Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0064%/8h= −7.0% APRpaid last 24h −0.033%

Price spread now: edgeX against Phoenix−0.099%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.123%−$12 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and edgeX is 0.099% cheaper against Phoenix than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PUMP	0.004380	0.0164	pay 0.0020% / 1h	33m 47s	$39K	$100K	10x
Short	edgeX PUMPUSDC	0.004375	0.0100	get 0.0050% / 4h	33m 47s	$64K	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phoenix. 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 PhoenixbpFee edgeXbpOrdersPrice spread, now −0.099%Rate

Funding earned: −$13.42
Price spread: −0.099% → 0.000%: −$9.91
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$39.33
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; edgeX: live order book, 5 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 Phoenix no order-book sample	—	—	—	—	—
Sell edgeX live order book, 5 min ago	4.57 bp	14.7 bp −$15	18.4 bp −$184	doesn't fit	doesn't fit

Phoenix: 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	−0.0005%	1h	0.004361	−0.429%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0003%	4h	0.004359	−0.475%	$22.8M	$96.5M	50x	as long as short
Perpl PUMP	0.0000%	43m	0.004359	−0.475%	$18K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004363	−0.384%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004361	−0.421%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0012%	4h	0.004361	−0.429%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004362	−0.406%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.822%	$26K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004360	−0.446%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004358	−0.486%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004361	−0.429%	$729K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004360	−0.452%	$456K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004360	−0.463%	$77.7M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004373	−0.158%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004360	−0.452%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004359	−0.475%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004364	−0.361%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004360	−0.452%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004359	−0.475%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004363	−0.393%	$777K	$181K	5x	as long as short
edgeX PUMPUSDCshort	+0.0100%	4h	0.004375	−0.099%	$64K	$3.0M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004376	−0.082%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004378	−0.041%	$138K	$764K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004361	−0.429%	$97K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004362	−0.399%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004362	−0.406%	$2K	$717K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004361	−0.429%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004356	−0.543%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004358	−0.498%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004360	−0.458%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004360	−0.452%	$72K	$18K	3x	as long as short
Phoenix PUMPlong	+0.0164%	1h	0.004380	long leg	$39K	$100K	10x
Injective PUMP/USDC PERP	+0.0182%	1h	0.004381	+0.027%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004361	−0.429%	$484K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0232%	1h	0.004362	−0.406%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004365	−0.338%	$688K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0320% / S −0.0242%	1h	0.004360	−0.452%	$68K	—	100x	as long as short
Hyperliquid PUMP	+0.0340%	1h	0.004363	−0.384%	$160.6M	$53.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004372	−0.178%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004358	−0.497%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0469%	1h	0.004378	−0.043%	$200	$105K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0865%	1h	0.004367	−0.297%	$1.3M	$3.5M	50x	as long as short