Settings8H · net · $10k
Funding arb · Price arb /

PUMP

all PUMP markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC+0.0311%/8h= +34.0% APRpaid last 24h 0.000%
Price spread now: Nado against edgeX−0.294%62s7-day average +0.088% · you buy dearer than you sell
Net, funding: paid 7d − costsunder 7 days of funding history
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$560.556% of the position
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.002%$0 on $10k
Price spread, last 7 days+0.418%+$42 · spread now −0.294%, 7d avg +0.088%
Together, before fees+0.415%+ Points / potential airdropedgeX: Active · Nado: Active · farm board+$42 on $10k · with fees, hour by hour
Funding pays, the price is against you. Nado is 0.381% cheaper against edgeX than usual: you would sell low and buy high (spread −0.294% now, against its 7-day average of +0.088%). If the spread goes back, that is −$38 on $10k: about 4.1 days of funding at the current rate (+$9 a day). The two prices were read 62 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 3 days it paid -0.002% in total (about -0.3% 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.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX PUMPUSDC0.0044860.0100pay 0.0050% / 4h1h 58m$67K$3.1M20x
ShortNado PUMP-PERP0.0044720.0411get 0.0051% / 1h58m 23s$1.7M$2.0M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Nado 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

Funding earned
$65.21
Price spread: −0.294% → +0.088%
−$38.15
Slippage, 4 orders
−$39.56
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Nado: 3.5 bp × 2 orders
−$7
Net
−$28.5
Costs to cover
0.556%
Break-even
10.1 days
Slippage from edgeX: live order book, 1 min ago; Nado: live order book, just now.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 1 min ago4.47 bp31.9 bp −$3241.9 bp −$419doesn't fitdoesn't fit
Sell Nado live order book, just now1.12 bp7.7 bp −$822.2 bp −$222doesn't fitdoesn't fit

PUMP on 41 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX PUMP-USD0.0000%1h0.004479−0.144%$20K$9K5xas long as short
Perpl PUMP0.0000%43m0.004470−0.349%$18K$217K20xas long as short
gTrade (Gains Network) PUMP/USDL +0.0002% / S −0.0002%1h0.004469−0.368%$53K150xas long as short
Orderly PERP_PUMP_USDC+0.0089%4h0.004470−0.349%$42K$10K10xas long as short
Lighter PUMP+0.0096%1h0.004479−0.149%$2.9M$5.4M10xas long as short
Popdex PUMPUSDT+0.0096%1h0.004400−1.910%$27K$779K20xas long as short
Aster PUMPUSDT+0.0100%4h0.004476−0.224%$693K$2.4M50xas long as short
Pacifica PUMP+0.0100%1h0.004480−0.127%$521K$722K10xas long as short
Binance PUMPUSDT+0.0100%4h0.004470−0.349%$81.7M$167.5M75xas long as short
OKX PUMP-USDT-SWAP+0.0100%4h0.004469−0.372%$24.3M$98.1M50xas long as short
Show all 41 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Ondo Perps PUMP-USD.P+0.0100%1h0.004478−0.176%$21K$175K5xas long as short
Arcus PUMP-USD+0.0100%1h0.004472−0.305%$41K$66K10xas long as short
Gate PUMP_USDT+0.0100%4h0.004469−0.372%$4.9M$11.1M75xas long as short
KuCoin PUMPUSDTM+0.0100%4h0.004476−0.216%$23.8M$14.0M50xas long as short
Bitget PUMPUSDT+0.0100%4h0.004469−0.372%$17.6M$19.7M75xas long as short
BingX PUMP-USDT+0.0100%4h0.004467−0.416%$12.9Mas long as short
Backpack PUMP_USDC_PERP+0.0100%1h0.004483−0.051%$797K$186K5xas long as short
edgeX PUMPUSDClong+0.0100%4h0.004486long leg$67K$3.1M20x
GRVT PUMP_USDT_Perp+0.0100%4h0.004490+0.086%$1.2M$10.6M10xas long as short
ApeX Omni PUMPUSDT+0.0100%1h0.004487+0.029%$149K$751K50xas long as short
Polymarket Perps PUMP-USD+0.0100%1h0.004474−0.260%$102K$2.1M10xas long as short
Derive PUMP-PERP+0.0100%1h0.004484−0.046%$5K$13K6.7xas long as short
SunX PUMP-USDT+0.0100%4h0.004483−0.060%$2K$742K20xas long as short
SoDEX PUMP-USD+0.0100%1h0.004484−0.037%$281$7K10xas long as short
HTX PUMP-USDT+0.0100%4h0.004479−0.149%$21K$116K20xas long as short
Phemex PUMPUSDT+0.0100%4h0.004484−0.037%$2.0M$3.9M20xas long as short
Paradex PUMP-USD-PERP+0.0101%8h0.004478−0.170%$43K$2765xas long as short
Aevo PUMP-PERP+0.0104%1h0.004482−0.082%$71K$8K3xas long as short
Deribit PUMP_USDC-PERPETUAL+0.0196%1h0.004485−0.015%$71K$124K25xas long as short
GMX PUMP/USD [WBTC.b-USDC]L +0.0234% / S −0.0086%1h0.004469−0.372%$60K100xas long as short
Phoenix PUMP+0.0235%1h0.004489+0.085%$43K$91K10xas long as short
Extended PUMP-USD+0.0256%1h0.004474−0.251%$3.8M$4.2M50xas long as short
Reya PUMPRUSDPERP+0.0344%1h0.004469−0.376%$23xas long as short
01 Exchange PUMPUSD+0.0344%1h0.004476−0.216%$6K$72710xas long as short
Hyperliquid PUMP+0.0353%1h0.004475−0.238%$167.1M$55.7M10xas long as short
Nado PUMP-PERPshort+0.0411%1h0.004472−0.294%$1.7M$2.0M10x
Coinbase International PUMP-PERP-INTX+0.0448%1h0.004486+0.007%$703K$5.9M50xas long as short
RISEx PUMP/USDC+0.0544%1h0.004475−0.238%$528K$1.0M10xas long as short
Aftermath Perps PUMPUSD+0.0867%1h0.004487+0.038%$593$112K10xas long as short
Injective PUMP/USDC PERP+0.0880%1h0.004489+0.074%$39K$204K12xas long as short
Kraken Futures PF_PUMPUSD+0.1332%1h0.004491+0.121%$1.4M$3.1M50xas long as short