Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.024%

Price spread now: Deribit against edgeX−0.104%7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$77as in the Funding arb table

Net, price: spread back to 7d avg − costs−$67as in the Price arb table

costs, in and out, $10k−$540.535% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.232%−$23 on $10k

Price spread, last 4 days (all we have)−0.044%−$4 · spread now −0.104%, 7d avg +0.034%

Together, before fees−0.275%+ Points / potential airdropedgeX: Active · farm board−$28 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.138% cheaper against edgeX than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of +0.034%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PUMPUSDC	0.004497	0.0100	pay 0.0050% / 4h	1h 43m	$66K	$3.1M	20x
Short	Deribit PUMP_USDC-PERPETUAL	0.004492	0	get 0.0000% / 1h	43m 30s	$71K	$124K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.104%Rate

Funding earned: −$21
Price spread: −0.104% → +0.034%: −$13.76
Slippage, 4 orders: −$37.51
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$88.27
Costs to cover: 0.535%
Break-even: never at this rate

Slippage from edgeX: live order book, just now; Deribit: live order book, 15 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, just now	3.34 bp	9.9 bp −$10	12.7 bp −$127	doesn't fit	doesn't fit
Sell Deribit live order book, 15 min ago	6.70 bp	16.8 bp −$17	25.6 bp −$256	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	−0.101%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004494	−0.059%	$18K	$222K	20x	as long as short
Deribit PUMP_USDC-PERPETUALshort	0.0000%	1h	0.004492	−0.104%	$71K	$124K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004492	−0.107%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0093%	4h	0.004493	−0.082%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004495	−0.037%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.150%	$27K	$780K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004493	−0.071%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004494	−0.060%	$708K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004496	−0.015%	$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	0.004493	−0.082%	$82.3M	$169.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004491	−0.126%	$24.5M	$99.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004491	−0.122%	$26K	$186K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004493	−0.082%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004492	−0.104%	$5.0M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004497	+0.007%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004493	−0.082%	$17.7M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004493	−0.082%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004492	−0.093%	$799K	$188K	5x	as long as short
edgeX PUMPUSDClong	+0.0100%	4h	0.004497	long leg	$66K	$3.1M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004502	+0.128%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	+0.163%	$150K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004497	+0.007%	$106K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004493	−0.085%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004491	−0.126%	$2K	$749K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004493	−0.082%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004490	−0.148%	$21K	$116K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004493	−0.082%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004493	−0.084%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004489	−0.171%	$72K	$8K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0231% / S −0.0084%	1h	0.004490	−0.148%	$61K	—	100x	as long as short
Extended PUMP-USD	+0.0288%	1h	0.004491	−0.119%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004496	−0.015%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004500	+0.074%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004504	+0.163%	$3.7M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004493	−0.087%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004500	+0.074%	$701K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004495	−0.037%	$534K	$983K	10x	as long as short
Hyperliquid PUMP	+0.0627%	1h	0.004500	+0.074%	$168.3M	$56.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0863%	1h	0.004500	+0.066%	$594	$114K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004503	+0.141%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1330%	1h	0.004499	+0.042%	$1.4M	$3.0M	50x	as long as short