Funding you earn now, next payment 00:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h +0.361%
Price spread now: Coinbase International against Injective+0.183%64s7-day average +0.102% · you sell dearer than you buy
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−$1041.042% of the position
Funding, last 7 days+1.275%+$127 on $10k
+Price spread, last 3 days (all we have)−0.348%−$35 · spread now +0.183%, 7d avg +0.102%
=The price spread pays, funding is against you. Coinbase International is 0.081% dearer against Injective than usual: you sell high and buy low (spread +0.183% now, against its 7-day average of +0.102%): +$8 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.1 days. Mind the row above: over the last 7 days funding on this pair paid +1.275%, so the current rate has only just turned against you. The two prices were read 64 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 | 0.004368 | 0.0480 | pay 0.0060% / 1h | 43m 27s | $38K | $203K | 12x |
| Short | Coinbase International PUMP-PERP-INTX | 0.004376 | 0.0352 | get 0.0044% / 1h | 43m 27s | $689K | $5.5M | 50x |
Injective PUMP/USDC PERP
Coinbase International PUMP-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Injective. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$26.93
- Price spread: +0.183% → +0.102%
- $8.07
- Slippage, 4 orders
- −$94.19
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$123.07
- Costs to cover
- 1.042%
- Break-even
- never at this rate
Slippage from Injective: live order book, 30 min ago; Coinbase International: live order book, 6 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, 30 min ago | 25.16 bp | 43.3 bp −$43 | doesn't fit | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 6 min ago | 4.58 bp | 11.7 bp −$12 | 16.8 bp −$168 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Backpack PUMP_USDC_PERP | −0.0159% | 1h | 0.004367 | −0.023% | $778K | $178K | 5x | as long as short |
| dYdX PUMP-USD | −0.0020% | 1h | 0.004379 | +0.252% | $20K | $9K | 5x | as long as short |
| Perpl PUMP | 0.0000% | 43m | 0.004383 | +0.343% | $18K | $206K | 20x | as long as short |
| Deribit PUMP_USDC-PERPETUAL | 0.0000% | 1h | 0.004366 | −0.046% | $69K | $125K | 25x | as long as short |
| gTrade (Gains Network) PUMP/USD | L +0.0003% / S −0.0002% | 1h | 0.004384 | +0.367% | $55K | — | 150x | as long as short |
| OKX PUMP-USDT-SWAP | +0.0031% | 4h | 0.004384 | +0.366% | $22.9M | $97.1M | 50x | as long as short |
| Orderly PERP_PUMP_USDC | +0.0041% | 4h | 0.004384 | +0.366% | $41K | $10K | 10x | as long as short |
| Lighter PUMP | +0.0096% | 1h | 0.004375 | +0.160% | $2.9M | $5.3M | 10x | as long as short |
| Popdex PUMPUSDT | +0.0096% | 1h | 0.004300 | −1.557% | $33K | $775K | 20x | as long as short |
| Paradex PUMP-USD-PERP | +0.0100% | 8h | 0.004377 | +0.201% | $42K | — | 5x | as long as short |
Backpack PUMP_USDC_PERP
dYdX PUMP-USD
Perpl PUMP
Deribit PUMP_USDC-PERPETUAL
gTrade (Gains Network) PUMP/USD
OKX PUMP-USDT-SWAP
Orderly PERP_PUMP_USDC
Lighter PUMP
Popdex PUMPUSDT
Paradex PUMP-USD-PERPShow all 42 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Nado PUMP-PERP | +0.0100% | 1h | 0.004381 | +0.309% | $1.6M | $2.0M | 10x | as long as short |
| Aster PUMPUSDT | +0.0100% | 4h | 0.004381 | +0.301% | $718K | $2.3M | 50x | as long as short |
| Pacifica PUMP | +0.0100% | 1h | 0.004377 | +0.206% | $457K | $606K | 10x | as long as short |
