Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0847%/8h= −92.7% APRpaid last 24h −0.031%

Price spread now: Backpack against SunX−0.232%7-day average −0.046% · you buy dearer than you sell

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

Long on SunX Short on Backpack

What this pair did over the last

the charts below follow

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

Price spread, last 4 days (all we have)+0.107%+$11 · spread now −0.232%, 7d avg −0.046%

Together, before fees−0.146%−$15 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Backpack is 0.186% cheaper against SunX than usual: you would sell low and buy high (−$19 if the spread goes back to its 7-day average of −0.046%). Swap the legs.

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	SunX PUMP-USDT	0.004394	0.0100	pay 0.0050% / 4h	57m 49s	$1K	$760K	20x
Short	Backpack PUMP_USDC_PERP	0.004384	−0.0747	pay 0.0093% / 1h	57m 49s	$778K	$193K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against SunX. 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 SunXbpFee BackpackbpOrdersPrice spread, now −0.232%Rate

Funding earned: −$177.81
Price spread: −0.232% → −0.046%: −$18.63
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$214.44
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 34 min ago; Backpack: live order book, 1 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 SunX live order book, 34 min ago	500.78 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 1 min ago	2.50 bp	7.7 bp −$8	13.3 bp −$133	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
Backpack PUMP_USDC_PERPshort	−0.0747%	1h	0.004384	−0.232%	$778K	$193K	5x
Perpl PUMP	−0.0112%	43m	0.004395	+0.023%	$18K	$232K	20x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004389	−0.108%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004392	−0.046%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004392	−0.056%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004386	−0.182%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−2.139%	$28K	$823K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004396	+0.057%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004385	−0.201%	$690K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004385	−0.205%	$487K	$817K	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	0.004384	−0.228%	$79.6M	$171.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004378	−0.364%	$23.9M	$97.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004398	+0.102%	$36K	$189K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004399	+0.114%	$60K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004382	−0.273%	$4.8M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004388	−0.137%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004384	−0.228%	$17.4M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004384	−0.228%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004398	+0.081%	$64K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004399	+0.117%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004401	+0.159%	$147K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004398	+0.091%	$101K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004391	−0.068%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004391	−0.058%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDTlong	+0.0100%	4h	0.004394	long leg	$1K	$760K	20x
SoDEX PUMP-USD	+0.0100%	1h	0.004393	−0.023%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004394	0.000%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004390	−0.091%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004379	−0.352%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004389	−0.114%	$70K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004391	−0.068%	$59K	—	100x	as long as short
Extended PUMP-USD	+0.0216%	1h	0.004383	−0.239%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0256%	1h	0.004399	+0.114%	$6K	$727	10x	as long as short
Hyperliquid PUMP	+0.0273%	1h	0.004391	−0.068%	$164.1M	$56.1M	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004406	+0.282%	$43K	$102K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004400	+0.137%	$3.7M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004394	−0.004%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004403	+0.205%	$689K	$5.8M	50x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004398	+0.102%	$523K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004399	+0.114%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0806%	1h	0.004395	+0.025%	$1.1M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0881%	1h	0.004409	+0.339%	$582	$115K	10x	as long as short