Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0029%/8h= +3.2% APRpaid last 24h +0.037%

Price spread now: Phoenix against SunX+0.309%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 SunX Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 3 days (all we have)−0.207%−$21 · spread now +0.309%, 7d avg +0.075%

Together, before fees−0.135%−$13 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.234% dearer against SunX than usual: you sell high and buy low: +$23 more if the spread goes back to its 7-day average of +0.075%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PUMP-USDT	0.004335	0.0100	pay 0.0050% / 4h	2h 16m	$1K	$710K	20x
Short	Phoenix PUMP	0.004348	0.0129	get 0.0016% / 1h	16m 55s	$39K	$99K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.309%Rate

Funding earned: $6.18
Price spread: +0.309% → +0.075%: $23.36
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $14.54
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: SunX: live order book, 64 min ago; Phoenix: live order book, 64 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, 64 min ago	500.93 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Phoenix live order book, 64 min ago	2.09 bp	16.2 bp −$16	50.4 bp −$504	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	−0.4892%	1h	0.004335	−0.002%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0220%	1h	0.004332	−0.062%	$772K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004333	−0.046%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0067%	4h	0.004330	−0.115%	$22.6M	$96.0M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0024%	4h	0.004334	−0.023%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004335	0.000%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004334	−0.019%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0080%	4h	0.004331	−0.092%	$4.6M	$11.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004333	−0.046%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004336	+0.023%	$6K	$497	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.807%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004335	+0.003%	$42K	—	5x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004338	+0.069%	$159.1M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004332	−0.069%	$785K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004336	+0.023%	$449K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004330	−0.106%	$76.9M	$164.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004331	−0.083%	$26K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004335	0.000%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004334	−0.023%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004332	−0.069%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004330	−0.115%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004335	−0.011%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004335	+0.001%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004342	+0.161%	$137K	$769K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004333	−0.035%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004337	+0.046%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004334	−0.022%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDTlong	+0.0100%	4h	0.004335	long leg	$1K	$710K	20x
SoDEX PUMP-USD	+0.0100%	1h	0.004332	−0.069%	$714	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004331	−0.092%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004332	−0.069%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004329	−0.140%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004331	−0.092%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004337	+0.046%	$492K	$1.0M	10x	as long as short
Phoenix PUMPshort	+0.0129%	1h	0.004348	+0.309%	$39K	$99K	10x
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004343	+0.185%	$659K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0225%	1h	0.004334	−0.023%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004332	−0.069%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0343%	1h	0.004337	+0.035%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004332	−0.062%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	−0.254%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0684%	1h	0.004339	+0.093%	$1.3M	$3.5M	50x	as long as short