PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0471%/8h= −51.5% APRnext payment −$0.59 per $10,000 · paid last 24h +0.289%

Price spread now: Backpack against Injective+0.205%72s7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs+$5as 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−$1000.997% of the position

Long on Injective Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 7 days+1.045%+$105 on $10k

Price spread, last 3 days (all we have)−0.366%−$37 · spread now +0.205%, 7d avg +0.047%

Together, before fees+0.679%+$68 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Backpack is 0.158% dearer against Injective than usual: you sell high and buy low (spread +0.205% now, against its 7-day average of +0.047%): +$16 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 27 hours. Mind the row above: over the last 7 days funding on this pair paid +1.045%, so the current rate has only just turned against you. The two prices were read 72 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	0.004492	0.0571	pay 0.0071% / 1h	27m 49s	$39K	$203K	12x
Short	Backpack PUMP_USDC_PERP	0.004501	0.0100	get 0.0013% / 1h	27m 49s	$797K	$185K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack 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 BackpackbpOrdersPrice spread, now +0.205%Rate

Funding earned: −$98.85
Price spread: +0.205% → +0.047%: $15.82
Slippage, 4 orders: −$89.72
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$182.77
Costs to cover: 0.997%
Break-even: never at this rate

Slippage from Injective: live order book, 41 min ago; Backpack: live order book, 41 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, 41 min ago	22.38 bp	46.8 bp −$47	doesn't fit	doesn't fit	doesn't fit
Sell Backpack live order book, 41 min ago	1.79 bp	13.3 bp −$13	23.6 bp −$236	doesn't fit	doesn't fit

PUMP on 41 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	−0.1887%	1h	0.004486	−0.128%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004493	+0.022%	$18K	$207K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004496	+0.090%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0070%	4h	0.004497	+0.111%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004502	+0.223%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.048%	$29K	$770K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004492	+0.011%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004502	+0.213%	$729K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004487	−0.111%	$492K	$662K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004502	+0.230%	$81.2M	$165.9M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004500	+0.178%	$24.3M	$98.7M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004480	−0.258%	$21K	$170K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004493	+0.022%	$40K	$63K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004498	+0.134%	$4.8M	$10.9M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004504	+0.267%	$24.0M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004500	+0.178%	$17.8M	$19.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004502	+0.223%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERPshort	+0.0100%	1h	0.004501	+0.205%	$797K	$185K	5x
edgeX PUMPUSDC	+0.0100%	4h	0.004488	−0.094%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004466	−0.579%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004485	−0.156%	$139K	$754K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004498	+0.134%	$104K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004496	+0.100%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004494	+0.045%	$2K	$737K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004499	+0.156%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004501	+0.200%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004505	+0.289%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004494	+0.041%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004499	+0.164%	$3.8M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004495	+0.067%	$72K	$8K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0195%	1h	0.004499	+0.156%	$71K	$124K	25x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004489	−0.076%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0248%	1h	0.004497	+0.111%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004496	+0.078%	$531K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004494	+0.040%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0360% / S −0.0290%	1h	0.004493	+0.022%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004509	+0.378%	$719K	$5.8M	50x	as long as short
Injective PUMP/USDC PERPlong	+0.0571%	1h	0.004492	long leg	$39K	$203K	12x
Hyperliquid PUMP	+0.0622%	1h	0.004509	+0.378%	$168.4M	$54.7M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0746%	1h	0.004472	−0.436%	$592	$111K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1235%	1h	0.004508	+0.349%	$1.3M	$3.1M	50x	as long as short