Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0348%/8h= −38.1% APRpaid last 24h −0.024%

Price spread now: edgeX against Coinbase International−0.074%7-day average −0.040% · you buy dearer than you sell

Net, funding: paid 7d − costs−$61as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$590.586% of the position

Long on Coinbase International Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 4 days (all we have)+0.108%+$11 · spread now −0.074%, 7d avg −0.040%

Together, before fees+0.082%+ Points / potential airdropedgeX: Active · farm board+$8 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$10 a day on $10k at the current rate, and edgeX is 0.034% cheaper against Coinbase International than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.040%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.026% in total (about -1.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International PUMP-PERP-INTX	0.004500	0.0448	pay 0.0056% / 1h	43m 19s	$701K	$5.9M	50x
Short	edgeX PUMPUSDC	0.004497	0.0100	get 0.0050% / 4h	1h 43m	$66K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Coinbase International. 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 Coinbase InternationalbpFee edgeXbpOrdersPrice spread, now −0.074%Rate

Funding earned: −$73.08
Price spread: −0.074% → −0.040%: −$3.39
Slippage, 4 orders: −$39.63
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$135.1
Costs to cover: 0.586%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; edgeX: live order book, 1 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 Coinbase International live order book, 1 min ago	8.89 bp	13.9 bp −$14	19.8 bp −$198	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	3.34 bp	16.7 bp −$17	21.2 bp −$212	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	0.004492	−0.175%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004491	−0.200%	$18K	$222K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004496	−0.089%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004495	−0.114%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0093%	4h	0.004496	−0.089%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004495	−0.111%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.222%	$27K	$780K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004493	−0.144%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004495	−0.120%	$708K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004496	−0.089%	$521K	$725K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004496	−0.095%	$82.4M	$169.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004495	−0.111%	$24.5M	$99.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004491	−0.196%	$26K	$186K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004493	−0.156%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004493	−0.156%	$5.0M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004497	−0.067%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004495	−0.111%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004495	−0.111%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004492	−0.167%	$799K	$188K	5x	as long as short
edgeX PUMPUSDCshort	+0.0100%	4h	0.004497	−0.074%	$66K	$3.1M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004502	+0.054%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	+0.089%	$150K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004497	−0.067%	$106K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004496	−0.094%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004491	−0.200%	$2K	$749K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004497	−0.067%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004490	−0.222%	$21K	$116K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004493	−0.156%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004493	−0.158%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004490	−0.222%	$72K	$8K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0231% / S −0.0083%	1h	0.004495	−0.111%	$61K	—	100x	as long as short
Extended PUMP-USD	+0.0288%	1h	0.004495	−0.115%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004496	−0.089%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004500	0.000%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004504	+0.089%	$3.7M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004493	−0.161%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0448%	1h	0.004500	long leg	$701K	$5.9M	50x
RISEx PUMP/USDC	+0.0544%	1h	0.004495	−0.111%	$534K	$983K	10x	as long as short
Hyperliquid PUMP	+0.0625%	1h	0.004501	+0.022%	$168.3M	$56.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0868%	1h	0.004499	−0.022%	$594	$114K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004503	+0.067%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1329%	1h	0.004501	+0.017%	$1.4M	$3.0M	50x	as long as short