PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.00 per $10,000 · paid last 24h +0.030%

Price spread now: Popdex against Backpack−1.409%7-day average −1.285% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$510.509% of the position

Long on Backpack Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.193%+$19 on $10k

Price spread, last 4 days (all we have)+0.816%+$82 · spread now −1.409%, 7d avg −1.285%

Together, before fees+1.008%+$101 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: Popdex is 0.125% cheaper against Backpack than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of −1.285%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack PUMP_USDC_PERP	0.004463	0.0100	pay 0.0013% / 1h	10m 03s	$796K	$204K	5x
Short	Popdex PUMPUSDT	0.004400	0.0096	get 0.0012% / 1h	10m 03s	$30K	$631K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −1.409%Rate

Funding earned: −$0.84
Price spread: −1.409% → −1.285%: −$12.46
Slippage, 4 orders: −$34.55
Fee Backpack: 5 bp × 2 orders: −$10
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$64.25
Costs to cover: 0.509%
Break-even: never at this rate

Slippage from Backpack: live order book, 44 min ago; Popdex: live order book, 44 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, 44 min ago	2.37 bp	9.8 bp −$10	18.6 bp −$186	doesn't fit	doesn't fit
Sell Popdex live order book, 44 min ago	2.25 bp	15.5 bp −$16	doesn't fit	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	−0.2338%	1h	0.004471	+0.186%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004465	+0.047%	$18K	$242K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004464	+0.025%	$71K	$116K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004463	0.000%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0012%	4h	0.004462	−0.020%	$4.9M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004467	+0.092%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004400	−1.409%	$30K	$631K	20x
Nado PUMP-PERP	+0.0100%	1h	0.004467	+0.103%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004466	+0.060%	$714K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004469	+0.137%	$496K	$823K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004466	+0.066%	$81.4M	$166.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004463	+0.002%	$24.4M	$95.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004480	+0.392%	$32K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004470	+0.159%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004467	+0.092%	$24.0M	$13.7M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004463	+0.002%	$17.6M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004465	+0.047%	—	$12.7M	—	as long as short
Backpack PUMP_USDC_PERPlong	+0.0100%	1h	0.004463	long leg	$796K	$204K	5x
edgeX PUMPUSDC	+0.0100%	4h	0.004482	+0.420%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004485	+0.493%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004483	+0.450%	$150K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004470	+0.159%	$107K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004464	+0.025%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004463	+0.003%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004468	+0.114%	$2K	$745K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004465	+0.047%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004465	+0.047%	$21K	$97K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004465	+0.047%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004471	+0.174%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004463	+0.002%	$66K	$10K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004463	+0.002%	$54K	—	100x	as long as short
Extended PUMP-USD	+0.0272%	1h	0.004463	+0.009%	$3.9M	$3.9M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004473	+0.226%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004488	+0.565%	$46K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004465	+0.040%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0344%	1h	0.004472	+0.204%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004496	+0.742%	$39K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004472	+0.204%	$721K	$5.8M	50x	as long as short
Hyperliquid PUMP	+0.0516%	1h	0.004470	+0.159%	$167.5M	$51.9M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004472	+0.201%	$531K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0656%	1h	0.004467	+0.095%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1036%	1h	0.004473	+0.222%	$518	$107K	10x	as long as short