| Binance PUMPUSDT | +0.0100% | 4h | 0.004384 | +0.366% | $78.4M | $163.8M | 75x | as long as short |
| Ondo Perps PUMP-USD.P | +0.0100% | 1h | 0.004364 | −0.094% | $26K | $165K | 5x | as long as short |
| Arcus PUMP-USD | +0.0100% | 1h | 0.004381 | +0.298% | $42K | $53K | 10x | as long as short |
| Gate PUMP_USDT | +0.0100% | 4h | 0.004380 | +0.275% | $4.7M | $10.5M | 75x | as long as short |
| KuCoin PUMPUSDTM | +0.0100% | 4h | 0.004385 | +0.389% | $23.3M | $13.8M | 50x | as long as short |
| Bitget PUMPUSDT | +0.0100% | 4h | 0.004380 | +0.275% | $17.5M | $19.1M | 75x | as long as short |
| BingX PUMP-USDT | +0.0100% | 4h | 0.004384 | +0.366% | — | $12.8M | — | as long as short |
| edgeX PUMPUSDC | +0.0100% | 4h | 0.004360 | −0.175% | $64K | $3.0M | 20x | as long as short |
| GRVT PUMP_USDT_Perp | +0.0100% | 4h | 0.004372 | +0.091% | $1.2M | $10.1M | 10x | as long as short |
| ApeX Omni PUMPUSDT | +0.0100% | 1h | 0.004365 | −0.069% | $138K | $759K | 50x | as long as short |
| Polymarket Perps PUMP-USD | +0.0100% | 1h | 0.004385 | +0.389% | $96K | $1.9M | 10x | as long as short |
| Derive PUMP-PERP | +0.0100% | 1h | 0.004367 | −0.032% | $5K | $13K | 6.7x | as long as short |
| SunX PUMP-USDT | +0.0100% | 4h | 0.004367 | −0.023% | $2K | $722K | 20x | as long as short |
| SoDEX PUMP-USD | +0.0100% | 1h | 0.004366 | −0.046% | $282 | $7K | 10x | as long as short |
| HTX PUMP-USDT | +0.0100% | 4h | 0.004364 | −0.092% | $21K | $136K | 20x | as long as short |
| Phemex PUMPUSDT | +0.0100% | 4h | 0.004367 | −0.023% | $2.0M | $4.0M | 20x | as long as short |
| Extended PUMP-USD | +0.0104% | 1h | 0.004379 | +0.242% | $3.6M | $3.6M | 50x | as long as short |
| Aevo PUMP-PERP | +0.0104% | 1h | 0.004385 | +0.389% | $70K | $12K | 3x | as long as short |
| 01 Exchange PUMPUSD | +0.0192% | 1h | 0.004385 | +0.389% | $6K | $830 | 10x | as long as short |
| Phoenix PUMP | +0.0237% | 1h | 0.004370 | +0.034% | $40K | $99K | 10x | as long as short |
| Hyperliquid PUMP | +0.0263% | 1h | 0.004388 | +0.458% | $161.4M | $53.2M | 10x | as long as short |
| RISEx PUMP/USDC | +0.0297% | 1h | 0.004383 | +0.351% | $479K | $1.0M | 10x | as long as short |
| BloFin PUMP-USDT | +0.0340% | 4h | 0.004366 | −0.046% | $3.5M | $4.1M | 75x | as long as short |
| Reya PUMPRUSDPERP | +0.0344% | 1h | 0.004381 | +0.294% | $2 | — | 3x | as long as short |
| GMX PUMP/USD [WBTC.b-USDC] | L +0.0346% / S −0.0288% | 1h | 0.004384 | +0.366% | $74K | — | 100x | as long as short |
| Coinbase International PUMP-PERP-INTXshort | +0.0352% | 1h | 0.004376 | +0.183% | $689K | $5.5M | 50x | |
| Injective PUMP/USDC PERPlong | +0.0480% | 1h | 0.004368 | long leg | $38K | $203K | 12x | |
| Aftermath Perps PUMPUSD | +0.0533% | 1h | 0.004369 | +0.023% | $382 | $106K | 10x | as long as short |
| Kraken Futures PF_PUMPUSD | +0.0941% | 1h | 0.004371 | +0.080% | $1.3M | $3.5M | 50x | as long as short |
Nado PUMP-PERP
Aster PUMPUSDT
Pacifica PUMP
Binance PUMPUSDT
Ondo Perps PUMP-USD.P
Arcus PUMP-USD
Gate PUMP_USDT
KuCoin PUMPUSDTM
Bitget PUMPUSDT
BingX PUMP-USDT
edgeX PUMPUSDC
GRVT PUMP_USDT_Perp
ApeX Omni PUMPUSDT
Polymarket Perps PUMP-USD
Derive PUMP-PERP
SunX PUMP-USDT
SoDEX PUMP-USD
HTX PUMP-USDT
Phemex PUMPUSDT
Extended PUMP-USD
Aevo PUMP-PERP
01 Exchange PUMPUSD
Phoenix PUMP
Hyperliquid PUMP
RISEx PUMP/USDC
BloFin PUMP-USDT
Reya PUMPRUSDPERP
GMX PUMP/USD [WBTC.b-USDC]
Aftermath Perps PUMPUSD
Kraken Futures PF_PUMPUSD