Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:20 UTC+0.0212%/8h= +23.2% APRpaid last 24h +0.045%

Price spread now: edgeX against Perpl+0.150%66s7-day average −0.020% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Perpl Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.163%+$16 on $10k

Price spread, last 3 days (all we have)−0.448%−$45 · spread now +0.150%, 7d avg −0.020%

Together, before fees−0.285%+ Points / potential airdropPerpl: Active · edgeX: Active · farm board−$29 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and edgeX is 0.171% dearer against Perpl than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of −0.020%. The two prices were read 66 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	Perpl PUMP	0.004328	−0.0112	get 0.0010% / 43m	2m 52s	$20K	$206K	20x
Short	edgeX PUMPUSDC	0.004335	0.0100	get 0.0050% / 4h	2h 15m	$63K	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Perpl. 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 PerplbpFee edgeXbpOrdersPrice spread, now +0.150%Rate

Funding earned: $44.44
Price spread: +0.150% → −0.020%: $17.06
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $38.71
Costs to cover: 0.228%
Break-even: 0.9 days

Slippage unknown: Perpl: no order-book sample; edgeX: live order book, 3 min ago. Net counts fees only.

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 Perpl no order-book sample	—	—	—	—	—
Sell edgeX live order book, 3 min ago	3.46 bp	13.9 bp −$14	17.4 bp −$174	doesn't fit	doesn't fit

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.4970%	1h	0.004335	+0.160%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0222%	1h	0.004329	+0.030%	$772K	$183K	5x	as long as short
Perpl PUMPlong	−0.0112%	43m	0.004328	long leg	$20K	$206K	20x
OKX PUMP-USDT-SWAP	−0.0069%	4h	0.004327	−0.023%	$22.6M	$95.9M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0024%	4h	0.004330	+0.046%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004333	+0.116%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004332	+0.104%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0072%	4h	0.004330	+0.046%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0088%	1h	0.004330	+0.046%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004327	−0.023%	$2.9M	$5.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.647%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004330	+0.046%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004330	+0.035%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004333	+0.116%	$158.8M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004330	+0.040%	$785K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004332	+0.092%	$449K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004325	−0.069%	$76.8M	$164.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004331	+0.079%	$25K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004330	+0.046%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004330	+0.046%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004326	−0.046%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004327	−0.023%	—	$12.7M	—	as long as short
edgeX PUMPUSDCshort	+0.0100%	4h	0.004335	+0.150%	$63K	$3.0M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004335	+0.163%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004342	+0.323%	$137K	$769K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004333	+0.116%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004331	+0.073%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004331	+0.069%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004329	+0.023%	$714	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004325	−0.069%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004331	+0.069%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004330	+0.045%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004328	0.000%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004333	+0.104%	$492K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004348	+0.471%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004343	+0.347%	$659K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0225%	1h	0.004330	+0.046%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004332	+0.092%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0343%	1h	0.004336	+0.179%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004328	+0.007%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.092%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0685%	1h	0.004335	+0.156%	$1.3M	$3.5M	50x	as long as short