Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0082%/8h= −9.0% APRpaid last 24h +0.367%

Price spread now: KuCoin against Injective−0.068%85s7-day average +0.133% · you buy dearer than you sell

Net, funding: paid 7d − costs+$8as 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−$1221.223% of the position

Long on Injective Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+1.306%+$131 on $10k

Price spread, last 3 days (all we have)+0.191%+$19 · spread now −0.068%, 7d avg +0.133%

Together, before fees+1.497%+$150 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and KuCoin is 0.201% cheaper against Injective than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of +0.133%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.306%, so the current rate has only just turned against you. The two prices were read 85 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	0.004382	0.0182	pay 0.0023% / 1h	5m 54s	$39K	$207K	12x
Short	KuCoin PUMPUSDTM	0.004379	0.0100	get 0.0050% / 4h	5m 54s	$23.3M	$13.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.068%Rate

Funding earned: −$17.31
Price spread: −0.068% → +0.133%: −$20.1
Slippage, 4 orders: −$110.27
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$159.71
Costs to cover: 1.223%
Break-even: never at this rate

Slippage from Injective: live order book, 8 min ago; KuCoin: live order book, 3 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, 8 min ago	25.16 bp	43.3 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.14 bp	15.7 bp −$16	43.4 bp −$434	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	−0.0049%	1h	0.004379	−0.059%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004376	−0.137%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004378	−0.091%	$69K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004377	−0.112%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0019%	4h	0.004376	−0.137%	$22.9M	$97.2M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0027%	4h	0.004375	−0.160%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004376	−0.137%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.871%	$30K	$773K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004376	−0.140%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004375	−0.148%	$1.6M	$2.0M	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	0.004377	−0.103%	$727K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004378	−0.091%	$459K	$604K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004377	−0.123%	$78.2M	$164.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004376	−0.144%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004376	−0.137%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004377	−0.114%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTMshort	+0.0100%	4h	0.004379	−0.068%	$23.3M	$13.9M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004376	−0.137%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004376	−0.137%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004376	−0.128%	$780K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004375	−0.170%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004378	−0.098%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004378	−0.091%	$138K	$762K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004380	−0.046%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004377	−0.118%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004377	−0.114%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004375	−0.160%	$275	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004380	−0.046%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004376	−0.137%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004377	−0.122%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004375	−0.160%	$72K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0147%	1h	0.004381	−0.023%	$161.0M	$53.3M	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004380	−0.034%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERPlong	+0.0182%	1h	0.004382	long leg	$39K	$207K	12x
RISEx PUMP/USDC	+0.0194%	1h	0.004377	−0.105%	$489K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004378	−0.091%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004382	0.000%	$694K	$5.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0330% / S −0.0259%	1h	0.004376	−0.137%	$71K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004377	−0.114%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004375	−0.162%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0485%	1h	0.004377	−0.124%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0862%	1h	0.004381	−0.030%	$1.3M	$3.5M	50x	as long as short