Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: edgeX against Popdex+0.728%59s7-day average +1.329% · you sell dearer than you buy

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−$570.567% of the position

Long on Popdex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.003%$0 on $10k

Price spread, last 4 days (all we have)−0.134%−$13 · spread now +0.728%, 7d avg +1.329%

Together, before fees−0.131%+ Points / potential airdropedgeX: Active · farm board−$13 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: edgeX is 0.601% cheaper against Popdex than usual: you would sell low and buy high, −$60 on $10k if it goes back to its 7-day average of +1.329%. The two prices were read 59 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	Popdex PUMPUSDT	0.004400	0.0096	pay 0.0012% / 1h	20m 36s	$29K	$783K	20x
Short	edgeX PUMPUSDC	0.004432	0.0100	get 0.0050% / 4h	20m 36s	$65K	$3.2M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Popdex. 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 PopdexbpFee edgeXbpOrdersPrice spread, now +0.728%Rate

Funding earned: $0.84
Price spread: +0.728% → +1.329%: −$60.13
Slippage, 4 orders: −$41.28
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$115.97
Costs to cover: 0.567%
Break-even: 973.4 days

Slippage from Popdex: live order book, 38 min ago; edgeX: live order book, 3 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 Popdex live order book, 38 min ago	2.27 bp	14.9 bp −$15	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	3.38 bp	9.9 bp −$10	12.8 bp −$128	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	−0.2697%	1h	0.004436	+0.822%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004425	+0.568%	$18K	$238K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004428	+0.635%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004433	+0.750%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDTlong	+0.0096%	1h	0.004400	long leg	$29K	$783K	20x
Nado PUMP-PERP	+0.0100%	1h	0.004429	+0.670%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004432	+0.732%	$703K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004431	+0.705%	$494K	$813K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004427	+0.623%	$80.7M	$174.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004423	+0.523%	$24.0M	$98.1M	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	0.004441	+0.920%	$31K	$191K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004430	+0.682%	$62K	$102K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004427	+0.614%	$4.9M	$11.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004434	+0.773%	$23.7M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004427	+0.614%	$17.5M	$20.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004429	+0.659%	—	$13.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004430	+0.682%	$789K	$204K	5x	as long as short
edgeX PUMPUSDCshort	+0.0100%	4h	0.004432	+0.728%	$65K	$3.2M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004430	+0.679%	$1.2M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004436	+0.818%	$147K	$756K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004430	+0.682%	$102K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004428	+0.636%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004427	+0.612%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004429	+0.659%	$2K	$773K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004431	+0.705%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004425	+0.568%	$21K	$110K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004433	+0.750%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004430	+0.683%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004426	+0.591%	$71K	$8K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0202%	1h	0.004430	+0.682%	$70K	$122K	25x	as long as short
Extended PUMP-USD	+0.0232%	1h	0.004428	+0.644%	$3.9M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004430	+0.682%	$6K	$625	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004427	+0.614%	$53K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004430	+0.682%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004428	+0.630%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004436	+0.823%	$42K	$120K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004440	+0.909%	$703K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0466%	1h	0.004439	+0.886%	$166.4M	$55.6M	10x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004431	+0.708%	$526K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004432	+0.727%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0799%	1h	0.004433	+0.756%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0949%	1h	0.004427	+0.603%	$585	$114K	10x	as long as short