Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0082%/8h= +9.0% APRpaid last 24h −0.367%

Price spread now: Injective against Binance+0.273%67s7-day average −0.083% · you sell dearer than you buy

Net, funding: paid 7d − costs−$221as 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−$950.951% of the position

Long on Binance Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.255%−$126 on $10k

Price spread, last 3 days (all we have)−0.296%−$30 · spread now +0.273%, 7d avg −0.083%

Together, before fees−1.551%−$155 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Injective is 0.356% dearer against Binance than usual: you sell high and buy low: +$36 more if the spread goes back to its 7-day average of −0.083%. Mind the row above: over the last 7 days funding on this pair cost −1.255%, so the current rate has only just turned in your favour. The two prices were read 67 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	0.004391	0.0100	pay 0.0050% / 4h	52m 04s	$78.3M	$164.4M	75x
Short	Injective PUMP/USDC PERP	0.004403	0.0182	get 0.0023% / 1h	52m 04s	$39K	$207K	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 +0.273%Rate

Funding earned: $17.31
Price spread: +0.273% → −0.083%: $35.62
Slippage, 4 orders: −$85.08
Fee Binance: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$42.17
Costs to cover: 0.951%
Break-even: 24.1 days

Slippage from Binance: live order book, 6 min ago; Injective: live order book, 27 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, 6 min ago	1.14 bp	8.7 bp −$9	15.0 bp −$150	52.8 bp −$5,281	380.4 bp −$190.2K
Sell Injective live order book, 27 min ago	12.67 bp	21.9 bp −$22	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
OKX PUMP-USDT-SWAP	−0.0020%	4h	0.004388	−0.068%	$23.0M	$97.1M	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004400	+0.214%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004390	−0.023%	$18K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004391	0.000%	$70K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004391	−0.010%	$56K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0003%	4h	0.004390	−0.023%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004392	+0.023%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−2.072%	$29K	$765K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004391	+0.002%	$42K	—	5x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004393	+0.046%	$735K	$2.2M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004393	+0.046%	$458K	$605K	10x	as long as short
Binance PUMPUSDTlong	+0.0100%	4h	0.004391	long leg	$78.3M	$164.4M	75x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004399	+0.173%	$26K	$176K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004392	+0.023%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004391	0.000%	$4.7M	$11.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004393	+0.046%	$23.2M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004391	0.000%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004390	−0.023%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004390	−0.014%	$782K	$183K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004404	+0.291%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004411	+0.449%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004402	+0.251%	$139K	$767K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004389	−0.034%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004395	+0.091%	$98K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004391	−0.011%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004392	+0.023%	$1K	$718K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004391	0.000%	$284	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004387	−0.091%	$22K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004394	+0.068%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004390	−0.031%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004392	+0.023%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004413	+0.508%	$40K	$100K	10x	as long as short
Injective PUMP/USDC PERPshort	+0.0182%	1h	0.004403	+0.273%	$39K	$207K	12x
RISEx PUMP/USDC	+0.0194%	1h	0.004393	+0.046%	$489K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004394	+0.068%	$6K	$572	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004411	+0.455%	$699K	$5.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0319% / S −0.0239%	1h	0.004391	0.000%	$69K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004402	+0.251%	$3.5M	$3.9M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004391	−0.002%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0442%	1h	0.004394	+0.057%	$183	$106K	10x	as long as short
Hyperliquid PUMP	+0.0532%	1h	0.004396	+0.114%	$161.9M	$52.9M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0859%	1h	0.004396	+0.124%	$1.3M	$3.5M	50x	as long as short