Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0213%/8h= −23.3% APRpaid last 24h −0.058%

Price spread now: SunX against GMX+0.023%7-day average — · you sell dearer than you buy

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

Long on GMX Short on SunX

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—needs both histories

The price spread pays, funding is against you. SunX is 0.023% dearer against GMX than usual: you sell high and buy low (spread +0.023% now, against zero (this spread has no 7-day history yet)): +$2 on $10k if it goes back. Holding the pair costs −$6 a day in funding at the current rate, which eats that in about 9 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX PUMP/USD [WBTC.b-USDC]	0.004346	L +0.0313% / S −0.0230%	pay 0.0039% / 1h	18m 02s	$67K	—	100x
Short	SunX PUMP-USDT	0.004347	0.0100	get 0.0050% / 4h	1h 18m	$2K	$713K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against GMX. 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 GMXbpFee SunXbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$44.65
Price spread: +0.023% → 0.000%: $2.3
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$62.35
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; SunX: live order book, 54 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 GMX no order-book sample	—	—	—	—	—
Sell SunX live order book, 54 min ago	500.87 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit

GMX: 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	−0.4733%	1h	0.004349	+0.079%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0054%	4h	0.004342	−0.092%	$22.7M	$95.8M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0006%	4h	0.004344	−0.046%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004342	−0.092%	$20K	$202K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004347	+0.023%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004347	+0.016%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0058%	1h	0.004343	−0.076%	$774K	$180K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004343	−0.069%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004340	−0.138%	$6K	$497	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.058%	$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	0.004344	−0.053%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004346	0.000%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004348	+0.046%	$159.3M	$52.3M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004343	−0.069%	$786K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004346	0.000%	$450K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004343	−0.069%	$77.3M	$163.3M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004344	−0.058%	$25K	$174K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004344	−0.046%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004343	−0.069%	$4.7M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004347	+0.023%	$23.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004344	−0.046%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004342	−0.092%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004342	−0.088%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004342	−0.092%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004347	+0.023%	$137K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004348	+0.046%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004346	−0.003%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDTshort	+0.0100%	4h	0.004347	+0.023%	$2K	$713K	20x
SoDEX PUMP-USD	+0.0100%	1h	0.004344	−0.046%	$716	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004338	−0.184%	$21K	$139K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004345	−0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004344	−0.054%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004344	−0.046%	$72K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004345	−0.035%	$492K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004342	−0.085%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004351	+0.115%	$672K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]long	L +0.0313% / S −0.0230%	1h	0.004346	long leg	$67K	—	100x
BloFin PUMP-USDT	+0.0340%	4h	0.004339	−0.161%	$3.4M	$3.8M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004344	−0.047%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0406%	1h	0.004339	−0.159%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004333	−0.299%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0805%	1h	0.004348	+0.051%	$1.3M	$3.5M	50x	as long as short