Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0253%/8h= −27.7% APRpaid last 24h +0.143%

Price spread now: Gate against Injective−0.044%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs−$2as in the Funding arb table

Net, price: spread back to 7d avg − costs−$127as in the Price arb table

costs, in and out, $10k−$1171.173% of the position

Long on Injective Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+1.152%+$115 on $10k

Price spread, last 4 days (all we have)−0.074%−$7 · spread now −0.044%, 7d avg +0.048%

Together, before fees+1.079%+$108 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 Gate is 0.092% cheaper against Injective than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.048%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.152%, 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	0.004502	0.0279	pay 0.0035% / 1h	43m 19s	$37K	$204K	12x
Short	Gate PUMP_USDT	0.004500	0.0026	get 0.0013% / 4h	43m 19s	$5.0M	$10.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.044%Rate

Funding earned: −$53.06
Price spread: −0.044% → +0.048%: −$9.24
Slippage, 4 orders: −$102.3
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$179.62
Costs to cover: 1.173%
Break-even: never at this rate

Slippage from Injective: live order book, 61 min ago; Gate: live order book, 5 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, 61 min ago	9.90 bp	56.3 bp −$56	doesn't fit	doesn't fit	doesn't fit
Sell Gate live order book, 5 min ago	2.22 bp	17.3 bp −$17	41.5 bp −$415	77.3 bp −$7,729	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
dYdX PUMP-USD	0.0000%	1h	0.004499	−0.064%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004500	−0.044%	$18K	$266K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004500	−0.047%	$55K	—	150x	as long as short
Gate PUMP_USDTshort	+0.0026%	4h	0.004500	−0.044%	$5.0M	$10.2M	75x
Lighter PUMP	+0.0096%	1h	0.004502	0.000%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.044%	$29K	$647K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004498	−0.089%	$823K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004500	−0.044%	$531K	$865K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004501	−0.029%	$82.3M	$173.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004498	−0.089%	$24.8M	$98.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004496	−0.122%	$27K	$150K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004505	+0.067%	$65K	$100K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004504	+0.044%	$24.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004500	−0.044%	$17.7M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004500	−0.044%	—	$14.2M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004498	−0.091%	$805K	$202K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004508	+0.142%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004500	−0.038%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004506	+0.089%	$152K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004505	+0.067%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004501	−0.022%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004499	−0.065%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004501	−0.022%	$1K	$773K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004500	−0.044%	$253	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004498	−0.089%	$21K	$79K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004500	−0.044%	$1.9M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004502	+0.005%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004499	−0.060%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004499	−0.067%	$67K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0184%	1h	0.004503	+0.033%	$1.6M	$2.1M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0194%	1h	0.004502	0.000%	$69K	$116K	25x	as long as short
Hyperliquid PUMP	+0.0215%	1h	0.004508	+0.133%	$168.2M	$51.1M	10x	as long as short
01 Exchange PUMPUSD	+0.0272%	1h	0.004504	+0.044%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERPlong	+0.0279%	1h	0.004502	long leg	$37K	$204K	12x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0303% / S −0.0274%	1h	0.004501	−0.022%	$64K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004502	0.000%	$3.8M	$4.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004502	−0.006%	$2	—	3x	as long as short
Phoenix PUMP	+0.0410%	1h	0.004504	+0.036%	$47K	$139K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0447%	1h	0.004502	+0.005%	$1.1M	$3.5M	50x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0536%	1h	0.004505	+0.067%	$727K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0784%	1h	0.004505	+0.060%	$537K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0956%	1h	0.004501	−0.023%	$498	$113K	10x	as long as short