Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.032%

Price spread now: Bitget against Backpack+0.147%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$440.438% of the position

Long on Backpack Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.249%+$25 on $10k

Price spread, last 4 days (all we have)−0.085%−$8 · spread now +0.147%, 7d avg +0.031%

Together, before fees+0.164%+$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: Bitget is 0.116% dearer against Backpack than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack PUMP_USDC_PERP	0.004363	0.0100	pay 0.0013% / 1h	33m 40s	$777K	$181K	5x
Short	Bitget PUMPUSDT	0.004369	0.0100	get 0.0050% / 4h	33m 40s	$17.4M	$19.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → +0.031%: $11.56
Slippage, 4 orders: −$21.76
Fee Backpack: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$32.2
Costs to cover: 0.438%
Break-even: never at this rate

Slippage from Backpack: live order book, 45 min ago; Bitget: live order book, 5 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, 45 min ago	1.50 bp	9.2 bp −$9	15.7 bp −$157	doesn't fit	doesn't fit
Sell Bitget live order book, 5 min ago	2.28 bp	11.8 bp −$12	24.3 bp −$243	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	−0.0005%	1h	0.004361	−0.037%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0003%	4h	0.004365	+0.055%	$22.8M	$96.6M	50x	as long as short
Perpl PUMP	0.0000%	43m	0.004359	−0.083%	$18K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004363	+0.009%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004361	−0.028%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0012%	4h	0.004361	−0.037%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004359	−0.083%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.435%	$26K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004365	+0.058%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004358	−0.094%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004361	−0.037%	$729K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004363	+0.009%	$456K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004359	−0.072%	$77.7M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004359	−0.080%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004370	+0.170%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004358	−0.105%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004368	+0.124%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDTshort	+0.0100%	4h	0.004369	+0.147%	$17.4M	$19.1M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004368	+0.124%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERPlong	+0.0100%	1h	0.004363	long leg	$777K	$181K	5x
edgeX PUMPUSDC	+0.0100%	4h	0.004375	+0.295%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004376	+0.312%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004378	+0.353%	$138K	$764K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004361	−0.037%	$97K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004362	−0.007%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004362	−0.014%	$2K	$717K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004361	−0.037%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004356	−0.151%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004358	−0.105%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004368	+0.118%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004360	−0.060%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004380	+0.394%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004381	+0.422%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004371	+0.193%	$485K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004370	+0.170%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004365	+0.055%	$688K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0320% / S −0.0242%	1h	0.004360	−0.060%	$68K	—	100x	as long as short
Hyperliquid PUMP	+0.0340%	1h	0.004363	+0.009%	$160.6M	$53.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004372	+0.215%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004358	−0.105%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0469%	1h	0.004378	+0.351%	$200	$105K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0865%	1h	0.004367	+0.096%	$1.3M	$3.5M	50x	as long as short