A novel fluid pump includes a stator body defining a pumping chamber and an impeller operationally disposed within the chamber. The impeller has opposed ends with a central axis defining an axis of rotation. Passive magnetic bearing sets are positioned along the impeller body with each bearing set being similarly polarized so as to be in mutually attracting or mutually repelling relationship. A third passive magnetic bearing set is positioned along the impeller axis between the opposed ends with the third bearing set being magnetically coupled similarly to the first and second bearing sets, with the passive magnetic bearings creating an unstable negative force in a plane perpendicular to the axis of rotation of the impeller with the negative stiffness being overcome upon rotation of the impeller creating a centrifugal force of a magnitude greater than that of the unstable negative force.