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 Bitget−0.023%7-day average −0.076% · you buy dearer than you sell

Net, funding: paid 7d − costs−$234as in the Funding arb table

Net, price: spread back to 7d avg − costs−$99as in the Price arb table

costs, in and out, $10k−$1051.048% of the position

Long on Bitget Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.295%−$129 on $10k

Price spread, last 3 days (all we have)+0.155%+$15 · spread now −0.023%, 7d avg −0.076%

Together, before fees−1.140%−$114 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Injective is 0.054% dearer against Bitget than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of −0.076%. Mind the row above: over the last 7 days funding on this pair cost −1.295%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget PUMPUSDT	0.004409	0.0100	pay 0.0050% / 4h	2h 50m	$17.6M	$19.2M	75x
Short	Injective PUMP/USDC PERP	0.004408	0.0571	get 0.0071% / 1h	50m 58s	$39K	$203K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Bitget. 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 BitgetbpFee InjectivebpOrdersPrice spread, now −0.023%Rate

Funding earned: $98.85
Price spread: −0.023% → −0.076%: $5.36
Slippage, 4 orders: −$92.73
Fee Bitget: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$0.54
Costs to cover: 1.048%
Break-even: 7.0 days

Slippage from Bitget: live order book, 3 min ago; Injective: live order book, 18 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 Bitget live order book, 3 min ago	1.13 bp	15.4 bp −$15	28.0 bp −$280	doesn't fit	doesn't fit
Sell Injective live order book, 18 min ago	22.38 bp	31.5 bp −$31	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	0.0000%	1h	0.004400	−0.204%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004405	−0.091%	$20K	$200K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004402	−0.159%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004401	−0.181%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0059%	4h	0.004403	−0.136%	$41K	$10K	10x	as long as short
Gate PUMP_USDT	+0.0080%	4h	0.004407	−0.045%	$4.8M	$10.4M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004407	−0.045%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.204%	$27K	$771K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004408	−0.030%	$700K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004398	−0.249%	$475K	$654K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004410	+0.020%	$79.2M	$164.7M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004412	+0.068%	$23.5M	$96.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004393	−0.372%	$26K	$166K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004401	−0.181%	$39K	$60K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004409	0.000%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDTlong	+0.0100%	4h	0.004409	long leg	$17.6M	$19.2M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004408	−0.023%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004407	−0.045%	$785K	$179K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004401	−0.187%	$64K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004408	−0.021%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004409	0.000%	$139K	$758K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004405	−0.091%	$102K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004403	−0.139%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004401	−0.181%	$2K	$732K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004406	−0.068%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004400	−0.204%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004405	−0.091%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004398	−0.259%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004409	−0.011%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004402	−0.159%	$70K	$9K	3x	as long as short
Nado PUMP-PERP	+0.0114%	1h	0.004401	−0.170%	$1.6M	$2.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004404	−0.113%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004413	+0.086%	$39K	$103K	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004406	−0.070%	$481K	$995K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004406	−0.068%	$3.6M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004400	−0.208%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0358% / S −0.0298%	1h	0.004401	−0.181%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004407	−0.045%	$702K	$5.6M	50x	as long as short
Hyperliquid PUMP	+0.0421%	1h	0.004414	+0.113%	$162.6M	$53.9M	10x	as long as short
Injective PUMP/USDC PERPshort	+0.0571%	1h	0.004408	−0.023%	$39K	$203K	12x
Aftermath Perps PUMPUSD	+0.0706%	1h	0.004411	+0.035%	$386	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1262%	1h	0.004410	+0.032%	$1.3M	$3.1M	50x	as long as short