PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0182%/8h= +20.0% APRnext payment +$0.23 per $10,000 · paid last 24h −0.340%

Price spread now: Injective against Deribit+0.023%63s7-day average −0.105% · you sell dearer than you buy

Net, funding: paid 7d − costs−$207as 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−$1051.053% of the position

Long on Deribit Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.022%−$102 on $10k

Price spread, last 3 days (all we have)−0.133%−$13 · spread now +0.023%, 7d avg −0.105%

Together, before fees−1.155%−$115 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 0.127% dearer against Deribit than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of −0.105%. Mind the row above: over the last 7 days funding on this pair cost −1.022%, so the current rate has only just turned in your favour. The two prices were read 63 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	Deribit PUMP_USDC-PERPETUAL	0.004381	0	get 0.0000% / 1h	9m 57s	$70K	$125K	25x
Short	Injective PUMP/USDC PERP	0.004382	0.0182	get 0.0023% / 1h	9m 57s	$39K	$207K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Deribit. 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 DeribitbpFee InjectivebpOrdersPrice spread, now +0.023%Rate

Funding earned: $38.31
Price spread: +0.023% → −0.105%: $12.73
Slippage, 4 orders: −$98.24
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$54.21
Costs to cover: 1.053%
Break-even: 16.9 days

Slippage from Deribit: live order book, 3 min ago; Injective: live order book, 4 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 Deribit live order book, 3 min ago	8.01 bp	13.8 bp −$14	22.7 bp −$227	doesn't fit	doesn't fit
Sell Injective live order book, 4 min ago	25.16 bp	34.5 bp −$34	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	−0.0051%	1h	0.004375	−0.137%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004375	−0.137%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUALlong	0.0000%	1h	0.004381	long leg	$70K	$125K	25x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004379	−0.047%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0013%	4h	0.004375	−0.137%	$22.9M	$97.2M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0022%	4h	0.004378	−0.068%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004378	−0.068%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.849%	$31K	$772K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004376	−0.115%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004379	−0.034%	$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 PUMPUSDT	+0.0100%	4h	0.004376	−0.114%	$726K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004374	−0.160%	$457K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004376	−0.114%	$78.2M	$164.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004359	−0.507%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004378	−0.068%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004376	−0.114%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004379	−0.046%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004375	−0.137%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004375	−0.137%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004378	−0.064%	$780K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004372	−0.205%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004369	−0.274%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004374	−0.160%	$138K	$763K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004382	+0.023%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004380	−0.017%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004379	−0.046%	$2K	$721K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004378	−0.068%	$277	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004369	−0.274%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004377	−0.091%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004375	−0.145%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004378	−0.068%	$72K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0147%	1h	0.004384	+0.068%	$161.1M	$53.3M	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004388	+0.162%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERPshort	+0.0182%	1h	0.004382	+0.023%	$39K	$207K	12x
RISEx PUMP/USDC	+0.0194%	1h	0.004378	−0.080%	$489K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004379	−0.046%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004381	0.000%	$694K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0329% / S −0.0259%	1h	0.004379	−0.046%	$71K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004367	−0.320%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004377	−0.094%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0476%	1h	0.004372	−0.201%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0862%	1h	0.004383	+0.035%	$1.3M	$3.5M	50x	as long as short