Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:46 UTC+0.0071%/8h= +7.8% APRpaid last 24h +0.014%

Price spread now: Backpack against Perpl−0.048%7-day average −0.054% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Perpl Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.038%−$4 on $10k

Price spread, last 3 days (all we have)−0.619%−$62 · spread now −0.048%, 7d avg −0.054%

Together, before fees−0.657%+ Points / potential airdropPerpl: Active · farm board−$66 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.054%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004341	0	get 0.0000% / 43m	25m 21s	$20K	$202K	20x
Short	Backpack PUMP_USDC_PERP	0.004339	0.0071	get 0.0009% / 1h	12m 21s	$773K	$180K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Perpl. 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 PerplbpFee BackpackbpOrdersPrice spread, now −0.048%Rate

Funding earned: $15
Price spread: −0.048% → −0.054%: $0.57
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$8.23
Costs to cover: 0.238%
Break-even: 10.8 days

Slippage unknown: Perpl: no order-book sample; Backpack: live order book, 7 min ago. Net counts fees only.

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 Perpl no order-book sample	—	—	—	—	—
Sell Backpack live order book, 7 min ago	1.50 bp	10.9 bp −$11	19.4 bp −$194	doesn't fit	doesn't fit

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.4130%	1h	0.004344	+0.069%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0057%	4h	0.004339	−0.046%	$22.7M	$95.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0004%	4h	0.004341	0.000%	$41K	$10K	10x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004341	long leg	$20K	$202K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004339	−0.046%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004343	+0.048%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERPshort	+0.0071%	1h	0.004339	−0.048%	$773K	$180K	5x
Lighter PUMP	+0.0096%	1h	0.004339	−0.046%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004344	+0.069%	$6K	$497	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.944%	$29K	$764K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004341	+0.008%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004338	−0.058%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004348	+0.161%	$159.3M	$52.3M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004343	+0.046%	$786K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004342	+0.023%	$450K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004341	+0.003%	$77.3M	$163.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004334	−0.157%	$25K	$173K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004342	+0.023%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004341	0.000%	$4.7M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004344	+0.069%	$23.0M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004342	+0.023%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004340	−0.023%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004343	+0.040%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004343	+0.046%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004346	+0.115%	$137K	$765K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004345	+0.092%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004339	−0.054%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004338	−0.069%	$2K	$713K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004338	−0.069%	$715	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004339	−0.046%	$21K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004338	−0.069%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004340	−0.032%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004338	−0.069%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004344	+0.058%	$492K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004345	+0.097%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004346	+0.115%	$675K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0313% / S −0.0231%	1h	0.004342	+0.023%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004334	−0.161%	$3.4M	$3.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004341	−0.002%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0407%	1h	0.004342	+0.034%	$181	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004333	−0.184%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0806%	1h	0.004343	+0.055%	$1.3M	$3.5M	50x	as long as short