PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0163%/8h= +17.8% APRnext payment +$0.20 per $10,000 · paid last 24h −0.361%

Price spread now: Injective against Coinbase International+0.592%64s7-day average −0.102% · you sell dearer than you buy

Net, funding: paid 7d − costs−$235as 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−$1081.076% of the position

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.275%−$127 on $10k

Price spread, last 3 days (all we have)−0.427%−$43 · spread now +0.592%, 7d avg −0.102%

Together, before fees−1.702%−$170 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.694% dearer against Coinbase International than usual: you sell high and buy low: +$69 more if the spread goes back to its 7-day average of −0.102%. Mind the row above: over the last 7 days funding on this pair cost −1.275%, so the current rate has only just turned in your favour. The two prices were read 64 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	Coinbase International PUMP-PERP-INTX	0.004393	0.0408	pay 0.0051% / 1h	55m 42s	$685K	$5.6M	50x
Short	Injective PUMP/USDC PERP	0.004419	0.0571	get 0.0071% / 1h	55m 42s	$39K	$203K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. 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 Coinbase InternationalbpFee InjectivebpOrdersPrice spread, now +0.592%Rate

Funding earned: $34.17
Price spread: +0.592% → −0.102%: $69.43
Slippage, 4 orders: −$97.56
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$3.97
Costs to cover: 1.076%
Break-even: 7.8 days

Slippage from Coinbase International: live order book, 3 min ago; Injective: live order book, 13 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 Coinbase International live order book, 3 min ago	4.53 bp	15.6 bp −$16	24.5 bp −$245	doesn't fit	doesn't fit
Sell Injective live order book, 13 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	0.004386	−0.153%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004385	−0.182%	$20K	$202K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004389	−0.091%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004387	−0.145%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0058%	4h	0.004387	−0.137%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004388	−0.114%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−2.117%	$26K	$769K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004395	+0.046%	$704K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004388	−0.114%	$474K	$654K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004389	−0.100%	$78.8M	$164.8M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004390	−0.068%	$23.4M	$96.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004428	+0.799%	$26K	$167K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004386	−0.159%	$40K	$57K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004393	0.000%	$4.8M	$10.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004395	+0.046%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004385	−0.182%	$17.5M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004394	+0.023%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004387	−0.146%	$786K	$176K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004424	+0.713%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004427	+0.784%	$1.2M	$10.3M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004427	+0.774%	$139K	$760K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004393	0.000%	$101K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004388	−0.119%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004385	−0.182%	$2K	$730K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004390	−0.068%	$275	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004386	−0.159%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004393	0.000%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004391	−0.051%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004394	+0.034%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004387	−0.137%	$70K	$11K	3x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004388	−0.114%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004419	+0.590%	$39K	$95K	10x	as long as short
Nado PUMP-PERP	+0.0297%	1h	0.004392	−0.011%	$1.6M	$2.0M	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004388	−0.114%	$479K	$994K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004396	+0.068%	$3.6M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004391	−0.050%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0356% / S −0.0297%	1h	0.004387	−0.137%	$73K	—	100x	as long as short
Hyperliquid PUMP	+0.0393%	1h	0.004392	−0.023%	$161.9M	$54.8M	10x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0408%	1h	0.004393	long leg	$685K	$5.6M	50x
Injective PUMP/USDC PERPshort	+0.0571%	1h	0.004419	+0.592%	$39K	$203K	12x
Aftermath Perps PUMPUSD	+0.0707%	1h	0.004430	+0.845%	$388	$109K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1266%	1h	0.004395	+0.044%	$1.3M	$3.1M	50x	as long as short