0.5895%	1h	0.004322	+0.109%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0054%	4h	0.004311	−0.137%	$22.5M	$95.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0021%	4h	0.004316	−0.021%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004315	−0.044%	$20K	$205K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004317	+0.002%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004318	+0.018%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0088%	4h	0.004315	−0.044%	$4.6M	$11.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004313	−0.090%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.391%	$29K	$767K	20x	as long as short
Backpack PUMP_USDC_PERPlong	+0.0097%	1h	0.004317	long leg	$769K	$181K	5x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004318	+0.028%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004318	+0.037%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004322	+0.118%	$158.3M	$52.6M	10x	as long as short
Aster PUMPUSDTshort	+0.0100%	4h	0.004315	−0.052%	$778K	$2.0M	50x
Pacifica PUMP	+0.0100%	1h	0.004316	−0.021%	$447K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004313	−0.088%	$76.6M	$163.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004328	+0.257%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004318	+0.025%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004319	+0.049%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004316	−0.021%	$17.0M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004317	+0.002%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004319	+0.043%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004331	+0.327%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004323	+0.141%	$136K	$768K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004320	+0.072%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004317	+0.004%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004318	+0.025%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004313	−0.090%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004314	−0.067%	$21K	$143K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004316	−0.021%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004313	−0.094%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004316	−0.021%	$71K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0112%	1h	0.004319	+0.049%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004320	+0.071%	$488K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004333	+0.382%	$40K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004321	+0.095%	$655K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0309% / S −0.0227%	1h	0.004316	−0.021%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004314	−0.067%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0342%	1h	0.004321	+0.098%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004315	−0.039%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004337	+0.466%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0810%	1h	0.004319	+0.045%	$1.3M	$3.5M	50x	as long as short