Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.4279%/8h= +468.5% APRpaid last 24h +0.273%

Price spread now: edgeX against dYdX−0.138%51s7-day average — · you buy dearer than you sell

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

Long on dYdX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

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

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

Funding pays, the price is against you. edgeX is 0.138% cheaper against dYdX than usual: you would sell low and buy high (spread −0.138% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 3 hours of funding at the current rate (+$128 a day). The two prices were read 51 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	dYdX PUMP-USD	0.004501	−0.4179	get 0.0522% / 1h	4m 18s	$21K	$9K	5x
Short	edgeX PUMPUSDC	0.004495	0.0100	get 0.0050% / 4h	2h 04m	$67K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against dYdX. 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 dYdXbpFee edgeXbpOrdersPrice spread, now −0.138%Rate

Funding earned: $898.52
Price spread: −0.138% → 0.000%: −$13.83
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $865.69
Costs to cover: 0.190%
Break-even: 0.3 days

Slippage unknown: dYdX: no order-book sample; edgeX: live order book, 5 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 dYdX no order-book sample	—	—	—	—	—
Sell edgeX live order book, 5 min ago	4.46 bp	16.0 bp −$16	20.2 bp −$202	doesn't fit	doesn't fit

dYdX: 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 41 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-USDlong	−0.4179%	1h	0.004501	long leg	$21K	$9K	5x
Perpl PUMP	0.0000%	43m	0.004498	−0.071%	$18K	$214K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004490	−0.249%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004497	−0.104%	$56K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0089%	4h	0.004489	−0.271%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004493	−0.182%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.026%	$30K	$780K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004501	+0.007%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004501	−0.007%	$697K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004503	+0.040%	$525K	$717K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004495	−0.130%	$82.2M	$167.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004488	−0.293%	$24.5M	$98.7M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004485	−0.353%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004502	+0.018%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004498	−0.071%	$4.9M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004504	+0.062%	$24.0M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004490	−0.249%	$17.7M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004497	−0.093%	—	$13.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004487	−0.320%	$798K	$186K	5x	as long as short
edgeX PUMPUSDCshort	+0.0100%	4h	0.004495	−0.138%	$67K	$3.1M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004485	−0.360%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004497	−0.093%	$150K	$750K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004505	+0.085%	$99K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004490	−0.256%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004497	−0.093%	$2K	$743K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004491	−0.226%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004487	−0.315%	$21K	$116K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004493	−0.182%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004502	+0.008%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004488	−0.293%	$72K	$8K	3x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004498	−0.075%	$43K	$103K	10x	as long as short
Extended PUMP-USD	+0.0240%	1h	0.004488	−0.282%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004505	+0.085%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004504	+0.074%	$532K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004501	−0.010%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0350% / S −0.0278%	1h	0.004495	−0.138%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004501	−0.004%	$711K	$5.9M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004511	+0.218%	$39K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0723%	1h	0.004508	+0.151%	$169.0M	$55.3M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0867%	1h	0.004497	−0.099%	$594	$112K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1238%	1h	0.004496	−0.106%	$1.4M	$3.1M	50x	as long as short