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Funding arb · Price arb /

PUMP

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Alert: funding
Measured
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Alert: spread
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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

Funding you earn now, next payment 02:00 UTC+0.0221%/8h= +24.2% APRpaid last 24h +0.031%
Price spread now: Phoenix against edgeX+0.228%7-day average +0.107% · you sell dearer than you buy
Net, funding: paid 7d − costs−$47as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$600.597% of the position
Long on edgeXShort on Phoenix
What this pair did over the last
the charts below follow
Funding, last 7 days+0.125%+$13 on $10k
Price spread, last 4 days (all we have)+0.167%+$17 · spread now +0.228%, 7d avg +0.107%
Together, before fees+0.293%+ Points / potential airdropedgeX: Active · farm board+$29 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$7 a day on $10k at the current rate, and Phoenix is 0.121% dearer against edgeX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.107%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.125% in total (about 6.5% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX PUMPUSDC0.0044970.0100pay 0.0050% / 4h1h 44m$66K$3.1M20x
ShortPhoenix PUMP0.0045080.0321get 0.0040% / 1h44m 15s$43K$103K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Phoenix 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

Funding earned
$46.45
Price spread: +0.228% → +0.107%
$12.14
Slippage, 4 orders
−$43.67
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$1.08
Costs to cover
0.597%
Break-even
7.2 days
Slippage from edgeX: live order book, 5 min ago; Phoenix: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 5 min ago3.34 bp19.5 bp −$1925.5 bp −$255doesn't fitdoesn't fit
Sell Phoenix live order book, 4 min ago2.00 bp16.2 bp −$1650.3 bp −$503doesn't fitdoesn't fit

PUMP on 42 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PUMP-USD0.0000%1h0.004501+0.079%$21K$9K5xas long as short
Perpl PUMP0.0000%43m0.004494−0.077%$18K$222K20xas long as short
Deribit PUMP_USDC-PERPETUAL0.0000%1h0.004492−0.121%$71K$124K25xas long as short
gTrade (Gains Network) PUMP/USDL +0.0002% / S −0.0002%1h0.004492−0.124%$53K—150xas long as short
Orderly PERP_PUMP_USDC+0.0093%4h0.004493−0.099%$42K$10K10xas long as short
Lighter PUMP+0.0096%1h0.004495−0.054%$2.9M$5.4M10xas long as short
Popdex PUMPUSDT+0.0096%1h0.004400−2.167%$27K$779K20xas long as short
Nado PUMP-PERP+0.0100%1h0.004494−0.065%$1.7M$2.0M10xas long as short
Aster PUMPUSDT+0.0100%4h0.004495−0.063%$708K$2.4M50xas long as short
Pacifica PUMP+0.0100%1h0.004499+0.035%$522K$725K10xas long as short
Show all 42 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance PUMPUSDT+0.0100%4h0.004494−0.077%$82.3M$169.2M75xas long as short
OKX PUMP-USDT-SWAP+0.0100%4h0.004495−0.054%$24.5M$99.3M50xas long as short
Ondo Perps PUMP-USD.P+0.0100%1h0.004502+0.101%$26K$187K5xas long as short
Arcus PUMP-USD+0.0100%1h0.004495−0.054%$41K$66K10xas long as short
Gate PUMP_USDT+0.0100%4h0.004493−0.099%$5.0M$11.2M75xas long as short
KuCoin PUMPUSDTM+0.0100%4h0.004497−0.010%$23.9M$14.0M50xas long as short
Bitget PUMPUSDT+0.0100%4h0.004492−0.121%$17.7M$19.9M75xas long as short
BingX PUMP-USDT+0.0100%4h0.004491−0.143%—$12.9M—as long as short
Backpack PUMP_USDC_PERP+0.0100%1h0.004505+0.172%$799K$187K5xas long as short
edgeX PUMPUSDClong+0.0100%4h0.004497long leg$66K$3.1M20x
GRVT PUMP_USDT_Perp+0.0100%4h0.004502+0.111%$1.3M$10.6M10xas long as short
ApeX Omni PUMPUSDT+0.0100%1h0.004513+0.346%$150K$751K50xas long as short
Polymarket Perps PUMP-USD+0.0100%1h0.004498+0.012%$106K$2.1M10xas long as short
Derive PUMP-PERP+0.0100%1h0.004493−0.102%$5K$13K6.7xas long as short
SunX PUMP-USDT+0.0100%4h0.004491−0.143%$2K$749K20xas long as short
SoDEX PUMP-USD+0.0100%1h0.004493−0.099%$282$7K10xas long as short
HTX PUMP-USDT+0.0100%4h0.004490−0.165%$21K$116K20xas long as short
Phemex PUMPUSDT+0.0100%4h0.004493−0.099%$2.0M$3.9M20xas long as short
Paradex PUMP-USD-PERP+0.0102%8h0.004500+0.048%$43K$2765xas long as short
Aevo PUMP-PERP+0.0104%1h0.004489−0.188%$72K$8K3xas long as short
GMX PUMP/USD [WBTC.b-USDC]L +0.0231% / S −0.0084%1h0.004490−0.165%$61K—100xas long as short
Extended PUMP-USD+0.0288%1h0.004491−0.136%$3.8M$4.3M50xas long as short
01 Exchange PUMPUSD+0.0296%1h0.004496−0.032%$6K$72710xas long as short
Phoenix PUMPshort+0.0321%1h0.004508+0.228%$43K$103K10x
BloFin PUMP-USDT+0.0340%4h0.004504+0.146%$3.7M$4.7M75xas long as short
Reya PUMPRUSDPERP+0.0344%1h0.004493−0.104%$2—3xas long as short
Coinbase International PUMP-PERP-INTX+0.0448%1h0.004500+0.057%$701K$5.9M50xas long as short
RISEx PUMP/USDC+0.0544%1h0.004497−0.010%$535K$983K10xas long as short
Hyperliquid PUMP+0.0621%1h0.004501+0.079%$168.3M$56.0M10xas long as short
Aftermath Perps PUMPUSD+0.0863%1h0.004500+0.049%$594$114K10xas long as short
Injective PUMP/USDC PERP+0.0880%1h0.004503+0.124%$39K$204K12xas long as short
Kraken Futures PF_PUMPUSD+0.1330%1h0.004499+0.025%$1.4M$3.0M50xas long as short