Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0421%/8h= +46.1% APRpaid last 24h −0.419%

Price spread now: Injective against BingX−0.023%87s7-day average −0.064% · you buy dearer than you sell

Net, funding: paid 7d − costs−$226as 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−$940.940% of the position

Long on BingX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.319%−$132 on $10k

Price spread, last 3 days (all we have)+0.148%+$15 · spread now −0.023%, 7d avg −0.064%

Together, before fees−1.171%−$117 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$13 a day on $10k at the current rate, and Injective is 0.041% dearer against BingX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of −0.064%. Mind the row above: over the last 7 days funding on this pair cost −1.319%, so the current rate has only just turned in your favour. The two prices were read 87 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	BingX PUMP-USDT	0.004325	0.0100	pay 0.0050% / 4h	2h 13m	—	$12.7M	—
Short	Injective PUMP/USDC PERP	0.004324	0.0521	get 0.0065% / 1h	13m 52s	$38K	$207K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against BingX. 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 BingXbpFee InjectivebpOrdersPrice spread, now −0.023%Rate

Funding earned: $88.33
Price spread: −0.023% → −0.064%: $4.09
Slippage, 4 orders: −$83.99
Fee BingX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$1.58
Costs to cover: 0.940%
Break-even: 7.1 days

Slippage from BingX: live order book, 9 min ago; Injective: live order book, 10 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 BingX live order book, 9 min ago	1.15 bp	6.2 bp −$6	11.5 bp −$115	43.2 bp −$4,317	171.8 bp −$85.9K
Sell Injective live order book, 10 min ago	17.33 bp	26.6 bp −$27	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	−0.5089%	1h	0.004331	+0.134%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0227%	1h	0.004327	+0.039%	$771K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004326	+0.023%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0065%	4h	0.004325	0.000%	$22.6M	$95.7M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0025%	4h	0.004326	+0.023%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004330	+0.116%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004327	+0.057%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0056%	4h	0.004325	0.000%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0088%	1h	0.004329	+0.092%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004327	+0.046%	$2.9M	$5.5M	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	−0.578%	$29K	$766K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004327	+0.037%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004326	+0.035%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004333	+0.185%	$158.8M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004326	+0.024%	$780K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004328	+0.069%	$449K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004326	+0.019%	$76.8M	$164.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004331	+0.148%	$25K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004327	+0.046%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004330	+0.116%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004324	−0.023%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDTlong	+0.0100%	4h	0.004325	long leg	—	$12.7M	—
edgeX PUMPUSDC	+0.0100%	4h	0.004333	+0.178%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004333	+0.176%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004336	+0.254%	$137K	$770K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004330	+0.116%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004328	+0.068%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004329	+0.092%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004326	+0.023%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004329	+0.092%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004328	+0.069%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004325	−0.002%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004325	0.000%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004329	+0.090%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004335	+0.238%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004334	+0.208%	$658K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0307% / S −0.0225%	1h	0.004327	+0.046%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004326	+0.023%	$3.4M	$3.7M	75x	as long as short
Aftermath Perps PUMPUSD	+0.0342%	1h	0.004333	+0.193%	$180	$106K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004326	+0.029%	$2	—	3x	as long as short
Injective PUMP/USDC PERPshort	+0.0521%	1h	0.004324	−0.023%	$38K	$207K	12x
Kraken Futures PF_PUMPUSD	+0.0685%	1h	0.004332	+0.161%	$1.3M	$3.5M	50x	as long as short