Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0552%/8h= +60.5% APRpaid last 24h −0.393%

Price spread now: Injective against Gate+0.046%7-day average −0.072% · you sell dearer than you buy

Net, funding: paid 7d − costs−$236as in the Funding arb table

Net, price: spread back to 7d avg − costs−$101as in the Price arb table

costs, in and out, $10k−$1131.133% of the position

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.222%−$122 on $10k

Price spread, last 3 days (all we have)−0.046%−$5 · spread now +0.046%, 7d avg −0.072%

Together, before fees−1.268%−$127 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$17 a day on $10k at the current rate, and Injective is 0.118% dearer against Gate than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.072%. Mind the row above: over the last 7 days funding on this pair cost −1.222%, 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	Gate PUMP_USDT	0.004320	0.0100	pay 0.0050% / 4h	1h 39m	$4.6M	$11.7M	75x
Short	Injective PUMP/USDC PERP	0.004322	0.0652	get 0.0082% / 1h	39m 01s	$38K	$207K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +0.046%Rate

Funding earned: $115.96
Price spread: +0.046% → −0.072%: $11.82
Slippage, 4 orders: −$98.3
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $14.46
Costs to cover: 1.133%
Break-even: 6.1 days

Slippage from Gate: live order book, 5 min ago; Injective: live order book, 45 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 Gate live order book, 5 min ago	2.32 bp	18.1 bp −$18	41.6 bp −$416	80.6 bp −$8,064	doesn't fit
Sell Injective live order book, 45 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	−0.5019%	1h	0.004325	+0.106%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0041%	4h	0.004321	+0.023%	$22.6M	$95.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0014%	4h	0.004321	+0.023%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004321	+0.023%	$20K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004322	+0.046%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004322	+0.055%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0060%	1h	0.004321	+0.030%	$770K	$181K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004322	+0.046%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.463%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004321	+0.015%	$42K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004320	+0.012%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004328	+0.185%	$158.5M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004320	+0.009%	$779K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004322	+0.046%	$448K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004322	+0.042%	$76.9M	$163.4M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004324	+0.083%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004322	+0.046%	$42K	$53K	10x	as long as short
Gate PUMP_USDTlong	+0.0100%	4h	0.004320	long leg	$4.6M	$11.7M	75x
KuCoin PUMPUSDTM	+0.0100%	4h	0.004323	+0.069%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004321	+0.023%	$17.1M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004321	+0.023%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004319	−0.021%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004320	−0.001%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004322	+0.046%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004325	+0.116%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004322	+0.038%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004324	+0.093%	$2K	$712K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004321	+0.023%	$713	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004315	−0.116%	$21K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004321	+0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004319	−0.028%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004320	0.000%	$71K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0112%	1h	0.004323	+0.069%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004323	+0.069%	$489K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004324	+0.086%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004324	+0.093%	$655K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0310% / S −0.0228%	1h	0.004322	+0.046%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004319	−0.023%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004321	+0.024%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0386%	1h	0.004322	+0.051%	$200	$106K	10x	as long as short
Injective PUMP/USDC PERPshort	+0.0652%	1h	0.004322	+0.046%	$38K	$207K	12x
Kraken Futures PF_PUMPUSD	+0.0809%	1h	0.004328	+0.176%	$1.3M	$3.5M	50x	as long as short