Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.031%

Price spread now: edgeX against Backpack+0.072%7-day average +0.029% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on Backpack Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.204%+$20 on $10k

Price spread, last 4 days (all we have)−0.039%−$4 · spread now +0.072%, 7d avg +0.029%

Together, before fees+0.165%+ Points / potential airdropedgeX: Active · farm board+$16 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 0.043% dearer against Backpack than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack PUMP_USDC_PERP	0.004482	0.0100	pay 0.0013% / 1h	13m 05s	$798K	$172K	5x
Short	edgeX PUMPUSDC	0.004485	0.0100	get 0.0050% / 4h	3h 13m	$66K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Backpack. 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 BackpackbpFee edgeXbpOrdersPrice spread, now +0.072%Rate

Funding earned: $0
Price spread: +0.072% → +0.029%: $4.32
Slippage, 4 orders: −$31.62
Fee Backpack: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$46.29
Costs to cover: 0.506%
Break-even: never at this rate

Slippage from Backpack: live order book, 61 min ago; edgeX: live order book, 1 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 Backpack live order book, 61 min ago	1.37 bp	13.6 bp −$14	20.3 bp −$203	doesn't fit	doesn't fit
Sell edgeX live order book, 1 min ago	4.46 bp	12.8 bp −$13	15.9 bp −$159	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	−0.0652%	1h	0.004483	+0.036%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004479	−0.060%	$18K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004481	−0.016%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004481	−0.015%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0053%	4h	0.004481	−0.016%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004481	−0.016%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.823%	$28K	$774K	20x	as long as short
OKX PUMP-USDT-SWAP	+0.0099%	4h	0.004481	−0.016%	$23.6M	$98.5M	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004480	−0.027%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004483	+0.036%	$738K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004482	+0.007%	$477K	$627K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004480	−0.029%	$80.7M	$163.8M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004458	−0.533%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004480	−0.038%	$40K	$55K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004481	−0.016%	$4.8M	$10.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004485	+0.074%	$23.7M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004480	−0.038%	$17.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004480	−0.038%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERPlong	+0.0100%	1h	0.004482	long leg	$798K	$172K	5x
edgeX PUMPUSDCshort	+0.0100%	4h	0.004485	+0.072%	$66K	$3.1M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004481	−0.016%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004489	+0.163%	$141K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004485	+0.074%	$105K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004481	−0.024%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004481	−0.016%	$2K	$726K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004479	−0.060%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004475	−0.149%	$21K	$127K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004483	+0.029%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004482	+0.004%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004480	−0.049%	$3.7M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004476	−0.127%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004478	−0.083%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004491	+0.210%	$38K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004481	−0.016%	$489K	$984K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004479	−0.060%	$3.5M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004481	−0.020%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004485	+0.074%	$710K	$5.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0354% / S −0.0291%	1h	0.004480	−0.038%	$74K	—	100x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004491	+0.208%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0566%	1h	0.004489	+0.163%	$165.9M	$54.4M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0696%	1h	0.004466	−0.354%	$390	$108K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0918%	1h	0.004484	+0.060%	$1.3M	$3.1M	50x	as long as short