Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1134%/8h= −124.1% APRpaid last 24h −0.295%

Price spread now: edgeX against Kraken Futures−0.698%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$103as in the Funding arb table

Net, price: spread back to 7d avg − costs−$138as in the Price arb table

costs, in and out, $10k−$750.755% of the position

Long on Kraken Futures Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.278%−$28 on $10k

Price spread, last 3 days (all we have)+0.567%+$57 · spread now −0.698%, 7d avg −0.076%

Together, before fees+0.289%+ Points / potential airdropedgeX: Active · farm board+$29 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$34 a day on $10k at the current rate, and edgeX is 0.623% cheaper against Kraken Futures than usual: you would sell low and buy high (−$62 if the spread goes back to its 7-day average of −0.076%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.278% in total (about -14.5% 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.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PUMPUSD	0.004511	0.1234	pay 0.0154% / 1h	27m 11s	$1.3M	$3.1M	50x
Short	edgeX PUMPUSDC	0.004480	0.0100	get 0.0050% / 4h	2h 27m	$67K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Kraken Futures. 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 Kraken FuturesbpFee edgeXbpOrdersPrice spread, now −0.698%Rate

Funding earned: −$238.05
Price spread: −0.698% → −0.076%: −$62.29
Slippage, 4 orders: −$56.47
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$375.81
Costs to cover: 0.755%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; edgeX: live order book, 2 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 Kraken Futures live order book, 2 min ago	10.01 bp	24.1 bp −$24	36.4 bp −$364	doesn't fit	doesn't fit
Sell edgeX live order book, 2 min ago	4.46 bp	14.6 bp −$15	18.1 bp −$181	doesn't fit	doesn't fit

PUMP on 41 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	−0.2129%	1h	0.004500	−0.239%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004506	−0.111%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004506	−0.111%	$72K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004505	−0.126%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0070%	4h	0.004505	−0.133%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004506	−0.111%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.244%	$30K	$771K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004507	−0.078%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004508	−0.074%	$730K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004505	−0.133%	$494K	$662K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004505	−0.131%	$81.4M	$166.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004506	−0.111%	$24.3M	$98.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004495	−0.357%	$21K	$171K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004507	−0.089%	$40K	$63K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004505	−0.133%	$4.8M	$10.9M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004511	0.000%	$24.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004507	−0.089%	$17.8M	$19.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004505	−0.133%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004501	−0.218%	$797K	$185K	5x	as long as short
edgeX PUMPUSDCshort	+0.0100%	4h	0.004480	−0.698%	$67K	$3.1M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004487	−0.531%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004481	−0.665%	$139K	$754K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004511	0.000%	$104K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004505	−0.137%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004508	−0.067%	$2K	$737K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004505	−0.133%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004499	−0.266%	$22K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004505	−0.133%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004504	−0.159%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004506	−0.104%	$3.8M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004502	−0.200%	$72K	$8K	3x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004489	−0.497%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0256%	1h	0.004513	+0.044%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004509	−0.054%	$532K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004508	−0.072%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0360% / S −0.0291%	1h	0.004504	−0.156%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004512	+0.022%	$717K	$5.8M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004492	−0.422%	$39K	$203K	12x	as long as short
Hyperliquid PUMP	+0.0628%	1h	0.004516	+0.110%	$168.6M	$54.7M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0745%	1h	0.004479	−0.711%	$593	$110K	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.1234%	1h	0.004511	long leg	$1.3M	$3.1M	50x