PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0279%/8h= −30.5% APRnext payment −$0.35 per $10,000 · paid last 24h +0.154%

Price spread now: Deribit against Injective−0.644%7-day average +0.083% · you buy dearer than you sell

Net, funding: paid 7d − costs−$3as in the Funding arb table

Net, price: spread back to 7d avg − costs−$173as in the Price arb table

costs, in and out, $10k−$1001.002% of the position

Long on Injective Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.971%+$97 on $10k

Price spread, last 4 days (all we have)+0.553%+$55 · spread now −0.644%, 7d avg +0.083%

Together, before fees+1.524%+$152 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Deribit is 0.727% cheaper against Injective than usual: you would sell low and buy high (−$73 if the spread goes back to its 7-day average of +0.083%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.971%, 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	0.004505	0.0279	pay 0.0035% / 1h	58m 59s	$37K	$204K	12x
Short	Deribit PUMP_USDC-PERPETUAL	0.004476	0	get 0.0000% / 1h	58m 59s	$69K	$116K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now −0.644%Rate

Funding earned: −$58.52
Price spread: −0.644% → +0.083%: −$72.69
Slippage, 4 orders: −$93.22
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$231.45
Costs to cover: 1.002%
Break-even: never at this rate

Slippage from Injective: live order book, 45 min ago; Deribit: live order book, 40 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, 45 min ago	9.90 bp	56.3 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Deribit live order book, 40 min ago	5.52 bp	9.0 bp −$9	21.8 bp −$218	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	−0.0657%	1h	0.004476	−0.633%	$801K	$200K	5x	as long as short
dYdX PUMP-USD	−0.0006%	1h	0.004482	−0.511%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004475	−0.666%	$18K	$268K	20x	as long as short
Deribit PUMP_USDC-PERPETUALshort	0.0000%	1h	0.004476	−0.644%	$69K	$116K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004472	−0.725%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0062%	4h	0.004473	−0.710%	$4.9M	$10.1M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004477	−0.622%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.331%	$28K	$647K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004472	−0.721%	$1.6M	$2.1M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004481	−0.533%	$167.2M	$51.3M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004475	−0.664%	$819K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004478	−0.599%	$525K	$860K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004478	−0.597%	$81.9M	$172.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004477	−0.622%	$24.7M	$97.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004476	−0.646%	$27K	$149K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004478	−0.599%	$65K	$100K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004479	−0.577%	$24.2M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004476	−0.644%	$17.6M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004476	−0.644%	—	$14.2M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004487	−0.401%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004481	−0.529%	$1.2M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004487	−0.400%	$151K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004475	−0.666%	$103K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004474	−0.688%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004506	+0.018%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004473	−0.710%	$2K	$770K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004475	−0.666%	$243	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004476	−0.644%	$21K	$83K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004475	−0.666%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004478	−0.609%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004475	−0.660%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004472	−0.733%	$66K	$10K	3x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004475	−0.666%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERPlong	+0.0279%	1h	0.004505	long leg	$37K	$204K	12x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0302% / S −0.0274%	1h	0.004472	−0.733%	$64K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004479	−0.577%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004472	−0.738%	$2	—	3x	as long as short
Phoenix PUMP	+0.0405%	1h	0.004492	−0.295%	$47K	$136K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0449%	1h	0.004479	−0.587%	$1.1M	$3.5M	50x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0536%	1h	0.004478	−0.599%	$723K	$5.8M	50x	as long as short
RISEx PUMP/USDC	+0.0784%	1h	0.004476	−0.644%	$532K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1001%	1h	0.004500	−0.100%	$498	$112K	10x	as long as short