Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0421%/8h= −46.1% APRpaid last 24h +0.419%

Price spread now: HTX against Injective−0.301%7-day average +0.051% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$263as in the Price arb table

costs, in and out, $10k−$2272.274% of the position

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.319%+$132 on $10k

Price spread, last 3 days (all we have)+0.255%+$26 · spread now −0.301%, 7d avg +0.051%

Together, before fees+1.574%+$157 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$13 a day on $10k at the current rate, and HTX is 0.352% cheaper against Injective than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of +0.051%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.319%, 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	0.004324	0.0521	pay 0.0065% / 1h	2m 38s	$38K	$207K	12x
Short	HTX PUMP-USDT	0.004311	0.0100	get 0.0050% / 4h	2h 02m	$21K	$147K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.301%Rate

Funding earned: −$88.33
Price spread: −0.301% → +0.051%: −$35.18
Slippage, 4 orders: −$215.38
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$350.91
Costs to cover: 2.274%
Break-even: never at this rate

Slippage from Injective: live order book, 21 min ago; HTX: live order book, 18 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, 21 min ago	17.33 bp	51.7 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell HTX live order book, 18 min ago	10.38 bp	72.8 bp −$73	doesn't fit	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
dYdX PUMP-USD	−0.5062%	1h	0.004322	−0.051%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0227%	1h	0.004318	−0.130%	$770K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004315	−0.208%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0058%	4h	0.004319	−0.116%	$22.6M	$95.6M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0025%	4h	0.004317	−0.162%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004319	−0.116%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004316	−0.178%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0068%	4h	0.004319	−0.116%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0080%	1h	0.004317	−0.162%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004320	−0.093%	$2.9M	$5.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.555%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004320	−0.088%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004314	−0.220%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004324	0.000%	$158.3M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004317	−0.156%	$778K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004321	−0.069%	$448K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004320	−0.086%	$76.7M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004308	−0.372%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004320	−0.093%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004322	−0.046%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004320	−0.093%	$17.1M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004318	−0.139%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004309	−0.350%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004309	−0.355%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004313	−0.254%	$136K	$771K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004318	−0.139%	$90K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004317	−0.150%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004319	−0.116%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004317	−0.162%	$712	$6K	10x	as long as short
HTX PUMP-USDTshort	+0.0100%	4h	0.004311	−0.301%	$21K	$147K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004317	−0.162%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004319	−0.116%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004316	−0.185%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004322	−0.046%	$490K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004314	−0.234%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004312	−0.278%	$654K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0308% / S −0.0226%	1h	0.004317	−0.162%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004316	−0.185%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004314	−0.224%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0348%	1h	0.004318	−0.130%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERPlong	+0.0521%	1h	0.004324	long leg	$38K	$207K	12x
Kraken Futures PF_PUMPUSD	+0.0687%	1h	0.004323	−0.017%	$1.3M	$3.5M	50x	as long as short