Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0767%/8h= +84.0% APRpaid last 24h +0.280%

Price spread now: Kraken Futures against edgeX+0.096%7-day average +0.084% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$630.630% of the position

Long on edgeX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 3 days (all we have)+0.117%+$12 · spread now +0.096%, 7d avg +0.084%

Together, before fees+0.370%+ Points / potential airdropedgeX: Active · farm board+$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.084%, so right now this pair is about funding alone: +$23 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.253% in total (about 13.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX PUMPUSDC	0.004352	0.0100	pay 0.0050% / 4h	23m 05s	$64K	$3.0M	20x
Short	Kraken Futures PF_PUMPUSD	0.004356	0.0867	get 0.0108% / 1h	23m 05s	$1.3M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.096%Rate

Funding earned: $161.1
Price spread: +0.096% → +0.084%: $1.17
Slippage, 4 orders: −$44.01
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $99.26
Costs to cover: 0.630%
Break-even: 2.7 days

Slippage from edgeX: live order book, 1 min ago; Kraken Futures: 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 edgeX live order book, 1 min ago	4.60 bp	14.9 bp −$15	18.5 bp −$185	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	6.90 bp	11.9 bp −$12	23.8 bp −$238	503.5 bp −$50.4K	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	−0.0054%	1h	0.004351	−0.018%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004347	−0.118%	$18K	$204K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004349	−0.067%	$54K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0006%	4h	0.004350	−0.049%	$22.8M	$96.5M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0015%	4h	0.004350	−0.049%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004350	−0.049%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.198%	$26K	$769K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004346	−0.130%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004348	−0.095%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004348	−0.086%	$725K	$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	0.004347	−0.118%	$454K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004350	−0.058%	$77.6M	$164.1M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004347	−0.111%	$26K	$163K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004347	−0.118%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004348	−0.095%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004353	+0.020%	$23.1M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004350	−0.049%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004349	−0.072%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004351	−0.030%	$775K	$182K	5x	as long as short
edgeX PUMPUSDClong	+0.0100%	4h	0.004352	long leg	$64K	$3.0M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004362	+0.223%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004352	−0.003%	$137K	$763K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004350	−0.049%	$94K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004351	−0.033%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004345	−0.164%	$2K	$718K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004350	−0.049%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004351	−0.026%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004352	−0.003%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004350	−0.055%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004350	−0.049%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004359	+0.149%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004350	−0.049%	$38K	$207K	12x	as long as short
Hyperliquid PUMP	+0.0184%	1h	0.004354	+0.043%	$160.1M	$53.1M	10x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004348	−0.095%	$483K	$1.0M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0210%	1h	0.004352	−0.003%	$69K	$126K	25x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004350	−0.049%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004349	−0.072%	$674K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0321% / S −0.0243%	1h	0.004348	−0.095%	$68K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004351	−0.026%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004348	−0.098%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0425%	1h	0.004357	+0.117%	$181	$106K	10x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.0867%	1h	0.004356	+0.096%	$1.3M	$3.5M	50x