Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Derive against edgeX−0.201%74s7-day average — · you buy dearer than you sell

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

Long on edgeX Short on Derive

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.201% cheaper against edgeX than usual: you would sell low and buy high, −$20 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 74 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	edgeX PUMPUSDC	0.004488	0.0100	pay 0.0050% / 4h	2h 54m	$66K	$3.1M	20x
Short	Derive PUMP-PERP	0.004479	0.0100	get 0.0013% / 1h	54m 12s	$5K	$13K	6.7x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive 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 DerivebpOrdersPrice spread, now −0.201%Rate

Funding earned: $0
Price spread: −0.201% → 0.000%: −$20.08
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Derive: 3 bp × 2 orders: −$6
Net: −$35.08
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 5 min ago; Derive: no order-book sample. 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 edgeX live order book, 5 min ago	4.47 bp	21.1 bp −$21	26.7 bp −$267	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	0.0000%	1h	0.004480	−0.167%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004478	−0.214%	$18K	$237K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004481	−0.147%	$70K	$117K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004478	−0.214%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0082%	4h	0.004476	−0.259%	$4.9M	$10.3M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004484	−0.081%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.952%	$28K	$632K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004481	−0.136%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004481	−0.142%	$712K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004481	−0.147%	$537K	$763K	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	0.004482	−0.125%	$81.7M	$164.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004480	−0.170%	$24.6M	$94.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004497	+0.209%	$32K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004481	−0.147%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004484	−0.081%	$24.1M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004481	−0.147%	$17.7M	$18.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004478	−0.214%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004480	−0.163%	$801K	$203K	5x	as long as short
edgeX PUMPUSDClong	+0.0100%	4h	0.004488	long leg	$66K	$3.1M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004496	+0.186%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004488	+0.009%	$151K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004483	−0.103%	$109K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004480	−0.170%	$42K	$11K	10x	as long as short
Derive PUMP-PERPshort	+0.0100%	1h	0.004479	−0.201%	$5K	$13K	6.7x
SunX PUMP-USDT	+0.0100%	4h	0.004479	−0.192%	$2K	$737K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004482	−0.125%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004475	−0.281%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004479	−0.192%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0104%	8h	0.004482	−0.121%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004477	−0.237%	$66K	$10K	3x	as long as short
Extended PUMP-USD	+0.0232%	1h	0.004479	−0.186%	$3.9M	$3.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004476	−0.259%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0336%	1h	0.004482	−0.125%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004482	−0.125%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004485	−0.058%	$46K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004479	−0.197%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004485	−0.058%	$718K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0530%	1h	0.004486	−0.036%	$168.1M	$48.2M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004498	+0.231%	$39K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004482	−0.125%	$533K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0816%	1h	0.004484	−0.081%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1118%	1h	0.004483	−0.100%	$519	$104K	10x	as long as short