Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.009%

Price spread now: Hyperliquid against edgeX+0.142%106s7-day average +0.092% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$550.551% of the position

Long on edgeX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 7 days−0.038%−$4 · spread now +0.142%, 7d avg +0.092%

Together, before fees−0.013%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$1 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: Hyperliquid is 0.050% dearer against edgeX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.092%. The two prices were read 106 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PUMPUSDC	0.004317	0.0100	pay 0.0050% / 4h	1h 57m	$63K	$3.0M	20x
Short	Hyperliquid PUMP	0.004323	0.0100	get 0.0013% / 1h	57m 53s	$158.3M	$52.5M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid 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 HyperliquidbpOrdersPrice spread, now +0.142%Rate

Funding earned: $0
Price spread: +0.142% → +0.092%: $4.96
Slippage, 4 orders: −$37.07
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$50.1
Costs to cover: 0.551%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Hyperliquid: live order book, 6 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	4.63 bp	27.0 bp −$27	34.4 bp −$344	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 6 min ago	1.16 bp	8.6 bp −$9	21.3 bp −$213	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	−0.5040%	1h	0.004327	+0.234%	$20K	$8K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004314	−0.067%	$20K	$205K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0058%	4h	0.004316	−0.021%	$22.5M	$95.4M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0024%	4h	0.004315	−0.044%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004316	−0.021%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004318	+0.018%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0070%	4h	0.004314	−0.067%	$4.6M	$11.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004314	−0.067%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.391%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004319	+0.045%	$41K	—	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	+0.037%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMPshort	+0.0100%	1h	0.004323	+0.142%	$158.3M	$52.5M	10x
Aster PUMPUSDT	+0.0100%	4h	0.004315	−0.044%	$778K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004324	+0.165%	$448K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004314	−0.067%	$76.6M	$163.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004319	+0.042%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004316	−0.021%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004316	−0.021%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004315	−0.044%	$17.0M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004314	−0.067%	—	$12.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004312	−0.109%	$769K	$183K	5x	as long as short
edgeX PUMPUSDClong	+0.0100%	4h	0.004317	long leg	$63K	$3.0M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004318	+0.025%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004317	+0.003%	$136K	$769K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004319	+0.049%	$90K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004315	−0.047%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004322	+0.118%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004314	−0.067%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004312	−0.113%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004317	+0.003%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004313	−0.094%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004314	−0.067%	$71K	$18K	3x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004325	+0.186%	$39K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004318	+0.014%	$488K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004317	+0.003%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004330	+0.304%	$657K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0308% / S −0.0227%	1h	0.004316	−0.021%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004323	+0.142%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004315	−0.039%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0354%	1h	0.004319	+0.050%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004318	+0.026%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0810%	1h	0.004320	+0.064%	$1.3M	$3.5M	50x	as long as short