Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0606%/8h= −66.3% APRpaid last 24h +0.276%

Price spread now: Binance against Injective−0.477%67s7-day average +0.074% · you buy dearer than you sell

Net, funding: paid 7d − costs+$28as 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−$940.945% of the position

Long on Injective Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+1.224%+$122 on $10k

Price spread, last 4 days (all we have)+0.303%+$30 · spread now −0.477%, 7d avg +0.074%

Together, before fees+1.527%+$153 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Binance is 0.551% cheaper against Injective than usual: you would sell low and buy high (−$55 if the spread goes back to its 7-day average of +0.074%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.224%, so the current rate has only just turned against you. The two prices were read 67 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	0.004404	0.0706	pay 0.0088% / 1h	54m 15s	$38K	$204K	12x
Short	Binance PUMPUSDT	0.004383	0.0100	get 0.0050% / 4h	54m 15s	$79.5M	$172.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.477%Rate

Funding earned: −$127.18
Price spread: −0.477% → +0.074%: −$55.12
Slippage, 4 orders: −$84.46
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Binance: 5 bp × 2 orders: −$10
Net: −$276.78
Costs to cover: 0.945%
Break-even: never at this rate

Slippage from Injective: live order book, 5 min ago; Binance: 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 Injective live order book, 5 min ago	15.93 bp	52.6 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 4 min ago	1.14 bp	7.8 bp −$8	16.0 bp −$160	54.2 bp −$5,421	258.8 bp −$129.4K

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
Backpack PUMP_USDC_PERP	−0.0585%	1h	0.004383	−0.481%	$776K	$199K	5x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004375	−0.656%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004377	−0.613%	$18K	$234K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004383	−0.477%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004383	−0.478%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004382	−0.500%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−2.361%	$28K	$820K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004380	−0.538%	$689K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004378	−0.590%	$486K	$817K	10x	as long as short
Binance PUMPUSDTshort	+0.0100%	4h	0.004383	−0.477%	$79.5M	$172.6M	75x

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004382	−0.500%	$23.8M	$97.0M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004378	−0.595%	$36K	$186K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004381	−0.522%	$64K	$99K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004381	−0.522%	$4.8M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004384	−0.454%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004382	−0.500%	$17.5M	$20.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004379	−0.568%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004389	−0.333%	$64K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004401	−0.075%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004390	−0.318%	$146K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004385	−0.431%	$97K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004380	−0.545%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004381	−0.525%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004382	−0.500%	$2K	$762K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004381	−0.522%	$275	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004367	−0.840%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004379	−0.568%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004380	−0.539%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004380	−0.545%	$70K	$11K	3x	as long as short
Nado PUMP-PERP	+0.0150%	1h	0.004381	−0.511%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004382	−0.500%	$59K	—	100x	as long as short
Extended PUMP-USD	+0.0208%	1h	0.004381	−0.513%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0256%	1h	0.004382	−0.500%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004402	−0.054%	$43K	$120K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004394	−0.227%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004384	−0.458%	$2	—	3x	as long as short
Hyperliquid PUMP	+0.0386%	1h	0.004387	−0.386%	$163.9M	$56.0M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004384	−0.454%	$692K	$5.8M	50x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004382	−0.490%	$521K	$1.0M	10x	as long as short
Injective PUMP/USDC PERPlong	+0.0706%	1h	0.004404	long leg	$38K	$204K	12x
Kraken Futures PF_PUMPUSD	+0.0808%	1h	0.004385	−0.438%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0885%	1h	0.004399	−0.107%	$581	$115K	10x	as long as short