Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0231%/8h= −25.3% APRpaid last 24h +0.393%

Price spread now: BloFin against Injective−0.204%7-day average +0.094% · you buy dearer than you sell

Net, funding: paid 7d − costs+$70as in the Funding arb table

Net, price: spread back to 7d avg − costs−$131as in the Price arb table

costs, in and out, $10k−$1011.010% of the position

Long on Injective Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+1.710%+$171 on $10k

Price spread, last 3 days (all we have)+0.084%+$8 · spread now −0.204%, 7d avg +0.094%

Together, before fees+1.794%+$179 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and BloFin is 0.299% cheaper against Injective than usual: you would sell low and buy high (−$30 if the spread goes back to its 7-day average of +0.094%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.710%, 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	0.004401	0.0571	pay 0.0071% / 1h	53m 28s	$39K	$203K	12x
Short	BloFin PUMP-USDT	0.004392	0.0340	get 0.0170% / 4h	2h 53m	$3.6M	$4.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now −0.204%Rate

Funding earned: −$48.45
Price spread: −0.204% → +0.094%: −$29.86
Slippage, 4 orders: −$88.94
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$179.27
Costs to cover: 1.010%
Break-even: never at this rate

Slippage from Injective: live order book, 15 min ago; BloFin: live order book, 10 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, 15 min ago	22.38 bp	46.8 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 10 min ago	4.49 bp	10.5 bp −$10	12.5 bp −$125	20.5 bp −$2,047	85.3 bp −$42.7K

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
ApeX Omni PUMPUSDT	−0.0223%	1h	0.004404	+0.068%	$139K	$759K	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004398	−0.065%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004404	+0.068%	$20K	$200K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004385	−0.364%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004405	+0.088%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0059%	4h	0.004406	+0.114%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004397	−0.091%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.023%	$27K	$771K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004400	−0.015%	$705K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004399	−0.045%	$475K	$654K	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	0.004405	+0.096%	$79.1M	$164.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004406	+0.114%	$23.5M	$96.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004393	−0.191%	$26K	$166K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004402	+0.023%	$39K	$60K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004404	+0.068%	$4.8M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004406	+0.114%	$23.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004406	+0.114%	$17.6M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004406	+0.114%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004391	−0.223%	$782K	$179K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004405	+0.096%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004394	−0.170%	$1.2M	$10.4M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004408	+0.159%	$102K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004386	−0.332%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004385	−0.364%	$2K	$732K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004388	−0.295%	$275	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004385	−0.364%	$21K	$117K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004387	−0.318%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004399	−0.047%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004401	+0.011%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004387	−0.318%	$70K	$9K	3x	as long as short
Nado PUMP-PERP	+0.0161%	1h	0.004405	+0.102%	$1.6M	$2.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0200%	1h	0.004407	+0.136%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004402	+0.014%	$39K	$103K	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004405	+0.091%	$481K	$995K	10x	as long as short
BloFin PUMP-USDTshort	+0.0340%	4h	0.004392	−0.204%	$3.6M	$4.3M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004407	+0.132%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0357% / S −0.0298%	1h	0.004404	+0.068%	$73K	—	100x	as long as short
Hyperliquid PUMP	+0.0367%	1h	0.004412	+0.250%	$162.3M	$53.8M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004392	−0.204%	$685K	$5.5M	50x	as long as short
Injective PUMP/USDC PERPlong	+0.0571%	1h	0.004401	long leg	$39K	$203K	12x
Aftermath Perps PUMPUSD	+0.0719%	1h	0.004413	+0.270%	$386	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1267%	1h	0.004392	−0.195%	$1.3M	$3.1M	50x	as long as short