Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0244%/8h= +26.7% APRpaid last 24h +0.073%

Price spread now: Reya against SunX−0.226%7-day average — · you buy dearer than you sell

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

Long on SunX Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.226% cheaper against SunX than usual: you would sell low and buy high (spread −0.226% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$23 on $10k: about 3.1 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PUMP-USDT	0.004333	0.0100	pay 0.0050% / 4h	1h 53m	$2K	$710K	20x
Short	Reya PUMPRUSDPERP	0.004323	0.0344	get 0.0043% / 1h	53m 49s	$2	—	3x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.226%Rate

Funding earned: $51.14
Price spread: −0.226% → 0.000%: −$22.65
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Reya: 3 bp × 2 orders: −$6
Net: $14.49
Costs to cover: 0.140%
Break-even: 5.0 days

Slippage unknown: SunX: live order book, 18 min ago; Reya: no order-book sample. 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, 18 min ago	500.87 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	−0.5703%	1h	0.004333	−0.008%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0057%	4h	0.004321	−0.277%	$22.5M	$95.6M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0021%	4h	0.004322	−0.254%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004323	−0.231%	$20K	$205K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004324	−0.208%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004324	−0.212%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004321	−0.277%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.762%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004331	−0.042%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004323	−0.219%	$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
Hyperliquid PUMP	+0.0100%	1h	0.004326	−0.162%	$158.4M	$52.6M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004323	−0.231%	$779K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004335	+0.046%	$449K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004321	−0.277%	$76.7M	$163.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004328	−0.115%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004331	−0.046%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004322	−0.254%	$4.6M	$11.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004326	−0.162%	$22.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004321	−0.277%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004328	−0.115%	—	$12.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004321	−0.272%	$770K	$181K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004320	−0.293%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004324	−0.201%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004319	−0.323%	$136K	$769K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004329	−0.092%	$92K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004323	−0.228%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDTlong	+0.0100%	4h	0.004333	long leg	$2K	$710K	20x
SoDEX PUMP-USD	+0.0100%	1h	0.004322	−0.254%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004324	−0.208%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004324	−0.208%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004321	−0.282%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004320	−0.300%	$71K	$18K	3x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004323	−0.231%	$40K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004333	0.000%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004332	−0.023%	$490K	$1.0M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004332	−0.023%	$657K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0309% / S −0.0227%	1h	0.004322	−0.254%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004331	−0.046%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERPshort	+0.0344%	1h	0.004323	−0.226%	$2	—	3x
Aftermath Perps PUMPUSD	+0.0350%	1h	0.004323	−0.231%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004326	−0.162%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0808%	1h	0.004328	−0.107%	$1.3M	$3.5M	50x	as long as short