Funding you earn now, next payment 22:00 UTC−0.0649%/8h= −71.0% APRpaid last 24h −0.028%
Price spread now: Backpack against Binance+0.065%7-day average −0.029% · you sell dearer than you buy
Net, funding: paid 7d − costs−$60as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$400.400% of the position
Funding, last 7 days−0.201%−$20 on $10k
+Price spread, last 4 days (all we have)+0.169%+$17 · spread now +0.065%, 7d avg −0.029%
=The price spread pays, funding is against you. Backpack is 0.094% dearer against Binance than usual: you sell high and buy low (spread +0.065% now, against its 7-day average of −0.029%): +$9 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 12 hours. At the pace of the last 7 days (−0.201% in total) that is about 3.3 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.201% in total (about -10.5% 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 | Binance PUMPUSDT | 0.004294 | 0.0100 | pay 0.0050% / 4h | 2h 44m | $76.2M | $164.7M | 75x |
| Short | Backpack PUMP_USDC_PERP | 0.004297 | −0.0549 | pay 0.0069% / 1h | 44m 52s | $769K | $184K | 5x |
Binance PUMPUSDT
Backpack PUMP_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against Binance. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$136.23
- Price spread: +0.065% → −0.029%
- $9.41
- Slippage, 4 orders
- −$20.02
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$166.83
- Costs to cover
- 0.400%
- Break-even
- never at this rate
Slippage from Binance: live order book, 13 min ago; Backpack: 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 Binance live order book, 13 min ago | 1.16 bp | 8.4 bp −$8 | 18.1 bp −$181 | 68.4 bp −$6,842 | 409.5 bp −$204.8K |
| Sell Backpack live order book, 44 min ago | 0.81 bp | 10.4 bp −$10 | 16.0 bp −$160 | 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 | −0.2937% | 1h | 0.004299 | +0.115% | $20K | $8K | 5x | as long as short |
| Backpack PUMP_USDC_PERPshort | −0.0549% | 1h | 0.004297 | +0.065% | $769K | $184K | 5x | |
| OKX PUMP-USDT-SWAP | −0.0071% | 4h | 0.004293 | −0.023% | $22.5M | $94.1M | 50x | as long as short |
| Orderly PERP_PUMP_USDC | −0.0016% | 4h | 0.004298 | +0.093% | $40K | $10K | 10x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004297 | +0.070% | $19K | $204K | 20x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | 0.0000% | 1h | 0.004300 | +0.140% | $68K | $126K | 25x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0002% / S −0.0002% | 1h | 0.004299 | +0.108% | $54K | — | 150x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004293 | −0.023% | $2.9M | $5.5M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004200 | −2.189% | $28K | $775K | 20x | as long as short |
| Gate PUMP_USDT | +0.0096% | 4h | 0.004294 | 0.000% | $4.6M | $11.7M | 75x | as long as short |
dYdX PUMP-USD
OKX PUMP-USDT-SWAP
Orderly PERP_PUMP_USDC
Perpl PUMP
Deribit PUMP_USDC-PERPETUAL
gTrade (Gains Network) PUMP/USD
Lighter PUMP
Popdex PUMPUSDT
Gate PUMP_USDTShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex PUMP-USD-PERP | +0.0100% | 8h | 0.004298 | +0.085% | $41K | — | 5x | as long as short |
| Nado PUMP-PERP | +0.0100% | 1h | 0.004296 | +0.058% | $1.6M | $2.0M | 10x | as long as short |
| Hyperliquid PUMP | +0.0100% | 1h | 0.004298 | +0.093% | $157.1M | $52.4M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004296 | +0.045% | $780K | $2.1M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004298 | +0.093% | $447K | $611K | 10x | as long as short |
| Binance PUMPUSDTlong | +0.0100% | 4h | 0.004294 | long leg | $76.2M | $164.7M | 75x | |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004306 | +0.272% | $25K | $183K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004297 | +0.070% | $42K | $53K | 10x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004298 | +0.093% | $22.7M | $14.0M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004293 | −0.023% | $16.9M | $19.2M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004293 | −0.023% | — | $12.8M | — | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004296 | +0.044% | $63K | $3.1M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004297 | +0.065% | $1.2M | $9.6M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004297 | +0.070% | $136K | $767K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004301 | +0.163% | $107K | $1.8M | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004299 | +0.116% | $4K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004299 | +0.116% | $1K | $708K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004297 | +0.070% | $709 | $6K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004290 | −0.093% | $21K | $146K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004295 | +0.023% | $2.0M | $4.0M | 20x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004293 | −0.021% | $3.5M | $3.7M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004296 | +0.047% | $71K | $18K | 3x | as long as short |
| RISEx PUMP/USDC | +0.0125% | 1h | 0.004299 | +0.126% | $489K | $1.0M | 10x | as long as short |
| Phoenix PUMP | +0.0129% | 1h | 0.004300 | +0.151% | $38K | $99K | 10x | as long as short |
| 01 Exchange PUMPUSD | +0.0144% | 1h | 0.004299 | +0.116% | $6K | $497 | 10x | as long as short |
| Coinbase International PUMP-PERP-INTX | +0.0240% | 1h | 0.004304 | +0.233% | $653K | $5.4M | 50x | as long as short |
| Aftermath Perps PUMPUSD | +0.0302% | 1h | 0.004304 | +0.228% | $179 | $107K | 10x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0304% / S −0.0221% | 1h | 0.004299 | +0.116% | $66K | — | 100x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004293 | −0.023% | $3.4M | $3.6M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004298 | +0.084% | $2 | — | 3x | as long as short |
| Injective PUMP/USDC PERP | +0.0521% | 1h | 0.004324 | +0.699% | $38K | $207K | 12x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.0690% | 1h | 0.004304 | +0.225% | $1.3M | $3.5M | 50x | as long as short |
Paradex PUMP-USD-PERP
Nado PUMP-PERP
Hyperliquid PUMP
Aster PUMPUSDT
Pacifica PUMP
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
KuCoin PUMPUSDTM
Bitget PUMPUSDT
BingX PUMP-USDT
edgeX PUMPUSDC
GRVT PUMP_USDT_Perp
ApeX Omni PUMPUSDT
Polymarket Perps PUMP-USD
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Extended PUMP-USD
Aevo PUMP-PERP
RISEx PUMP/USDC
Phoenix PUMP
01 Exchange PUMPUSD
Coinbase International PUMP-PERP-INTX
Aftermath Perps PUMPUSD
GMX PUMP/USD [WBTC.b-USDC]
BloFin PUMP-USDT
Reya PUMPRUSDPERP
Injective PUMP/USDC PERP
Kraken Futures PF_PUMPUSD