Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.031%

Price spread now: Backpack against edgeX−0.806%7-day average −0.043% · you buy dearer than you sell

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$129as in the Price arb table

costs, in and out, $10k−$520.523% of the position

Long on edgeX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.205%−$20 on $10k

Price spread, last 4 days (all we have)+0.799%+$80 · spread now −0.806%, 7d avg −0.043%

Together, before fees+0.594%+ Points / potential airdropedgeX: Active · farm board+$59 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.763% cheaper against edgeX than usual: you would sell low and buy high, −$76 on $10k if it goes back to its 7-day average of −0.043%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PUMPUSDC	0.004491	0.0100	pay 0.0050% / 4h	2h 32m	$67K	$3.1M	20x
Short	Backpack PUMP_USDC_PERP	0.004455	0.0100	get 0.0013% / 1h	32m 32s	$802K	$203K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against edgeX. 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 edgeXbpFee BackpackbpOrdersPrice spread, now −0.806%Rate

Funding earned: $0
Price spread: −0.806% → −0.043%: −$76.31
Slippage, 4 orders: −$33.32
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$128.63
Costs to cover: 0.523%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Backpack: live order book, 16 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 edgeX live order book, 1 min ago	4.49 bp	16.3 bp −$16	20.3 bp −$203	doesn't fit	doesn't fit
Sell Backpack live order book, 16 min ago	2.67 bp	7.9 bp −$8	16.8 bp −$168	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	−0.0015%	1h	0.004441	−1.110%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004452	−0.873%	$18K	$242K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004451	−0.885%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004443	−1.073%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.030%	$29K	$638K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004442	−1.084%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004440	−1.145%	$706K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004442	−1.095%	$535K	$767K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004441	−1.126%	$81.6M	$167.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004438	−1.184%	$24.3M	$94.3M	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	0.004452	−0.868%	$31K	$166K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004442	−1.095%	$64K	$103K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004439	−1.162%	$4.9M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004440	−1.140%	$23.8M	$13.7M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004437	−1.207%	$17.6M	$18.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004437	−1.207%	—	$13.7M	—	as long as short
Backpack PUMP_USDC_PERPshort	+0.0100%	1h	0.004455	−0.806%	$802K	$203K	5x
edgeX PUMPUSDClong	+0.0100%	4h	0.004491	long leg	$67K	$3.1M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004450	−0.919%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	+0.285%	$152K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004457	−0.761%	$111K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004452	−0.873%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004450	−0.920%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004453	−0.850%	$2K	$746K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004452	−0.873%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004452	−0.873%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004456	−0.783%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004435	−1.244%	$3.8M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004448	−0.962%	$66K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0104%	8h	0.004443	−1.062%	$42K	$276	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0199%	1h	0.004453	−0.850%	$69K	$115K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0200%	1h	0.004450	−0.917%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004443	−1.073%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004459	−0.717%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004453	−0.854%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004460	−0.688%	$45K	$119K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004460	−0.694%	$713K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0480%	1h	0.004448	−0.962%	$165.9M	$49.5M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004463	−0.628%	$38K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004444	−1.051%	$528K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0822%	1h	0.004452	−0.867%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1094%	1h	0.004461	−0.683%	$517	$104K	10x	as long as short