Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.028%

Price spread now: Backpack against Bitget+0.227%49s7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as 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−$490.485% of the position

Long on Bitget Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.248%−$25 on $10k

Price spread, last 4 days (all we have)−0.297%−$30 · spread now +0.227%, 7d avg −0.033%

Together, before fees−0.545%−$54 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: Backpack is 0.260% dearer against Bitget than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.033%. The two prices were read 49 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	Bitget PUMPUSDT	0.004321	0.0100	pay 0.0050% / 4h	1h 54m	$17.1M	$19.1M	75x
Short	Backpack PUMP_USDC_PERP	0.004331	0.0100	get 0.0013% / 1h	54m 16s	$772K	$181K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Bitget. 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 BitgetbpFee BackpackbpOrdersPrice spread, now +0.227%Rate

Funding earned: $0
Price spread: +0.227% → −0.033%: $26.03
Slippage, 4 orders: −$26.5
Fee Bitget: 6 bp × 2 orders: −$12
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$22.47
Costs to cover: 0.485%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; Backpack: live order book, 30 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 Bitget live order book, 4 min ago	2.32 bp	14.7 bp −$15	28.4 bp −$284	doesn't fit	doesn't fit
Sell Backpack live order book, 30 min ago	0.81 bp	9.6 bp −$10	16.7 bp −$167	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	−0.5703%	1h	0.004333	+0.269%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0057%	4h	0.004321	0.000%	$22.5M	$95.6M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0021%	4h	0.004322	+0.023%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004323	+0.046%	$20K	$205K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004324	+0.069%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004324	+0.065%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004321	0.000%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.486%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004331	+0.236%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004323	+0.058%	$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
Hyperliquid PUMP	+0.0100%	1h	0.004329	+0.185%	$158.5M	$52.6M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004324	+0.075%	$779K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004335	+0.324%	$449K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004321	+0.009%	$76.7M	$163.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004328	+0.162%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004331	+0.231%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004328	+0.162%	$4.6M	$11.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004329	+0.185%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDTlong	+0.0100%	4h	0.004321	long leg	$17.1M	$19.1M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004329	+0.185%	—	$12.7M	—	as long as short
Backpack PUMP_USDC_PERPshort	+0.0100%	1h	0.004331	+0.227%	$772K	$181K	5x
edgeX PUMPUSDC	+0.0100%	4h	0.004320	−0.016%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004324	+0.076%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004319	−0.046%	$136K	$769K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004329	+0.185%	$92K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004323	+0.049%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004333	+0.278%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004322	+0.023%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004324	+0.069%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004324	+0.069%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004321	−0.005%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004320	−0.023%	$71K	$18K	3x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004323	+0.046%	$40K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004333	+0.278%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004332	+0.255%	$490K	$1.0M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004332	+0.255%	$657K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0309% / S −0.0227%	1h	0.004322	+0.023%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004331	+0.231%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004323	+0.051%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0350%	1h	0.004323	+0.046%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004326	+0.116%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0808%	1h	0.004328	+0.171%	$1.3M	$3.5M	50x	as long as short