Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against edgeX−0.093%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$90as in the Funding arb table

Net, price: spread back to 7d avg − costs−$103as in the Price arb table

costs, in and out, $10k−$940.936% of the position

Long on edgeX Short on Phemex

What this pair did over the last

the charts below follow

Funding, last 7 days+0.041%+$4 on $10k

Price spread, last 4 days (all we have)+0.231%+$23 · spread now −0.093%, 7d avg +0.004%

Together, before fees+0.272%+ Points / potential airdropedgeX: Active · farm board+$27 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.097% cheaper against edgeX than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PUMPUSDC	0.004511	0.0100	pay 0.0050% / 4h	1h 03m	$66K	$3.2M	20x
Short	Phemex PUMPUSDT	0.004507	0.0100	get 0.0050% / 4h	1h 03m	$2.0M	$3.9M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now −0.093%Rate

Funding earned: $0
Price spread: −0.093% → +0.004%: −$9.69
Slippage, 4 orders: −$72.62
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$103.32
Costs to cover: 0.936%
Break-even: never at this rate

Slippage from edgeX: live order book, 1 min ago; Phemex: live order book, 5 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, 1 min ago	4.44 bp	19.4 bp −$19	24.5 bp −$245	doesn't fit	doesn't fit
Sell Phemex live order book, 5 min ago	7.73 bp	33.4 bp −$33	doesn't fit	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	−0.0005%	1h	0.004504	−0.159%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004505	−0.137%	$18K	$268K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004506	−0.122%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0072%	4h	0.004501	−0.226%	$5.0M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004506	−0.115%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.248%	$29K	$647K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004504	−0.150%	$824K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004505	−0.137%	$531K	$859K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004506	−0.117%	$82.5M	$172.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004504	−0.159%	$24.8M	$98.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004503	−0.193%	$27K	$150K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004503	−0.181%	$65K	$100K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004508	−0.071%	$24.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004504	−0.159%	$17.7M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004505	−0.137%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004507	−0.088%	$807K	$200K	5x	as long as short
edgeX PUMPUSDClong	+0.0100%	4h	0.004511	long leg	$66K	$3.2M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004507	−0.086%	$1.3M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004512	+0.018%	$152K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004506	−0.115%	$104K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004506	−0.115%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004506	−0.119%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004505	−0.137%	$2K	$770K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004506	−0.115%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004502	−0.204%	$21K	$83K	20x	as long as short
Phemex PUMPUSDTshort	+0.0100%	4h	0.004507	−0.093%	$2.0M	$3.9M	20x
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004503	−0.191%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004500	−0.243%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004504	−0.159%	$67K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0194%	1h	0.004508	−0.071%	$69K	$116K	25x	as long as short
Nado PUMP-PERP	+0.0205%	1h	0.004501	−0.215%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0303% / S −0.0274%	1h	0.004505	−0.137%	$64K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0312%	1h	0.004504	−0.159%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004510	−0.026%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004503	−0.187%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004512	+0.025%	$47K	$139K	10x	as long as short
Hyperliquid PUMP	+0.0492%	1h	0.004507	−0.093%	$168.5M	$51.1M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004519	+0.173%	$728K	$5.9M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0548%	1h	0.004508	−0.081%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0564%	1h	0.004530	+0.417%	$38K	$205K	12x	as long as short
RISEx PUMP/USDC	+0.0764%	1h	0.004504	−0.159%	$537K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1005%	1h	0.004518	+0.153%	$500	$112K	10x	as long as short