Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0449%/8h= +49.2% APRpaid last 24h −0.330%

Price spread now: Injective against OKX−0.251%7-day average −0.050% · you buy dearer than you sell

Net, funding: paid 7d − costs−$220as in the Funding arb table

Net, price: spread back to 7d avg − costs−$116as in the Price arb table

costs, in and out, $10k−$960.956% of the position

Long on OKX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.246%−$125 on $10k

Price spread, last 3 days (all we have)+0.355%+$35 · spread now −0.251%, 7d avg −0.050%

Together, before fees−0.892%−$89 on $10k · with fees, hour by hour

Funding pays, the price is against you. Injective is 0.200% cheaper against OKX than usual: you would sell low and buy high (spread −0.251% now, against its 7-day average of −0.050%). If the spread goes back, that is −$20 on $10k: about 36 hours of funding at the current rate (+$13 a day). Mind the row above: over the last 7 days funding on this pair cost −1.246%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX PUMP-USDT-SWAP	0.004389	0.0031	pay 0.0016% / 4h	3h 42m	$23.0M	$97.2M	50x
Short	Injective PUMP/USDC PERP	0.004378	0.0480	get 0.0060% / 1h	42m 41s	$39K	$203K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against OKX. 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 OKXbpFee InjectivebpOrdersPrice spread, now −0.251%Rate

Funding earned: $94.27
Price spread: −0.251% → −0.050%: −$20.05
Slippage, 4 orders: −$85.53
Fee OKX: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$21.32
Costs to cover: 0.956%
Break-even: 8.6 days

Slippage from OKX: live order book, 1 min ago; Injective: live order book, 31 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 OKX live order book, 1 min ago	1.14 bp	9.7 bp −$10	24.9 bp −$249	doesn't fit	doesn't fit
Sell Injective live order book, 31 min ago	25.16 bp	34.5 bp −$34	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
Backpack PUMP_USDC_PERP	−0.0114%	1h	0.004381	−0.171%	$781K	$177K	5x	as long as short
dYdX PUMP-USD	−0.0019%	1h	0.004388	−0.019%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004383	−0.137%	$18K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004385	−0.091%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004384	−0.113%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAPlong	+0.0031%	4h	0.004389	long leg	$23.0M	$97.2M	50x
Orderly PERP_PUMP_USDC	+0.0041%	4h	0.004384	−0.114%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004388	−0.023%	$2.9M	$5.3M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−2.028%	$33K	$775K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004390	+0.031%	$42K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004381	−0.171%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004386	−0.063%	$719K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004389	0.000%	$458K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004389	0.000%	$78.5M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004364	−0.572%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004391	+0.046%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004389	0.000%	$4.7M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004390	+0.023%	$23.3M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004390	+0.023%	$17.6M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004390	+0.023%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004360	−0.653%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004372	−0.388%	$1.2M	$10.1M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004365	−0.547%	$138K	$759K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004385	−0.091%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004384	−0.114%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004386	−0.068%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004382	−0.159%	$276	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004379	−0.228%	$21K	$136K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004381	−0.182%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004391	+0.036%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004385	−0.091%	$70K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0192%	1h	0.004385	−0.091%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004370	−0.444%	$40K	$99K	10x	as long as short
Hyperliquid PUMP	+0.0269%	1h	0.004394	+0.114%	$161.7M	$53.2M	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004393	+0.084%	$480K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004379	−0.228%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004381	−0.186%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0346% / S −0.0288%	1h	0.004384	−0.114%	$74K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004390	+0.023%	$692K	$5.6M	50x	as long as short
Injective PUMP/USDC PERPshort	+0.0480%	1h	0.004378	−0.251%	$39K	$203K	12x
Aftermath Perps PUMPUSD	+0.0533%	1h	0.004369	−0.456%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0938%	1h	0.004387	−0.044%	$1.3M	$3.5M	50x	as long as short