PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0475%/8h= −52.0% APRnext payment −$0.59 per $10,000 · paid last 24h +0.319%

Price spread now: Popdex against Injective−2.461%7-day average −1.267% · you buy dearer than you sell

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$225as in the Price arb table

costs, in and out, $10k−$1061.060% of the position

Long on Injective Short on Popdex

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.708%+$71 on $10k

Price spread, last 3 days (all we have)+0.736%+$74 · spread now −2.461%, 7d avg −1.267%

Together, before fees+1.444%+$144 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$14 a day on $10k at the current rate, and Popdex is 1.194% cheaper against Injective than usual: you would sell low and buy high (−$119 if the spread goes back to its 7-day average of −1.267%). Swap the legs. Mind the row above: over the last 3 days funding on this pair paid +0.708%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PUMP/USDC PERP	0.004511	0.0571	pay 0.0071% / 1h	0m 45s	$39K	$204K	12x
Short	Popdex PUMPUSDT	0.004400	0.0096	get 0.0012% / 1h	0m 45s	$28K	$778K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Popdex 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 PopdexbpOrdersPrice spread, now −2.461%Rate

Funding earned: −$99.69
Price spread: −2.461% → −1.267%: −$119.39
Slippage, 4 orders: −$99.59
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Popdex: 3.2 bp × 2 orders: −$6.4
Net: −$325.09
Costs to cover: 1.060%
Break-even: never at this rate

Slippage from Injective: live order book, 3 min ago; Popdex: live order book, 3 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, 3 min ago	17.81 bp	50.9 bp −$51	doesn't fit	doesn't fit	doesn't fit
Sell Popdex live order book, 3 min ago	1.11 bp	13.5 bp −$14	doesn't fit	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	−0.3895%	1h	0.004486	−0.552%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004483	−0.621%	$18K	$214K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004485	−0.576%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0089%	4h	0.004486	−0.554%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004490	−0.466%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDTshort	+0.0096%	1h	0.004400	−2.461%	$28K	$778K	20x
Nado PUMP-PERP	+0.0100%	1h	0.004484	−0.587%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004489	−0.490%	$695K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004490	−0.466%	$523K	$717K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004489	−0.490%	$82.0M	$167.3M	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	0.004486	−0.554%	$24.4M	$98.5M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004485	−0.570%	$21K	$172K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004486	−0.554%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004485	−0.576%	$4.9M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004491	−0.443%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004487	−0.532%	$17.7M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004489	−0.488%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004485	−0.565%	$798K	$186K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004494	−0.388%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004490	−0.475%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004493	−0.399%	$150K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004489	−0.488%	$100K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004485	−0.567%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004484	−0.599%	$2K	$742K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004486	−0.554%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004490	−0.466%	$21K	$116K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004485	−0.576%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004489	−0.496%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004483	−0.621%	$71K	$8K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0196%	1h	0.004487	−0.532%	$71K	$124K	25x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004498	−0.293%	$43K	$103K	10x	as long as short
Extended PUMP-USD	+0.0248%	1h	0.004488	−0.500%	$3.8M	$4.2M	50x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004489	−0.488%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004488	−0.521%	$530K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004485	−0.581%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0349% / S −0.0278%	1h	0.004485	−0.576%	$72K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004493	−0.399%	$706K	$5.9M	50x	as long as short
Injective PUMP/USDC PERPlong	+0.0571%	1h	0.004511	long leg	$39K	$204K	12x
Hyperliquid PUMP	+0.0712%	1h	0.004496	−0.333%	$168.5M	$55.4M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0870%	1h	0.004491	−0.434%	$593	$112K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1239%	1h	0.004492	−0.415%	$1.4M	$3.1M	50x	as long as short