Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.031%

Price spread now: KuCoin against Backpack−0.123%58s7-day average +0.090% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as 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−$550.546% of the position

Long on Backpack Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 4 days (all we have)+0.280%+$28 · spread now −0.123%, 7d avg +0.090%

Together, before fees+0.534%+$53 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: KuCoin is 0.213% cheaper against Backpack than usual: you would sell low and buy high, −$21 on $10k if it goes back to its 7-day average of +0.090%. The two prices were read 58 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	0.004549	0.0100	pay 0.0013% / 1h	50m 15s	$816K	$214K	5x
Short	KuCoin PUMPUSDTM	0.004543	0.0100	get 0.0050% / 4h	3h 50m	$24.7M	$13.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.123%Rate

Funding earned: $0
Price spread: −0.123% → +0.090%: −$21.31
Slippage, 4 orders: −$32.58
Fee Backpack: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$75.89
Costs to cover: 0.546%
Break-even: never at this rate

Slippage from Backpack: live order book, 49 min ago; KuCoin: live order book, 9 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, 49 min ago	1.23 bp	9.0 bp −$9	15.2 bp −$152	doesn't fit	doesn't fit
Sell KuCoin live order book, 9 min ago	2.19 bp	16.0 bp −$16	39.8 bp −$398	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	0.0000%	1h	0.004550	+0.036%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004546	−0.057%	$18K	$270K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004543	−0.123%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0076%	4h	0.004544	−0.101%	$4.9M	$9.9M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004543	−0.123%	$2.9M	$4.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.068%	$31K	$659K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004539	−0.208%	$858K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004549	+0.009%	$521K	$879K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004541	−0.167%	$83.1M	$176.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004540	−0.189%	$25.0M	$103.6M	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	0.004556	+0.154%	$27K	$163K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004550	+0.031%	$50K	$140K	10x	as long as short
KuCoin PUMPUSDTMshort	+0.0100%	4h	0.004543	−0.123%	$24.7M	$13.9M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004540	−0.189%	$17.8M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004547	−0.035%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERPlong	+0.0100%	1h	0.004549	long leg	$816K	$214K	5x
edgeX PUMPUSDC	+0.0100%	4h	0.004555	+0.146%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004557	+0.185%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004557	+0.185%	$162K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004546	−0.057%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004540	−0.189%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004561	+0.277%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004543	−0.123%	$2K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004540	−0.189%	$255	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004548	−0.013%	$25K	$121K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004540	−0.189%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004549	+0.019%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004538	−0.226%	$3.8M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004538	−0.233%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0191%	1h	0.004542	−0.145%	$70K	$116K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004543	−0.123%	$65K	—	100x	as long as short
Hyperliquid PUMP	+0.0327%	1h	0.004550	+0.031%	$170.2M	$51.1M	10x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004555	+0.132%	$44K	$146K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004545	−0.079%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004544	−0.106%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	+0.734%	$38K	$204K	12x	as long as short
Nado PUMP-PERP	+0.0421%	1h	0.004548	−0.002%	$1.7M	$2.2M	10x	as long as short
01 Exchange PUMPUSD	+0.0424%	1h	0.004551	+0.053%	$6K	$600	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004549	+0.009%	$739K	$6.1M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004551	+0.064%	$531K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0815%	1h	0.004543	−0.119%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1022%	1h	0.004554	+0.129%	$504	$111K	10x	as long as short