Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0047%/8h= +5.2% APRpaid last 24h +0.074%

Price spread now: RISEx against edgeX−0.016%55s7-day average +0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.404% of the position

Long on edgeX Short on RISEx

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.191%+$19 on $10k

Price spread, last 7 days+0.052%+$5 · spread now −0.016%, 7d avg +0.071%

Together, before fees+0.243%+ Points / potential airdropedgeX: Active · farm board+$24 on $10k · with fees, hour by hour

Funding pays, the price is against you. RISEx is 0.087% cheaper against edgeX than usual: you would sell low and buy high (spread −0.016% now, against its 7-day average of +0.071%). If the spread goes back, that is −$9 on $10k: about 6.1 days of funding at the current rate (+$1 a day). At the pace of the last 3 days (+0.191% in total) that is about 36 hours. The two prices were read 55 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	0.004315	0.0100	pay 0.0050% / 4h	1h 48m	$63K	$3.0M	20x
Short	RISEx PUMP/USDC	0.004314	0.0147	get 0.0018% / 1h	48m 38s	$488K	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

RISEx 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 RISExbpOrdersPrice spread, now −0.016%Rate

Funding earned: $9.88
Price spread: −0.016% → +0.071%: −$8.67
Slippage, 4 orders: −$25.4
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee RISEx: 3 bp × 2 orders: −$6
Net: −$39.19
Costs to cover: 0.404%
Break-even: 34.8 days

Slippage from edgeX: live order book, 5 min ago; RISEx: 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, 5 min ago	4.63 bp	14.8 bp −$15	18.5 bp −$185	doesn't fit	doesn't fit
Sell RISEx live order book, 5 min ago	2.32 bp	5.3 bp −$5	10.6 bp −$106	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	−0.5378%	1h	0.004323	+0.171%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0049%	4h	0.004313	−0.051%	$22.5M	$95.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0019%	4h	0.004316	+0.019%	$41K	$10K	10x	as long as short
Backpack PUMP_USDC_PERP	−0.0007%	1h	0.004317	+0.049%	$770K	$181K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004313	−0.051%	$20K	$205K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004320	+0.111%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004316	+0.030%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004317	+0.042%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.352%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004316	+0.020%	$41K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004311	−0.086%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004323	+0.181%	$158.3M	$52.6M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004314	−0.022%	$778K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004318	+0.065%	$447K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004314	−0.019%	$76.7M	$163.4M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004311	−0.095%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004313	−0.051%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004317	+0.042%	$4.6M	$11.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004319	+0.088%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004312	−0.074%	$17.0M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004312	−0.074%	—	$12.7M	—	as long as short
edgeX PUMPUSDClong	+0.0100%	4h	0.004315	long leg	$63K	$3.0M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004312	−0.074%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004323	+0.181%	$136K	$768K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004319	+0.088%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004318	+0.058%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004312	−0.074%	$2K	$711K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004318	+0.065%	$712	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004310	−0.120%	$21K	$143K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004316	+0.019%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004315	−0.008%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004317	+0.042%	$71K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0112%	1h	0.004316	+0.019%	$6K	$497	10x	as long as short
RISEx PUMP/USDCshort	+0.0147%	1h	0.004314	−0.016%	$488K	$1.0M	10x
Phoenix PUMP	+0.0185%	1h	0.004333	+0.422%	$40K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004321	+0.135%	$655K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0309% / S −0.0227%	1h	0.004316	+0.019%	$67K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0339%	1h	0.004318	+0.074%	$180	$106K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004319	+0.088%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004315	0.000%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004337	+0.505%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0809%	1h	0.004324	+0.209%	$1.3M	$3.5M	50x	as long as short