Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0684%/8h= −74.9% APRpaid last 24h −0.070%

Price spread now: edgeX against RISEx−0.203%56s7-day average −0.063% · you buy dearer than you sell

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−$370.367% of the position

Long on RISEx Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)−0.233%−$23 on $10k

Price spread, last 7 days+0.136%+$14 · spread now −0.203%, 7d avg −0.063%

Together, before fees−0.097%+ Points / potential airdropedgeX: Active · farm board−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and edgeX is 0.140% cheaper against RISEx than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.063%). Swap the legs. The two prices were read 56 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.233% in total (about -22.7% 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	RISEx PUMP/USDC	0.004570	0.0784	pay 0.0098% / 1h	0m 21s	$532K	$1.1M	10x
Short	edgeX PUMPUSDC	0.004561	0.0100	get 0.0050% / 4h	0m 21s	$67K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against RISEx. 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 RISExbpFee edgeXbpOrdersPrice spread, now −0.203%Rate

Funding earned: −$143.71
Price spread: −0.203% → −0.063%: −$13.99
Slippage, 4 orders: −$21.74
Fee RISEx: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$194.44
Costs to cover: 0.367%
Break-even: never at this rate

Slippage from RISEx: live order book, 3 min ago; edgeX: live order book, 4 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 RISEx live order book, 3 min ago	1.10 bp	4.1 bp −$4	11.8 bp −$118	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	4.39 bp	10.8 bp −$11	13.5 bp −$135	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	0.0000%	1h	0.004570	−0.003%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004568	−0.055%	$18K	$272K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004567	−0.073%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0018%	4h	0.004566	−0.098%	$4.9M	$10.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004574	+0.077%	$3.0M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.543%	$30K	$662K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004569	−0.041%	$863K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004572	+0.033%	$524K	$875K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004569	−0.023%	$83.6M	$176.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004566	−0.098%	$25.0M	$104.1M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004575	+0.107%	$27K	$164K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004571	+0.011%	$45K	$135K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004571	+0.011%	$24.8M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004567	−0.077%	$17.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004568	−0.055%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004573	+0.057%	$820K	$208K	5x	as long as short
edgeX PUMPUSDCshort	+0.0100%	4h	0.004561	−0.203%	$67K	$3.2M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004563	−0.168%	$1.3M	$11.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004561	−0.208%	$162K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004568	−0.055%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004567	−0.077%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004569	−0.041%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004568	−0.055%	$2K	$786K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004568	−0.055%	$253	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004565	−0.120%	$22K	$79K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004572	+0.033%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004573	+0.046%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004572	+0.042%	$3.8M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004564	−0.142%	$68K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0205%	1h	0.004574	+0.077%	$171.1M	$51.1M	10x	as long as short
Nado PUMP-PERP	+0.0221%	1h	0.004569	−0.022%	$1.7M	$2.1M	10x	as long as short
Injective PUMP/USDC PERP	+0.0279%	1h	0.004567	−0.077%	$38K	$204K	12x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004574	+0.077%	$6K	$600	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0274%	1h	0.004567	−0.077%	$65K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004571	+0.011%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004569	−0.035%	$2	—	3x	as long as short
Phoenix PUMP	+0.0410%	1h	0.004567	−0.081%	$44K	$139K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0440%	1h	0.004572	+0.029%	$1.1M	$3.5M	50x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0536%	1h	0.004578	+0.164%	$739K	$6.1M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0626%	1h	0.004569	−0.033%	$70K	$116K	25x	as long as short
RISEx PUMP/USDClong	+0.0784%	1h	0.004570	long leg	$532K	$1.1M	10x
Aftermath Perps PUMPUSD	+0.0990%	1h	0.004574	+0.068%	$706	$112K	10x	as long as short