Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.032%

Price spread now: Backpack against edgeX+0.240%7-day average −0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$22as in the Price arb table

costs, in and out, $10k−$490.493% of the position

Long on edgeX Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days−0.202%−$20 on $10k

Price spread, last 4 days (all we have)+0.073%+$7 · spread now +0.240%, 7d avg −0.033%

Together, before fees−0.129%+ 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: Backpack is 0.272% dearer against edgeX than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PUMPUSDC	0.004390	0.0100	pay 0.0050% / 4h	56m 19s	$65K	$3.0M	20x
Short	Backpack PUMP_USDC_PERP	0.004400	0.0100	get 0.0013% / 1h	56m 19s	$784K	$183K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.240%Rate

Funding earned: $0
Price spread: +0.240% → −0.033%: $27.24
Slippage, 4 orders: −$30.29
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$22.05
Costs to cover: 0.493%
Break-even: never at this rate

Slippage from edgeX: live order book, 3 min ago; Backpack: live order book, 23 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, 3 min ago	4.55 bp	11.2 bp −$11	13.9 bp −$139	doesn't fit	doesn't fit
Sell Backpack live order book, 23 min ago	1.50 bp	10.9 bp −$11	19.4 bp −$194	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
OKX PUMP-USDT-SWAP	−0.0022%	4h	0.004397	+0.167%	$23.0M	$97.2M	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004400	+0.235%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004400	+0.235%	$18K	$204K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004407	+0.395%	$70K	$126K	25x	as long as short
Orderly PERP_PUMP_USDC	+0.0002%	4h	0.004398	+0.190%	$41K	$10K	10x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004398	+0.195%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004400	+0.235%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	+0.235%	$29K	$765K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004400	+0.234%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004399	+0.224%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004401	+0.255%	$783K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004401	+0.258%	$458K	$605K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004399	+0.213%	$78.4M	$164.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004399	+0.203%	$26K	$176K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004402	+0.281%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004397	+0.167%	$4.7M	$11.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004402	+0.281%	$23.3M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004397	+0.167%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004399	+0.213%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERPshort	+0.0100%	1h	0.004400	+0.240%	$784K	$183K	5x
edgeX PUMPUSDClong	+0.0100%	4h	0.004390	long leg	$65K	$3.0M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004389	−0.015%	$1.2M	$9.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004393	+0.076%	$139K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004403	+0.304%	$98K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004399	+0.207%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004407	+0.395%	$2K	$716K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004404	+0.326%	$289	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004404	+0.326%	$22K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004404	+0.326%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004399	+0.205%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004398	+0.190%	$72K	$18K	3x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004398	+0.190%	$39K	$207K	12x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004394	+0.110%	$39K	$100K	10x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004402	+0.285%	$490K	$1.0M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004411	+0.486%	$692K	$5.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0318% / S −0.0239%	1h	0.004398	+0.190%	$69K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0336%	1h	0.004404	+0.326%	$6K	$497	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004405	+0.349%	$3.5M	$3.9M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004399	+0.210%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0429%	1h	0.004386	−0.074%	$182	$106K	10x	as long as short
Hyperliquid PUMP	+0.0671%	1h	0.004407	+0.395%	$162.2M	$52.8M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0857%	1h	0.004409	+0.446%	$1.3M	$3.5M	50x	as long as short