Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0489%/8h= +53.5% APRpaid last 24h −0.218%

Price spread now: Injective against Gate+0.357%69s7-day average −0.061% · you sell dearer than you buy

Net, funding: paid 7d − costs−$233as 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−$1161.161% of the position

Long on Gate Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.171%−$117 on $10k

Price spread, last 4 days (all we have)−0.357%−$36 · spread now +0.357%, 7d avg −0.061%

Together, before fees−1.528%−$153 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$15 a day on $10k at the current rate, and Injective is 0.418% dearer against Gate than usual: you sell high and buy low: +$42 more if the spread goes back to its 7-day average of −0.061%. Mind the row above: over the last 7 days funding on this pair cost −1.171%, so the current rate has only just turned in your favour. The two prices were read 69 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	Gate PUMP_USDT	0.004482	0.0082	pay 0.0041% / 4h	2h 56m	$5.0M	$10.3M	75x
Short	Injective PUMP/USDC PERP	0.004498	0.0571	get 0.0071% / 1h	56m 08s	$39K	$204K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Gate. 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 GatebpFee InjectivebpOrdersPrice spread, now +0.357%Rate

Funding earned: $102.64
Price spread: +0.357% → −0.061%: $41.8
Slippage, 4 orders: −$101.12
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $28.31
Costs to cover: 1.161%
Break-even: 5.1 days

Slippage from Gate: live order book, 2 min ago; Injective: live order book, 58 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 Gate live order book, 2 min ago	2.23 bp	19.3 bp −$19	40.6 bp −$406	70.2 bp −$7,019	doesn't fit
Sell Injective live order book, 58 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	0.0000%	1h	0.004488	+0.136%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004481	−0.022%	$18K	$238K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004482	0.000%	$70K	$117K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004481	−0.020%	$56K	—	150x	as long as short
Gate PUMP_USDTlong	+0.0082%	4h	0.004482	long leg	$5.0M	$10.3M	75x
Lighter PUMP	+0.0096%	1h	0.004482	0.000%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.830%	$28K	$635K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004481	−0.022%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004482	+0.003%	$712K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004486	+0.089%	$537K	$763K	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	0.004481	−0.021%	$81.7M	$164.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004477	−0.112%	$24.6M	$95.0M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004497	+0.335%	$32K	$179K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004485	+0.067%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004486	+0.089%	$24.1M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004478	−0.089%	$17.7M	$18.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004483	+0.022%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004478	−0.085%	$800K	$203K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004489	+0.155%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004492	+0.224%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004486	+0.089%	$151K	$748K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004484	+0.045%	$108K	$2.0M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004483	+0.022%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004482	+0.005%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004481	−0.022%	$2K	$738K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004481	−0.022%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004478	−0.089%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004486	+0.089%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004483	+0.031%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004484	+0.045%	$67K	$10K	3x	as long as short
Extended PUMP-USD	+0.0240%	1h	0.004483	+0.028%	$3.9M	$3.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004480	−0.045%	$54K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004498	+0.357%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004485	+0.067%	$46K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004480	−0.050%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0352%	1h	0.004488	+0.134%	$6K	$600	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004490	+0.178%	$716K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0536%	1h	0.004484	+0.045%	$168.0M	$50.2M	10x	as long as short
Injective PUMP/USDC PERPshort	+0.0571%	1h	0.004498	+0.357%	$39K	$204K	12x
RISEx PUMP/USDC	+0.0682%	1h	0.004487	+0.107%	$533K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0817%	1h	0.004483	+0.030%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1138%	1h	0.004485	+0.074%	$520	$105K	10x	as long as short