Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0065%/8h= +7.1% APRpaid last 24h +0.032%

Price spread now: edgeX against Backpack−0.083%7-day average +0.033% · you buy dearer than you sell

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$520.517% of the position

Long on Backpack Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.202%+$20 on $10k

Price spread, last 4 days (all we have)−0.230%−$23 · spread now −0.083%, 7d avg +0.033%

Together, before fees−0.028%+ Points / potential airdropedgeX: Active · farm board−$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.115% cheaper against Backpack than usual: you would sell low and buy high (spread −0.083% now, against its 7-day average of +0.033%). If the spread goes back, that is −$12 on $10k: about 5.9 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack PUMP_USDC_PERP	0.004323	0.0035	pay 0.0004% / 1h	41m 11s	$771K	$181K	5x
Short	edgeX PUMPUSDC	0.004319	0.0100	get 0.0050% / 4h	1h 41m	$64K	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Backpack. 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 BackpackbpFee edgeXbpOrdersPrice spread, now −0.083%Rate

Funding earned: $13.6
Price spread: −0.083% → +0.033%: −$11.53
Slippage, 4 orders: −$32.73
Fee Backpack: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$49.67
Costs to cover: 0.517%
Break-even: 32.6 days

Slippage from Backpack: live order book, 43 min ago; edgeX: live order book, 3 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 Backpack live order book, 43 min ago	0.81 bp	12.2 bp −$12	21.2 bp −$212	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	4.63 bp	16.7 bp −$17	20.9 bp −$209	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	−0.4986%	1h	0.004325	+0.041%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0038%	4h	0.004318	−0.111%	$22.6M	$95.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0015%	4h	0.004319	−0.088%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004320	−0.065%	$20K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004321	−0.042%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004320	−0.060%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERPlong	+0.0035%	1h	0.004323	long leg	$771K	$181K	5x
Lighter PUMP	+0.0096%	1h	0.004319	−0.088%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.527%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004321	−0.046%	$42K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004318	−0.099%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004327	+0.097%	$158.5M	$52.6M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004321	−0.042%	$779K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004323	+0.005%	$448K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004319	−0.097%	$76.8M	$163.5M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004324	+0.019%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004322	−0.019%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004319	−0.088%	$4.6M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004322	−0.019%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004319	−0.088%	$17.1M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004321	−0.042%	—	$12.7M	—	as long as short
edgeX PUMPUSDCshort	+0.0100%	4h	0.004319	−0.083%	$64K	$3.0M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004316	−0.156%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004320	−0.065%	$136K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004323	+0.005%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004320	−0.060%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004321	−0.042%	$2K	$712K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004319	−0.088%	$712	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004320	−0.065%	$21K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004318	−0.111%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004318	−0.119%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004318	−0.111%	$71K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0120%	1h	0.004322	−0.019%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004322	−0.007%	$488K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004317	−0.139%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004324	+0.028%	$655K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0310% / S −0.0228%	1h	0.004320	−0.065%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004319	−0.088%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004318	−0.108%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0372%	1h	0.004320	−0.076%	$200	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004322	−0.019%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0809%	1h	0.004325	+0.046%	$1.3M	$3.5M	50x	as long as short