Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:12 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.046%

Price spread now: Perpl against edgeX+0.043%66s7-day average +0.024% · you sell dearer than you buy

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

Long on edgeX Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.166%−$17 on $10k

Price spread, last 3 days (all we have)+0.212%+$21 · spread now +0.043%, 7d avg +0.024%

Together, before fees+0.046%+ Points / potential airdropedgeX: Active · Perpl: Active · farm board+$5 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.024%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. The two prices were read 66 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	0.004481	0.0100	pay 0.0050% / 4h	3h 05m	$66K	$3.1M	20x
Short	Perpl PUMP	0.004483	0	get 0.0000% / 43m	27m 47s	$18K	$201K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now +0.043%Rate

Funding earned: −$21
Price spread: +0.043% → +0.024%: $1.87
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$41.93
Costs to cover: 0.228%
Break-even: never at this rate

Slippage unknown: edgeX: live order book, 3 min ago; Perpl: 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, 3 min ago	4.47 bp	14.4 bp −$14	18.1 bp −$181	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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	−0.1754%	1h	0.004487	+0.132%	$21K	$9K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004483	+0.043%	$18K	$201K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004487	+0.132%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004487	+0.121%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0053%	4h	0.004486	+0.110%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004492	+0.244%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.809%	$27K	$771K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004482	+0.032%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004491	+0.231%	$718K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004488	+0.154%	$480K	$639K	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	0.004486	+0.110%	$80.9M	$163.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004485	+0.087%	$23.6M	$98.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004475	−0.127%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004484	+0.065%	$41K	$57K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004486	+0.110%	$4.9M	$10.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004490	+0.199%	$23.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004484	+0.065%	$18.0M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004486	+0.110%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004492	+0.241%	$800K	$172K	5x	as long as short
edgeX PUMPUSDClong	+0.0100%	4h	0.004481	long leg	$66K	$3.1M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004476	−0.114%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004477	−0.091%	$141K	$760K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004492	+0.244%	$108K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004486	+0.107%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004489	+0.177%	$2K	$724K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004492	+0.244%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004480	−0.024%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004489	+0.177%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004485	+0.080%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004484	+0.074%	$3.7M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004485	+0.087%	$72K	$11K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004482	+0.020%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004498	+0.380%	$39K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004484	+0.069%	$489K	$995K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004486	+0.110%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004488	+0.147%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004495	+0.311%	$700K	$5.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0356% / S −0.0294%	1h	0.004487	+0.132%	$74K	—	100x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004481	−0.002%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0582%	1h	0.004492	+0.244%	$166.4M	$53.7M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0706%	1h	0.004481	−0.002%	$392	$109K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0915%	1h	0.004498	+0.367%	$1.3M	$3.0M	50x	as long as short