Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.035%

Price spread now: SunX against Phoenix+0.007%7-day average −0.075% · you sell dearer than you buy

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

Long on Phoenix Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 3 days (all we have)−0.109%−$11 · spread now +0.007%, 7d avg −0.075%

Together, before fees−0.181%−$18 on $10k · with fees, hour by hour

The price spread pays, funding is against you. SunX is 0.082% dearer against Phoenix than usual: you sell high and buy low (spread +0.007% now, against its 7-day average of −0.075%): +$8 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.2 days. At the pace of the last 7 days (−0.071% in total) that is about 8.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PUMP	0.004336	0.0185	pay 0.0023% / 1h	23m 16s	$39K	$99K	10x
Short	SunX PUMP-USDT	0.004336	0.0100	get 0.0050% / 4h	1h 23m	$1K	$712K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Phoenix. 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 PhoenixbpFee SunXbpOrdersPrice spread, now +0.007%Rate

Funding earned: −$17.87
Price spread: +0.007% → −0.075%: $8.24
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee SunX: 4 bp × 2 orders: −$8
Net: −$24.63
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Phoenix: no order-book sample; SunX: live order book, 48 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 Phoenix no order-book sample	—	—	—	—	—
Sell SunX live order book, 48 min ago	500.87 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

Phoenix: 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	−0.5383%	1h	0.004337	+0.041%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0047%	4h	0.004331	−0.108%	$22.7M	$95.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0007%	4h	0.004333	−0.062%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004334	−0.039%	$20K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004337	+0.030%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004336	+0.014%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0054%	1h	0.004335	−0.018%	$773K	$180K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004333	−0.062%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004337	+0.030%	$6K	$497	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.823%	$29K	$764K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004334	−0.037%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004333	−0.051%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004341	+0.122%	$159.0M	$52.2M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004332	−0.075%	$784K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004334	−0.039%	$449K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004335	−0.016%	$77.1M	$163.1M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004330	−0.143%	$25K	$173K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004335	−0.016%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004335	−0.016%	$4.6M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004338	+0.053%	$23.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004333	−0.062%	$17.2M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004334	−0.039%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004327	−0.194%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004334	−0.046%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004331	−0.108%	$137K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004338	+0.053%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004335	−0.016%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDTshort	+0.0100%	4h	0.004336	+0.007%	$1K	$712K	20x
SoDEX PUMP-USD	+0.0100%	1h	0.004333	−0.062%	$715	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004333	−0.062%	$21K	$139K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004333	−0.062%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004333	−0.070%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004333	−0.062%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004335	−0.005%	$491K	$1.0M	10x	as long as short
Phoenix PUMPlong	+0.0185%	1h	0.004336	long leg	$39K	$99K	10x
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004340	+0.099%	$668K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0312% / S −0.0230%	1h	0.004335	−0.016%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004332	−0.085%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004334	−0.040%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0413%	1h	0.004329	−0.149%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004333	−0.062%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0806%	1h	0.004340	+0.097%	$1.3M	$3.5M	50x	as long as short