Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0319%/8h= +34.9% APRpaid last 24h −0.219%

Price spread now: Injective against Binance+0.432%117s7-day average −0.073% · you sell dearer than you buy

Net, funding: paid 7d − costs−$215as 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−$950.945% of the position

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.207%−$121 on $10k

Price spread, last 4 days (all we have)−0.454%−$45 · spread now +0.432%, 7d avg −0.073%

Together, before fees−1.661%−$166 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Injective is 0.504% dearer against Binance than usual: you sell high and buy low: +$50 more if the spread goes back to its 7-day average of −0.073%. Mind the row above: over the last 7 days funding on this pair cost −1.207%, so the current rate has only just turned in your favour. The two prices were read 117 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	Binance PUMPUSDT	0.004488	0.0100	pay 0.0050% / 4h	3h 01m	$81.7M	$164.7M	75x
Short	Injective PUMP/USDC PERP	0.004507	0.0419	get 0.0052% / 1h	1m 22s	$39K	$204K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Binance. 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 BinancebpFee InjectivebpOrdersPrice spread, now +0.432%Rate

Funding earned: $66.93
Price spread: +0.432% → −0.073%: $50.44
Slippage, 4 orders: −$84.49
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $22.86
Costs to cover: 0.945%
Break-even: 4.6 days

Slippage from Binance: live order book, 12 min ago; Injective: live order book, 52 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 Binance live order book, 12 min ago	1.11 bp	9.1 bp −$9	17.8 bp −$178	58.1 bp −$5,806	275.5 bp −$137.8K
Sell Injective live order book, 52 min ago	19.16 bp	28.9 bp −$29	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	−0.1978%	1h	0.004488	+0.011%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004490	+0.053%	$18K	$238K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004489	+0.031%	$70K	$118K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004486	−0.039%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0066%	4h	0.004488	+0.008%	$5.0M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004492	+0.098%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.952%	$31K	$618K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004490	+0.064%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004488	0.000%	$712K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004492	+0.098%	$499K	$755K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDTlong	+0.0100%	4h	0.004488	long leg	$81.7M	$164.7M	75x
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004487	−0.014%	$24.6M	$95.1M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004494	+0.144%	$32K	$184K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004494	+0.142%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004493	+0.120%	$24.1M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004488	+0.008%	$17.7M	$18.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004487	−0.014%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004484	−0.076%	$802K	$204K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004494	+0.134%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004487	−0.020%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004499	+0.254%	$151K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004496	+0.187%	$107K	$2.0M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004488	+0.008%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004487	−0.004%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004490	+0.053%	$2K	$738K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004488	+0.008%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004480	−0.170%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004487	−0.014%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004492	+0.102%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004489	+0.031%	$67K	$10K	3x	as long as short
Extended PUMP-USD	+0.0256%	1h	0.004491	+0.082%	$3.9M	$3.8M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004484	−0.081%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0336%	1h	0.004493	+0.120%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004495	+0.164%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004498	+0.242%	$46K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004490	+0.048%	$2	—	3x	as long as short
Injective PUMP/USDC PERPshort	+0.0419%	1h	0.004507	+0.432%	$39K	$204K	12x
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004494	+0.142%	$718K	$5.6M	50x	as long as short
Hyperliquid PUMP	+0.0524%	1h	0.004498	+0.231%	$168.7M	$50.1M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004495	+0.153%	$534K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0653%	1h	0.004492	+0.090%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1138%	1h	0.004490	+0.051%	$720	$106K	10x	as long as short