Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:31 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.049%

Price spread now: edgeX against Perpl+0.081%7-day average −0.010% · you sell dearer than you buy

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

Long on Perpl Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.171%+$17 on $10k

Price spread, last 4 days (all we have)−0.366%−$37 · spread now +0.081%, 7d avg −0.010%

Together, before fees−0.196%+ Points / potential airdropPerpl: Active · edgeX: Active · farm board−$20 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and edgeX is 0.091% dearer against Perpl than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004490	0	get 0.0000% / 43m	41m 21s	$18K	$238K	20x
Short	edgeX PUMPUSDC	0.004494	0.0100	get 0.0050% / 4h	3h 01m	$66K	$3.1M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Perpl. 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 PerplbpFee edgeXbpOrdersPrice spread, now +0.081%Rate

Funding earned: $21
Price spread: +0.081% → −0.010%: $9.13
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $7.33
Costs to cover: 0.228%
Break-even: 4.6 days

Slippage unknown: Perpl: 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 Perpl no order-book sample	—	—	—	—	—
Sell edgeX live order book, 3 min ago	1.11 bp	14.0 bp −$14	19.1 bp −$191	doesn't fit	doesn't fit

Perpl: 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
dYdX PUMP-USD	−0.1978%	1h	0.004488	−0.042%	$21K	$11K	5x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004490	long leg	$18K	$238K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004489	−0.022%	$70K	$118K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004486	−0.092%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0066%	4h	0.004488	−0.045%	$5.0M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004492	+0.045%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.004%	$31K	$618K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004490	+0.011%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004488	−0.053%	$712K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004492	+0.045%	$499K	$755K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004488	−0.053%	$81.7M	$164.7M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004487	−0.067%	$24.6M	$95.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004494	+0.091%	$32K	$184K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004494	+0.089%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004493	+0.067%	$24.1M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004488	−0.045%	$17.7M	$18.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004487	−0.067%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004484	−0.129%	$802K	$204K	5x	as long as short
edgeX PUMPUSDCshort	+0.0100%	4h	0.004494	+0.081%	$66K	$3.1M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004487	−0.073%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004499	+0.200%	$151K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004496	+0.134%	$107K	$2.0M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004488	−0.045%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004487	−0.057%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004490	0.000%	$2K	$738K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004488	−0.045%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004480	−0.223%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004487	−0.067%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004492	+0.049%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004489	−0.022%	$67K	$10K	3x	as long as short
Extended PUMP-USD	+0.0256%	1h	0.004491	+0.029%	$3.9M	$3.8M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004484	−0.134%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0336%	1h	0.004493	+0.067%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004495	+0.111%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004498	+0.189%	$46K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004490	−0.005%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004507	+0.379%	$39K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004494	+0.089%	$718K	$5.6M	50x	as long as short
Hyperliquid PUMP	+0.0524%	1h	0.004498	+0.178%	$168.7M	$50.1M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004495	+0.100%	$534K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0653%	1h	0.004492	+0.036%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1138%	1h	0.004490	−0.002%	$720	$106K	10x	as long as short