Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: edgeX against Popdex+2.283%59s7-day average +1.311% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

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

costs, in and out, $10k−$610.614% of the position

Long on Popdex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.005%+$1 on $10k

Price spread, last 4 days (all we have)−1.690%−$169 · spread now +2.283%, 7d avg +1.311%

Together, before fees−1.685%+ Points / potential airdropedgeX: Active · farm board−$169 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: edgeX is 0.972% dearer against Popdex than usual: you sell high and buy low, +$97 on $10k if it goes back to its 7-day average of +1.311%. The two prices were read 59 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	Popdex PUMPUSDT	0.004200	0.0096	pay 0.0012% / 1h	44m 09s	$28K	$774K	20x
Short	edgeX PUMPUSDC	0.004296	0.0100	get 0.0050% / 4h	2h 44m	$63K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Popdex. 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 PopdexbpFee edgeXbpOrdersPrice spread, now +2.283%Rate

Funding earned: $0.84
Price spread: +2.283% → +1.311%: $97.23
Slippage, 4 orders: −$46.03
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $36.63
Costs to cover: 0.614%
Break-even: from the start

Slippage from Popdex: live order book, 45 min ago; edgeX: live order book, 5 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 Popdex live order book, 45 min ago	4.64 bp	16.7 bp −$17	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 5 min ago	3.48 bp	13.9 bp −$14	17.5 bp −$175	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	−0.2741%	1h	0.004299	+2.356%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0558%	1h	0.004299	+2.360%	$769K	$184K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0072%	4h	0.004299	+2.357%	$22.5M	$94.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0015%	4h	0.004298	+2.333%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004293	+2.214%	$19K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004300	+2.381%	$68K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004299	+2.349%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0090%	4h	0.004300	+2.381%	$4.6M	$11.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004300	+2.381%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDTlong	+0.0096%	1h	0.004200	long leg	$28K	$774K	20x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004294	+2.237%	$41K	—	5x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004303	+2.452%	$157.3M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004296	+2.277%	$780K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004295	+2.262%	$446K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004301	+2.404%	$76.3M	$164.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004293	+2.224%	$25K	$182K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004294	+2.238%	$41K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004302	+2.429%	$22.7M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004300	+2.381%	$16.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004300	+2.381%	—	$12.8M	—	as long as short
edgeX PUMPUSDCshort	+0.0100%	4h	0.004296	+2.283%	$63K	$3.1M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004297	+2.305%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004297	+2.310%	$136K	$767K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004293	+2.226%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004299	+2.357%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004299	+2.359%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004298	+2.333%	$1K	$708K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004297	+2.310%	$709	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004292	+2.190%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004301	+2.405%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004297	+2.310%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004298	+2.333%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004295	+2.267%	$489K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004300	+2.393%	$38K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0136%	1h	0.004295	+2.262%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004300	+2.381%	$652K	$5.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0303%	1h	0.004303	+2.441%	$179	$107K	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004298	+2.333%	$66K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004293	+2.214%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004297	+2.317%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+2.952%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0690%	1h	0.004305	+2.490%	$1.3M	$3.5M	50x	as long as short