Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0380%/8h= −41.6% APRpaid last 24h +0.346%

Price spread now: BingX against Injective−0.045%7-day average +0.058% · you buy dearer than you sell

Net, funding: paid 7d − costs+$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$102as in the Price arb table

costs, in and out, $10k−$920.917% of the position

Long on Injective Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.304%+$130 on $10k

Price spread, last 3 days (all we have)−0.096%−$10 · spread now −0.045%, 7d avg +0.058%

Together, before fees+1.208%+$121 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and BingX is 0.103% cheaper against Injective than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of +0.058%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.304%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PUMP/USDC PERP	0.004444	0.0480	pay 0.0060% / 1h	20m 35s	$39K	$203K	12x
Short	BingX PUMP-USDT	0.004442	0.0100	get 0.0050% / 4h	3h 20m	—	$12.8M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.045%Rate

Funding earned: −$79.85
Price spread: −0.045% → +0.058%: −$10.33
Slippage, 4 orders: −$81.64
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BingX: 5 bp × 2 orders: −$10
Net: −$181.84
Costs to cover: 0.917%
Break-even: never at this rate

Slippage from Injective: live order book, 53 min ago; BingX: live order book, 3 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, 53 min ago	25.16 bp	43.3 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	1.13 bp	6.1 bp −$6	8.7 bp −$87	30.3 bp −$3,031	122.9 bp −$61.4K

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
dYdX PUMP-USD	−0.0036%	1h	0.004444	+0.006%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004438	−0.135%	$19K	$204K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004439	−0.113%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004437	−0.157%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0052%	4h	0.004437	−0.158%	$42K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0087%	4h	0.004438	−0.135%	$23.4M	$98.3M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004442	−0.045%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.990%	$29K	$777K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004439	−0.101%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004440	−0.093%	$721K	$2.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004442	−0.045%	$469K	$626K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004440	−0.090%	$79.8M	$164.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004440	−0.097%	$26K	$168K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004443	−0.023%	$43K	$52K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004442	−0.045%	$4.8M	$10.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004443	−0.023%	$23.5M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004441	−0.068%	$17.8M	$19.2M	75x	as long as short
BingX PUMP-USDTshort	+0.0100%	4h	0.004442	−0.045%	—	$12.8M	—
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004438	−0.128%	$790K	$174K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004433	−0.258%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004441	−0.068%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004436	−0.180%	$140K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004441	−0.068%	$104K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004437	−0.157%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004439	−0.113%	$2K	$726K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004439	−0.113%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004439	−0.113%	$21K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004441	−0.068%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004440	−0.080%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004441	−0.057%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004434	−0.225%	$71K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004446	+0.045%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004450	+0.126%	$40K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004444	0.000%	$485K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004441	−0.068%	$3.5M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004437	−0.162%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0350% / S −0.0289%	1h	0.004436	−0.180%	$74K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004443	−0.023%	$689K	$5.6M	50x	as long as short
Hyperliquid PUMP	+0.0473%	1h	0.004449	+0.113%	$163.5M	$53.5M	10x	as long as short
Injective PUMP/USDC PERPlong	+0.0480%	1h	0.004444	long leg	$39K	$203K	12x
Aftermath Perps PUMPUSD	+0.0636%	1h	0.004440	−0.088%	$388	$108K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0926%	1h	0.004445	+0.024%	$1.3M	$3.5M	50x	as long as short