Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.073%

Price spread now: Popdex against BloFin−1.164%7-day average −1.379% · 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−$32as in the Price arb table

costs, in and out, $10k−$530.532% of the position

Long on BloFin Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.283%−$28 on $10k

Price spread, last 4 days (all we have)−0.836%−$84 · spread now −1.164%, 7d avg −1.379%

Together, before fees−1.119%−$112 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Popdex is 0.215% dearer against BloFin than usual: you sell high and buy low (spread −1.164% now, against its 7-day average of −1.379%): +$22 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 2.9 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin PUMP-USDT	0.004553	0.0340	pay 0.0170% / 4h	3h 36m	$3.8M	$4.7M	75x
Short	Popdex PUMPUSDT	0.004500	0.0096	get 0.0012% / 1h	36m 01s	$29K	$664K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex against BloFin. 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 BloFinbpFee PopdexbpOrdersPrice spread, now −1.164%Rate

Funding earned: −$51.24
Price spread: −1.164% → −1.379%: $21.53
Slippage, 4 orders: −$34.78
Fee BloFin: 6 bp × 2 orders: −$12
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$82.88
Costs to cover: 0.532%
Break-even: never at this rate

Slippage from BloFin: live order book, 2 min ago; Popdex: live order book, 63 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 BloFin live order book, 2 min ago	3.30 bp	12.7 bp −$13	17.0 bp −$170	46.9 bp −$4,686	163.3 bp −$81.6K
Sell Popdex live order book, 63 min ago	2.23 bp	14.6 bp −$15	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	0.0000%	1h	0.004554	+0.027%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004540	−0.286%	$18K	$267K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004542	−0.243%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0012%	4h	0.004541	−0.264%	$4.9M	$10.0M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004546	−0.154%	$2.9M	$4.4M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004500	−1.164%	$29K	$664K	20x
Aster PUMPUSDT	+0.0100%	4h	0.004541	−0.268%	$858K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004549	−0.088%	$521K	$886K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004543	−0.220%	$83.0M	$176.4M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004540	−0.286%	$25.0M	$103.5M	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	0.004541	−0.259%	$27K	$163K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004547	−0.132%	$50K	$140K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004546	−0.154%	$24.7M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004541	−0.264%	$17.8M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004540	−0.286%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004542	−0.242%	$814K	$213K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004544	−0.204%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004543	−0.220%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004544	−0.198%	$162K	$748K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004542	−0.242%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004543	−0.220%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004542	−0.250%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004540	−0.286%	$2K	$787K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004544	−0.198%	$260	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004547	−0.132%	$23K	$124K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004543	−0.220%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004547	−0.128%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004541	−0.257%	$3.7M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004540	−0.286%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0190%	1h	0.004546	−0.154%	$70K	$116K	25x	as long as short
Hyperliquid PUMP	+0.0192%	1h	0.004548	−0.110%	$169.9M	$51.2M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004542	−0.242%	$65K	—	100x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004553	−0.004%	$44K	$146K	10x	as long as short
BloFin PUMP-USDTlong	+0.0340%	4h	0.004553	long leg	$3.8M	$4.7M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004543	−0.224%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0344%	1h	0.004582	+0.637%	$38K	$204K	12x	as long as short
01 Exchange PUMPUSD	+0.0344%	1h	0.004545	−0.176%	$6K	$600	10x	as long as short
Nado PUMP-PERP	+0.0391%	1h	0.004540	−0.275%	$1.7M	$2.2M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004552	−0.022%	$739K	$6.2M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004544	−0.187%	$529K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0815%	1h	0.004546	−0.159%	$1.1M	$3.5M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0982%	1h	0.004549	−0.086%	$503	$110K	10x	as long as short