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 edgeX+0.222%7-day average −0.064% · 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−$81as in the Price arb table

costs, in and out, $10k−$1101.096% of the position

Long on edgeX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.250%−$125 on $10k

Price spread, last 3 days (all we have)−0.015%−$1 · spread now +0.222%, 7d avg −0.064%

Together, before fees−1.264%+ Points / potential airdropedgeX: Active · farm board−$126 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 0.286% dearer against edgeX than usual: you sell high and buy low: +$29 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 −1.250%, 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	edgeX PUMPUSDC	0.004501	0.0100	pay 0.0050% / 4h	2h 08m	$67K	$3.1M	20x
Short	Injective PUMP/USDC PERP	0.004511	0.0571	get 0.0071% / 1h	8m 55s	$39K	$204K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against edgeX. 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 edgeXbpFee InjectivebpOrdersPrice spread, now +0.222%Rate

Funding earned: $98.85
Price spread: +0.222% → −0.064%: $28.55
Slippage, 4 orders: −$100.63
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $17.76
Costs to cover: 1.096%
Break-even: 5.7 days

Slippage from edgeX: live order book, 5 min ago; Injective: live order book, 60 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 edgeX live order book, 5 min ago	4.46 bp	11.0 bp −$11	13.8 bp −$138	doesn't fit	doesn't fit
Sell Injective live order book, 60 min ago	22.38 bp	31.5 bp −$31	doesn't fit	doesn't fit	doesn't fit

PUMP on 41 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	−0.4597%	1h	0.004484	−0.376%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004479	−0.489%	$18K	$213K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004482	−0.423%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004480	−0.460%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0084%	4h	0.004482	−0.423%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004483	−0.401%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.245%	$29K	$773K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004483	−0.389%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004486	−0.338%	$695K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004486	−0.334%	$523K	$717K	10x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004486	−0.334%	$81.9M	$168.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004484	−0.378%	$24.4M	$98.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004489	−0.265%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004484	−0.378%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004486	−0.334%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004489	−0.267%	$23.8M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004485	−0.356%	$17.7M	$19.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004484	−0.378%	—	$13.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004482	−0.421%	$797K	$188K	5x	as long as short
edgeX PUMPUSDClong	+0.0100%	4h	0.004501	long leg	$67K	$3.1M	20x
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004501	0.000%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	+0.066%	$150K	$753K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004486	−0.334%	$99K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004481	−0.441%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004482	−0.423%	$2K	$745K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004483	−0.401%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004475	−0.578%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004481	−0.445%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004487	−0.315%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004479	−0.489%	$71K	$8K	3x	as long as short
Extended PUMP-USD	+0.0216%	1h	0.004485	−0.348%	$3.8M	$4.3M	50x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004502	+0.022%	$43K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0312%	1h	0.004487	−0.312%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004485	−0.356%	$530K	$1.1M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004482	−0.429%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0364% / S −0.0295%	1h	0.004480	−0.467%	$72K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004493	−0.178%	$714K	$5.9M	50x	as long as short
Injective PUMP/USDC PERPshort	+0.0571%	1h	0.004511	+0.222%	$39K	$204K	12x
Hyperliquid PUMP	+0.0736%	1h	0.004491	−0.223%	$168.3M	$55.3M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0868%	1h	0.004493	−0.182%	$593	$112K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1240%	1h	0.004488	−0.290%	$1.3M	$3.1M	50x	as long as short