Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:14 UTC−0.0571%/8h= −62.5% APRpaid last 24h +0.148%

Price spread now: Perpl against Injective−0.178%54s7-day average +0.059% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days+1.030%+$103 on $10k

Price spread, last 4 days (all we have)+0.248%+$25 · spread now −0.178%, 7d avg +0.059%

Together, before fees+1.278%+ Points / potential airdropPerpl: Active · farm board+$128 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$17 a day on $10k at the current rate, and Perpl is 0.237% cheaper against Injective than usual: you would sell low and buy high (−$24 if the spread goes back to its 7-day average of +0.059%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.030%, so the current rate has only just turned against you. The two prices were read 54 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	0.004502	0.0571	pay 0.0071% / 1h	43m 49s	$39K	$204K	12x
Short	Perpl PUMP	0.004494	0	get 0.0000% / 43m	23m 49s	$18K	$237K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl 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 PerplbpOrdersPrice spread, now −0.178%Rate

Funding earned: −$119.86
Price spread: −0.178% → +0.059%: −$23.7
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$157.39
Costs to cover: 0.138%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 5 min ago; Perpl: no order-book sample. Net counts fees only.

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, 5 min ago	16.72 bp	52.0 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0017%	1h	0.004490	−0.262%	$21K	$11K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004494	−0.178%	$18K	$237K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004494	−0.178%	$70K	$115K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004494	−0.168%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0044%	4h	0.004478	−0.533%	$5.0M	$10.3M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004482	−0.444%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.266%	$28K	$617K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004494	−0.167%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004479	−0.509%	$716K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004494	−0.178%	$538K	$761K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004479	−0.509%	$81.7M	$163.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004477	−0.555%	$24.6M	$94.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004498	−0.080%	$32K	$168K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004496	−0.133%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004484	−0.400%	$24.0M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004481	−0.466%	$17.8M	$18.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004477	−0.555%	—	$13.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004492	−0.220%	$805K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004495	−0.151%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004504	+0.045%	$1.3M	$10.1M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004499	−0.067%	$152K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004498	−0.089%	$111K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004493	−0.200%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004493	−0.209%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004493	−0.200%	$2K	$735K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004492	−0.222%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004486	−0.355%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004493	−0.200%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004498	−0.084%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004490	−0.267%	$67K	$10K	3x	as long as short
Extended PUMP-USD	+0.0144%	1h	0.004480	−0.482%	$3.8M	$3.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004493	−0.200%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004497	−0.111%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004490	−0.267%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004495	−0.161%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004499	−0.058%	$46K	$119K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004501	−0.022%	$723K	$5.5M	50x	as long as short
Injective PUMP/USDC PERPlong	+0.0571%	1h	0.004502	long leg	$39K	$204K	12x
Hyperliquid PUMP	+0.0572%	1h	0.004489	−0.289%	$168.4M	$48.4M	10x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004498	−0.089%	$534K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0815%	1h	0.004494	−0.187%	$1.0M	$3.2M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1091%	1h	0.004496	−0.134%	$521	$102K	10x	as long as short