Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0340%/8h= +37.2% APRpaid last 24h +0.029%

Price spread now: Coinbase International against edgeX+0.046%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$540.543% of the position

Long on edgeX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 4 days (all we have)−0.065%−$6 · spread now +0.046%, 7d avg +0.042%

Together, before fees−0.036%+ Points / potential airdropedgeX: Active · farm board−$4 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.042%, so right now this pair is about funding alone: +$10 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% 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	edgeX PUMPUSDC	0.004369	0.0100	pay 0.0050% / 4h	40m 39s	$65K	$3.2M	20x
Short	Coinbase International PUMP-PERP-INTX	0.004371	0.0440	get 0.0055% / 1h	40m 39s	$692K	$5.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against edgeX. 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 edgeXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.046%Rate

Funding earned: $71.4
Price spread: +0.046% → +0.042%: $0.42
Slippage, 4 orders: −$35.32
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $17.51
Costs to cover: 0.543%
Break-even: 5.3 days

Slippage from edgeX: live order book, 3 min ago; Coinbase International: live order book, 3 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 edgeX live order book, 3 min ago	3.43 bp	10.0 bp −$10	12.8 bp −$128	doesn't fit	doesn't fit
Sell Coinbase International live order book, 3 min ago	4.56 bp	13.6 bp −$14	20.4 bp −$204	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
Backpack PUMP_USDC_PERP	−0.0129%	1h	0.004368	−0.016%	$774K	$201K	5x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004375	+0.141%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004363	−0.137%	$18K	$235K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004366	−0.072%	$52K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004377	+0.183%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.579%	$26K	$823K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004364	−0.103%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004373	+0.097%	$683K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004376	+0.160%	$488K	$820K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004376	+0.160%	$79.6M	$174.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004375	+0.137%	$23.9M	$97.0M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004367	−0.055%	$36K	$186K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004376	+0.160%	$61K	$102K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004372	+0.069%	$4.8M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004375	+0.137%	$23.4M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004376	+0.160%	$17.5M	$20.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004372	+0.069%	—	$13.0M	—	as long as short
edgeX PUMPUSDClong	+0.0100%	4h	0.004369	long leg	$65K	$3.2M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004366	−0.069%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004368	−0.023%	$145K	$753K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004369	0.000%	$98K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004366	−0.069%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004367	−0.051%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004365	−0.091%	$2K	$771K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004367	−0.046%	$274	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004361	−0.183%	$21K	$112K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004368	−0.023%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004376	+0.171%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004364	−0.114%	$70K	$8K	3x	as long as short
Extended PUMP-USD	+0.0160%	1h	0.004374	+0.123%	$3.8M	$4.3M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004364	−0.114%	$59K	—	100x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0208%	1h	0.004368	−0.023%	$69K	$124K	25x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004379	+0.229%	$6K	$727	10x	as long as short
Hyperliquid PUMP	+0.0317%	1h	0.004382	+0.298%	$163.6M	$56.4M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004366	−0.069%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004363	−0.143%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004367	−0.046%	$42K	$120K	10x	as long as short
Coinbase International PUMP-PERP-INTXshort	+0.0440%	1h	0.004371	+0.046%	$692K	$5.8M	50x
RISEx PUMP/USDC	+0.0570%	1h	0.004378	+0.206%	$520K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004380	+0.252%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0811%	1h	0.004370	+0.022%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0866%	1h	0.004369	+0.005%	$577	$115K	10x	as long as short