Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h +0.019%

Price spread now: SunX against Deribit−0.157%7-day average −0.004% · you buy dearer than you sell

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

Long on Deribit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.275%+$28 on $10k

Price spread, last 4 days (all we have)+0.127%+$13 · spread now −0.157%, 7d avg −0.004%

Together, before fees+0.402%+$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and SunX is 0.153% cheaper against Deribit than usual: you would sell low and buy high (−$15 if the spread goes back to its 7-day average of −0.004%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.275%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004449	0.0200	pay 0.0025% / 1h	32m 29s	$71K	$122K	25x
Short	SunX PUMP-USDT	0.004442	0.0100	get 0.0050% / 4h	3h 32m	$1K	$759K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Deribit. 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 DeribitbpFee SunXbpOrdersPrice spread, now −0.157%Rate

Funding earned: −$21
Price spread: −0.157% → −0.004%: −$15.35
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$51.35
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 16 min ago; SunX: live order book, 49 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 Deribit live order book, 16 min ago	8.98 bp	12.5 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell SunX live order book, 49 min ago	501.75 bp	doesn't fit	doesn't fit	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	−0.4157%	1h	0.004442	−0.152%	$20K	$11K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004439	−0.225%	$18K	$240K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004437	−0.276%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0016%	4h	0.004436	−0.292%	$4.9M	$10.5M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004441	−0.180%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.101%	$29K	$680K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004437	−0.258%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004440	−0.195%	$710K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004439	−0.225%	$493K	$824K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004439	−0.225%	$80.9M	$170.5M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004437	−0.270%	$24.3M	$97.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004443	−0.139%	$31K	$187K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004440	−0.202%	$62K	$99K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004440	−0.202%	$23.9M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004437	−0.270%	$17.5M	$19.9M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004440	−0.202%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004445	−0.099%	$793K	$208K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004433	−0.349%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004437	−0.262%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004435	−0.315%	$147K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004442	−0.157%	$106K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004437	−0.270%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004447	−0.051%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDTshort	+0.0100%	4h	0.004442	−0.157%	$1K	$759K	20x
SoDEX PUMP-USD	+0.0100%	1h	0.004443	−0.135%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004445	−0.090%	$21K	$105K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004445	−0.090%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004440	−0.205%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004438	−0.247%	$66K	$13K	3x	as long as short
Deribit PUMP_USDC-PERPETUALlong	+0.0200%	1h	0.004449	long leg	$71K	$122K	25x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004437	−0.270%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0320%	1h	0.004437	−0.264%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004451	+0.045%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004422	−0.607%	$42K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004439	−0.231%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0360%	1h	0.004441	−0.180%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004456	+0.157%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004450	+0.022%	$711K	$5.8M	50x	as long as short
Hyperliquid PUMP	+0.0537%	1h	0.004444	−0.112%	$166.4M	$53.8M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004441	−0.180%	$528K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0659%	1h	0.004447	−0.055%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1007%	1h	0.004439	−0.227%	$424	$111K	10x	as long as short