Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0244%/8h= −26.7% APRpaid last 24h −0.073%

Price spread now: edgeX against Reya+0.338%7-day average — · you sell dearer than you buy

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

Long on Reya Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · edgeX: Active · farm boardneeds both histories

The price spread pays, funding is against you. edgeX is 0.338% dearer against Reya than usual: you sell high and buy low (spread +0.338% now, against zero (this spread has no 7-day history yet)): +$34 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 4.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya PUMPRUSDPERP	0.004403	0.0344	pay 0.0043% / 1h	5m 35s	$2	—	3x
Short	edgeX PUMPUSDC	0.004418	0.0100	get 0.0050% / 4h	1h 05m	$65K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Reya. 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 ReyabpFee edgeXbpOrdersPrice spread, now +0.338%Rate

Funding earned: −$51.14
Price spread: +0.338% → 0.000%: $33.81
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$32.33
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: Reya: no order-book sample; edgeX: live order book, 3 min ago. 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 Reya no order-book sample	—	—	—	—	—
Sell edgeX live order book, 3 min ago	14.69 bp	19.2 bp −$19	23.4 bp −$234	doesn't fit	doesn't fit

Reya: 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
Perpl PUMP	−0.0112%	43m	0.004404	+0.029%	$18K	$231K	20x	as long as short
dYdX PUMP-USD	−0.0007%	1h	0.004401	−0.037%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004402	−0.017%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004404	+0.025%	$52K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004401	−0.039%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.062%	$31K	$795K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004399	−0.094%	$692K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004400	−0.062%	$478K	$786K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004405	+0.056%	$80.0M	$171.4M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004406	+0.074%	$23.9M	$97.4M	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	0.004422	+0.445%	$36K	$190K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004407	+0.097%	$60K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004397	−0.130%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004404	+0.029%	$23.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004405	+0.052%	$17.5M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004401	−0.039%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004400	−0.057%	$783K	$191K	5x	as long as short
edgeX PUMPUSDCshort	+0.0100%	4h	0.004418	+0.338%	$65K	$3.1M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004437	+0.768%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004437	+0.778%	$148K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004408	+0.120%	$101K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004402	−0.017%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004402	−0.023%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004401	−0.039%	$2K	$757K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004402	−0.017%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004398	−0.107%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004401	−0.039%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004402	−0.027%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004397	−0.130%	$70K	$11K	3x	as long as short
Nado PUMP-PERP	+0.0112%	1h	0.004407	+0.108%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004403	+0.006%	$59K	—	100x	as long as short
Extended PUMP-USD	+0.0232%	1h	0.004402	−0.008%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0288%	1h	0.004410	+0.165%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004441	+0.860%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004415	+0.279%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERPlong	+0.0344%	1h	0.004403	long leg	$2	—	3x
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004408	+0.120%	$690K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0454%	1h	0.004407	+0.097%	$164.8M	$56.0M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004409	+0.135%	$524K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0878%	1h	0.004441	+0.861%	$586	$116K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004439	+0.824%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.1358%	1h	0.004405	+0.040%	$1.1M	$3.4M	50x	as long as short