Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.019%

Price spread now: Deribit against edgeX−0.077%7-day average +0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$69as in the Price arb table

costs, in and out, $10k−$580.583% of the position

Long on edgeX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.227%−$23 on $10k

Price spread, last 4 days (all we have)+0.163%+$16 · spread now −0.077%, 7d avg +0.029%

Together, before fees−0.064%+ Points / potential airdropedgeX: Active · farm board−$6 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.106% cheaper against edgeX than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of +0.029%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PUMPUSDC	0.004453	0.0100	pay 0.0050% / 4h	3h 28m	$66K	$3.2M	20x
Short	Deribit PUMP_USDC-PERPETUAL	0.004450	0	get 0.0000% / 1h	28m 45s	$71K	$122K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$21
Price spread: −0.077% → +0.029%: −$10.62
Slippage, 4 orders: −$42.27
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$89.9
Costs to cover: 0.583%
Break-even: never at this rate

Slippage from edgeX: live order book, 5 min ago; Deribit: live order book, 20 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, 5 min ago	4.50 bp	11.0 bp −$11	13.9 bp −$139	doesn't fit	doesn't fit
Sell Deribit live order book, 20 min ago	8.98 bp	16.9 bp −$17	27.0 bp −$270	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	−0.3621%	1h	0.004452	−0.030%	$20K	$11K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004450	−0.077%	$18K	$240K	20x	as long as short
Deribit PUMP_USDC-PERPETUALshort	0.0000%	1h	0.004450	−0.077%	$71K	$122K	25x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004450	−0.070%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0044%	4h	0.004450	−0.077%	$4.9M	$10.5M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004454	+0.012%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.200%	$30K	$673K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004454	+0.024%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004453	−0.010%	$712K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004453	−0.010%	$494K	$824K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004452	−0.036%	$81.1M	$170.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004447	−0.145%	$24.3M	$97.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004443	−0.239%	$31K	$187K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004452	−0.033%	$62K	$99K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004454	+0.012%	$23.9M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004448	−0.122%	$17.5M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004450	−0.077%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004452	−0.042%	$794K	$208K	5x	as long as short
edgeX PUMPUSDClong	+0.0100%	4h	0.004453	long leg	$66K	$3.2M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004452	−0.033%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004459	+0.125%	$148K	$745K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004455	+0.035%	$106K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004450	−0.077%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004449	−0.094%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004450	−0.077%	$2K	$759K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004452	−0.033%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004445	−0.190%	$21K	$103K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004452	−0.033%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004450	−0.083%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004449	−0.100%	$66K	$13K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004450	−0.077%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0320%	1h	0.004447	−0.141%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004456	+0.057%	$3.6M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004442	−0.262%	$42K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004451	−0.062%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0352%	1h	0.004454	+0.012%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004458	+0.102%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004455	+0.035%	$715K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0541%	1h	0.004458	+0.102%	$166.9M	$53.8M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004452	−0.033%	$529K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0658%	1h	0.004454	+0.022%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1011%	1h	0.004446	−0.166%	$317	$111K	10x	as long as short