Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h −0.346%

Price spread now: Injective against Aster+0.082%57s7-day average −0.069% · you sell dearer than you buy

Net, funding: paid 7d − costs−$224as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$960.962% of the position

Long on Aster Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.273%−$127 on $10k

Price spread, last 3 days (all we have)−0.127%−$13 · spread now +0.082%, 7d avg −0.069%

Together, before fees−1.400%+ Points / potential airdropAster: Stage 5 · farm board−$140 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Injective is 0.151% dearer against Aster than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of −0.069%. Mind the row above: over the last 7 days funding on this pair cost −1.273%, so the current rate has only just turned in your favour. The two prices were read 57 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	Aster PUMPUSDT	0.004372	0.0100	pay 0.0050% / 4h	16m 16s	$730K	$2.3M	50x
Short	Injective PUMP/USDC PERP	0.004376	0.0182	get 0.0023% / 1h	16m 16s	$39K	$207K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Aster. 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 AsterbpFee InjectivebpOrdersPrice spread, now +0.082%Rate

Funding earned: $17.31
Price spread: +0.082% → −0.069%: $15.13
Slippage, 4 orders: −$88.2
Fee Aster: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$63.77
Costs to cover: 0.962%
Break-even: 32.8 days

Slippage from Aster: live order book, 2 min ago; Injective: live order book, 63 min ago.

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 Aster live order book, 2 min ago	3.43 bp	8.8 bp −$9	20.9 bp −$209	doesn't fit	doesn't fit
Sell Injective live order book, 63 min ago	12.67 bp	21.9 bp −$22	doesn't fit	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	−0.0058%	1h	0.004372	−0.009%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004370	−0.055%	$18K	$205K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004372	−0.009%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004372	−0.018%	$54K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0007%	4h	0.004370	−0.055%	$22.9M	$97.1M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0018%	4h	0.004370	−0.055%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004370	−0.055%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.656%	$30K	$772K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004373	+0.003%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004373	+0.025%	$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
Aster PUMPUSDTlong	+0.0100%	4h	0.004372	long leg	$730K	$2.3M	50x
Pacifica PUMP	+0.0100%	1h	0.004374	+0.037%	$457K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004371	−0.039%	$78.0M	$164.4M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004368	−0.110%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004372	−0.009%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004372	−0.009%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004374	+0.037%	$23.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004373	+0.014%	$17.4M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004371	−0.032%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004374	+0.039%	$779K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004367	−0.115%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004369	−0.072%	$1.2M	$9.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004367	−0.124%	$138K	$764K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004376	+0.082%	$95K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004371	−0.032%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004373	+0.014%	$2K	$720K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004370	−0.055%	$275	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004369	−0.078%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004371	−0.032%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004370	−0.062%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004369	−0.078%	$72K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0142%	1h	0.004376	+0.082%	$161.0M	$53.2M	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004374	+0.027%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERPshort	+0.0182%	1h	0.004376	+0.082%	$39K	$207K	12x
RISEx PUMP/USDC	+0.0194%	1h	0.004373	+0.014%	$486K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004374	+0.037%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004379	+0.151%	$680K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0322% / S −0.0244%	1h	0.004370	−0.055%	$69K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004372	−0.009%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004371	−0.035%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0443%	1h	0.004366	−0.147%	$182	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0863%	1h	0.004376	+0.087%	$1.3M	$3.5M	50x	as long as short