Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0471%/8h= +51.6% APRpaid last 24h −0.197%

Price spread now: Injective against HTX+0.357%65s7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$400as 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−$2752.752% of the position

Long on HTX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.249%−$125 on $10k

Price spread, last 4 days (all we have)−0.296%−$30 · spread now +0.357%, 7d avg −0.032%

Together, before fees−1.545%−$154 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 0.389% dearer against HTX than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of −0.032%. Mind the row above: over the last 7 days funding on this pair cost −1.249%, so the current rate has only just turned in your favour. The two prices were read 65 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	HTX PUMP-USDT	0.004486	0.0100	pay 0.0050% / 4h	2h 44m	$21K	$93K	20x
Short	Injective PUMP/USDC PERP	0.004502	0.0571	get 0.0071% / 1h	44m 06s	$39K	$204K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against HTX. 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 HTXbpFee InjectivebpOrdersPrice spread, now +0.357%Rate

Funding earned: $98.86
Price spread: +0.357% → −0.032%: $38.91
Slippage, 4 orders: −$263.22
Fee HTX: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$137.46
Costs to cover: 2.752%
Break-even: 16.7 days

Slippage from HTX: live order book, 67 min ago; Injective: live order book, 5 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 HTX live order book, 67 min ago	19.16 bp	55.6 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Injective live order book, 5 min ago	16.72 bp	26.2 bp −$26	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	−0.0017%	1h	0.004490	+0.093%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004494	+0.178%	$18K	$237K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004494	+0.178%	$70K	$115K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004494	+0.188%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0044%	4h	0.004489	+0.067%	$5.0M	$10.3M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004494	+0.178%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.917%	$28K	$617K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004494	+0.189%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004493	+0.147%	$718K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004494	+0.178%	$538K	$761K	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	0.004493	+0.150%	$81.9M	$163.7M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004490	+0.089%	$24.7M	$94.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004498	+0.276%	$32K	$168K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004496	+0.223%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004494	+0.178%	$24.0M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004492	+0.134%	$17.9M	$18.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004494	+0.178%	—	$13.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004492	+0.136%	$805K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004495	+0.205%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004504	+0.402%	$1.3M	$10.1M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004499	+0.290%	$152K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004498	+0.267%	$111K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004493	+0.156%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004493	+0.147%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004493	+0.156%	$2K	$735K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004492	+0.134%	$282	$7K	10x	as long as short
HTX PUMP-USDTlong	+0.0100%	4h	0.004486	long leg	$21K	$93K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004493	+0.156%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004498	+0.273%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004490	+0.089%	$67K	$10K	3x	as long as short
Extended PUMP-USD	+0.0144%	1h	0.004492	+0.140%	$3.8M	$3.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004493	+0.156%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004497	+0.245%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004490	+0.089%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004495	+0.195%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004499	+0.299%	$46K	$119K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004501	+0.334%	$723K	$5.5M	50x	as long as short
Injective PUMP/USDC PERPshort	+0.0571%	1h	0.004502	+0.357%	$39K	$204K	12x
Hyperliquid PUMP	+0.0577%	1h	0.004498	+0.267%	$168.8M	$48.4M	10x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004498	+0.267%	$534K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0815%	1h	0.004494	+0.169%	$1.0M	$3.2M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1091%	1h	0.004496	+0.223%	$521	$102K	10x	as long as short