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 +0.300%

Price spread now: Aster against Injective−0.290%77s7-day average +0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs+$23as 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−$1031.034% of the position

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+1.265%+$127 on $10k

Price spread, last 3 days (all we have)+0.137%+$14 · spread now −0.290%, 7d avg +0.069%

Together, before fees+1.402%+ Points / potential airdropAster: Stage 5 · farm board+$140 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Aster is 0.359% cheaper against Injective than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of +0.069%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.265%, so the current rate has only just turned against you. The two prices were read 77 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	Injective PUMP/USDC PERP	0.004513	0.0571	pay 0.0071% / 1h	12m 03s	$39K	$204K	12x
Short	Aster PUMPUSDT	0.004500	0.0100	get 0.0050% / 4h	2h 12m	$698K	$2.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster against Injective. 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 InjectivebpFee AsterbpOrdersPrice spread, now −0.290%Rate

Funding earned: −$98.85
Price spread: −0.290% → +0.069%: −$35.89
Slippage, 4 orders: −$95.4
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$238.17
Costs to cover: 1.034%
Break-even: never at this rate

Slippage from Injective: live order book, 57 min ago; Aster: live order book, 1 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 Injective live order book, 57 min ago	22.38 bp	46.8 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	5.58 bp	9.6 bp −$10	20.7 bp −$207	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	−0.4890%	1h	0.004487	−0.576%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004492	−0.465%	$18K	$214K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004501	−0.272%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0082%	4h	0.004500	−0.288%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004503	−0.222%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.504%	$29K	$770K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004491	−0.476%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDTshort	+0.0100%	4h	0.004500	−0.290%	$698K	$2.4M	50x
Pacifica PUMP	+0.0100%	1h	0.004486	−0.598%	$521K	$717K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004502	−0.244%	$82.1M	$167.8M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004501	−0.266%	$24.4M	$99.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004482	−0.678%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004488	−0.554%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004498	−0.332%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004503	−0.222%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004502	−0.244%	$17.8M	$19.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004502	−0.244%	—	$13.0M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004502	−0.235%	$801K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004493	−0.443%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004483	−0.665%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004491	−0.487%	$150K	$752K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004497	−0.355%	$99K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004500	−0.281%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004500	−0.288%	$2K	$744K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004502	−0.244%	$283	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004487	−0.576%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004501	−0.266%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004487	−0.585%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004498	−0.332%	$72K	$8K	3x	as long as short
Extended PUMP-USD	+0.0192%	1h	0.004496	−0.368%	$3.8M	$4.3M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0194%	1h	0.004503	−0.222%	$71K	$124K	25x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004496	−0.374%	$43K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0312%	1h	0.004492	−0.465%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004490	−0.505%	$530K	$1.1M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004495	−0.405%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0363% / S −0.0294%	1h	0.004498	−0.332%	$72K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004502	−0.244%	$719K	$5.9M	50x	as long as short
Injective PUMP/USDC PERPlong	+0.0571%	1h	0.004513	long leg	$39K	$204K	12x
Hyperliquid PUMP	+0.0743%	1h	0.004510	−0.066%	$169.0M	$55.6M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0854%	1h	0.004498	−0.335%	$594	$112K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1234%	1h	0.004508	−0.103%	$1.3M	$3.1M	50x	as long as short