Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0471%/8h= +51.5% APRpaid last 24h −0.321%

Price spread now: Injective against SunX−0.399%61s7-day average −0.095% · you buy dearer than you sell

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

Long on SunX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.299%−$130 on $10k

Price spread, last 3 days (all we have)+0.496%+$50 · spread now −0.399%, 7d avg −0.095%

Together, before fees−0.803%−$80 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.305% cheaper against SunX than usual: you would sell low and buy high (spread −0.399% now, against its 7-day average of −0.095%). If the spread goes back, that is −$30 on $10k: about 2.2 days of funding at the current rate (+$14 a day). Mind the row above: over the last 7 days funding on this pair cost −1.299%, so the current rate has only just turned in your favour. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX PUMP-USDT	0.004510	0.0100	pay 0.0050% / 4h	2h 25m	$2K	$737K	20x
Short	Injective PUMP/USDC PERP	0.004492	0.0571	get 0.0071% / 1h	25m 39s	$39K	$203K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now −0.399%Rate

Funding earned: $98.85
Price spread: −0.399% → −0.095%: −$30.45
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $60.38
Costs to cover: 0.080%
Break-even: 2.7 days

Slippage unknown: SunX: live order book, 16 min ago; Injective: live order book, 43 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, 16 min ago	502.10 bp	doesn't fit	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 43 min ago	22.38 bp	31.5 bp −$31	doesn't fit	doesn't fit	doesn't fit

PUMP on 41 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	−0.2802%	1h	0.004507	−0.060%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004509	−0.022%	$18K	$208K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004510	+0.007%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0070%	4h	0.004507	−0.067%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004511	+0.022%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.222%	$30K	$771K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004515	+0.122%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004511	+0.014%	$730K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004512	+0.044%	$495K	$662K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004511	+0.026%	$81.5M	$166.2M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004514	+0.089%	$24.4M	$99.0M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004495	−0.335%	$21K	$171K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004515	+0.111%	$40K	$63K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004513	+0.067%	$4.9M	$11.0M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004513	+0.067%	$24.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004514	+0.089%	$17.8M	$19.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004515	+0.111%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004513	+0.060%	$799K	$187K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004480	−0.676%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004487	−0.509%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004481	−0.643%	$139K	$754K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004516	+0.133%	$104K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004506	−0.082%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDTlong	+0.0100%	4h	0.004510	long leg	$2K	$737K	20x
SoDEX PUMP-USD	+0.0100%	1h	0.004510	0.000%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004508	−0.044%	$22K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004508	−0.044%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004517	+0.157%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004514	+0.095%	$3.8M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004506	−0.089%	$72K	$8K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0194%	1h	0.004508	−0.044%	$72K	$124K	25x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004489	−0.475%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004522	+0.266%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004518	+0.167%	$556K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004513	+0.062%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0361% / S −0.0291%	1h	0.004508	−0.044%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004516	+0.133%	$718K	$5.8M	50x	as long as short
Injective PUMP/USDC PERPshort	+0.0571%	1h	0.004492	−0.399%	$39K	$203K	12x
Hyperliquid PUMP	+0.0658%	1h	0.004517	+0.155%	$168.8M	$55.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0746%	1h	0.004485	−0.551%	$594	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1232%	1h	0.004516	+0.141%	$1.3M	$3.1M	50x	as long as short