Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: edgeX against Phemex−0.826%7-day average −0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$111as in the Funding arb table

Net, price: spread back to 7d avg − costs−$187as in the Price arb table

costs, in and out, $10k−$1071.073% of the position

Long on Phemex Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.041%−$4 on $10k

Price spread, last 3 days (all we have)+0.688%+$69 · spread now −0.826%, 7d avg −0.025%

Together, before fees+0.647%+ Points / potential airdropedgeX: Active · farm board+$65 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 0.801% cheaper against Phemex than usual: you would sell low and buy high, −$80 on $10k if it goes back to its 7-day average of −0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004436	0.0100	pay 0.0050% / 4h	3h 34m	$2.0M	$4.0M	20x
Short	edgeX PUMPUSDC	0.004399	0.0100	get 0.0050% / 4h	3h 34m	$65K	$3.0M	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Phemex. 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 PhemexbpFee edgeXbpOrdersPrice spread, now −0.826%Rate

Funding earned: $0
Price spread: −0.826% → −0.025%: −$80.14
Slippage, 4 orders: −$86.33
Fee Phemex: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$187.47
Costs to cover: 1.073%
Break-even: never at this rate

Slippage from Phemex: live order book, 4 min ago; edgeX: live order book, 4 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 Phemex live order book, 4 min ago	9.06 bp	42.1 bp −$42	doesn't fit	doesn't fit	doesn't fit
Sell edgeX live order book, 4 min ago	4.54 bp	14.7 bp −$15	18.3 bp −$183	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	−0.0013%	1h	0.004463	+0.612%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004433	−0.068%	$18K	$212K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004434	−0.045%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004436	−0.010%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0046%	4h	0.004436	0.000%	$42K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0060%	4h	0.004437	+0.023%	$23.3M	$99.2M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004437	+0.023%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.812%	$30K	$787K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004458	+0.506%	$43K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004433	−0.056%	$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	0.004437	+0.030%	$726K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004460	+0.541%	$466K	$602K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004435	−0.023%	$79.6M	$165.5M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004454	+0.408%	$26K	$168K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004438	+0.045%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004433	−0.068%	$4.8M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004438	+0.045%	$23.5M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004437	+0.023%	$17.8M	$19.4M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004435	−0.023%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004433	−0.065%	$789K	$176K	5x	as long as short
edgeX PUMPUSDCshort	+0.0100%	4h	0.004399	−0.826%	$65K	$3.0M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004401	−0.800%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004424	−0.271%	$139K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004438	+0.045%	$100K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004435	−0.015%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004437	+0.023%	$1K	$727K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004435	−0.023%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004435	−0.023%	$22K	$134K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004436	long leg	$2.0M	$4.0M	20x
Extended PUMP-USD	+0.0104%	1h	0.004432	−0.099%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004432	−0.090%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004438	+0.045%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004421	−0.329%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004439	+0.079%	$483K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004432	−0.090%	$3.5M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004433	−0.072%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0350% / S −0.0291%	1h	0.004433	−0.068%	$75K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004438	+0.045%	$692K	$5.7M	50x	as long as short
Hyperliquid PUMP	+0.0353%	1h	0.004444	+0.180%	$163.4M	$53.8M	10x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004471	+0.789%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0621%	1h	0.004414	−0.503%	$386	$107K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0927%	1h	0.004440	+0.087%	$1.3M	$3.5M	50x	as long as short