Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0471%/8h= −51.6% APRpaid last 24h +0.176%

Price spread now: Aster against Injective+0.241%7-day average +0.062% · you sell dearer than you buy

Net, funding: paid 7d − costs+$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$82as in the Price arb table

costs, in and out, $10k−$1000.997% of the position

Long on Injective Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days+1.216%+$122 on $10k

Price spread, last 4 days (all we have)−0.197%−$20 · spread now +0.241%, 7d avg +0.062%

Together, before fees+1.019%+ Points / potential airdropAster: Stage 5 · farm board+$102 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aster is 0.179% dearer against Injective than usual: you sell high and buy low (spread +0.241% now, against its 7-day average of +0.062%): +$18 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 30 hours. Mind the row above: over the last 7 days funding on this pair paid +1.216%, 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	0.004439	0.0571	pay 0.0071% / 1h	22m 43s	$38K	$204K	12x
Short	Aster PUMPUSDT	0.004450	0.0100	get 0.0050% / 4h	2h 22m	$709K	$2.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now +0.241%Rate

Funding earned: −$98.86
Price spread: +0.241% → +0.062%: $17.87
Slippage, 4 orders: −$91.72
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Aster: 4 bp × 2 orders: −$8
Net: −$180.74
Costs to cover: 0.997%
Break-even: never at this rate

Slippage from Injective: live order book, 26 min ago; Aster: live order book, 1 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, 26 min ago	16.72 bp	52.0 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell Aster live order book, 1 min ago	4.50 bp	11.5 bp −$12	23.9 bp −$239	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	−0.0011%	1h	0.004453	+0.321%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004430	−0.203%	$18K	$244K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004429	−0.228%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004457	+0.405%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.879%	$29K	$638K	20x	as long as short
Aster PUMPUSDTshort	+0.0100%	4h	0.004450	+0.241%	$709K	$2.2M	50x
Pacifica PUMP	+0.0100%	1h	0.004436	−0.068%	$534K	$774K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004459	+0.451%	$81.7M	$166.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004462	+0.518%	$24.5M	$94.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004440	+0.018%	$26K	$166K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004433	−0.135%	$64K	$103K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004448	+0.203%	$4.9M	$10.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004453	+0.315%	$23.9M	$13.7M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004450	+0.248%	$17.6M	$18.8M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004450	+0.248%	—	$13.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004435	−0.099%	$798K	$203K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004435	−0.083%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004429	−0.217%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004436	−0.068%	$150K	$748K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004433	−0.135%	$112K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004430	−0.203%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004428	−0.239%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004433	−0.135%	$1K	$748K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004432	−0.158%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004432	−0.158%	$21K	$92K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004431	−0.180%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004452	+0.300%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004429	−0.225%	$66K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0104%	8h	0.004436	−0.059%	$42K	$276	5x	as long as short
Nado PUMP-PERP	+0.0129%	1h	0.004434	−0.101%	$1.6M	$2.0M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0200%	1h	0.004427	−0.270%	$53K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004433	−0.135%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004435	−0.090%	$3.7M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004430	−0.208%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004433	−0.135%	$45K	$119K	10x	as long as short
Hyperliquid PUMP	+0.0412%	1h	0.004453	+0.315%	$166.0M	$49.9M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0427%	1h	0.004433	−0.135%	$69K	$115K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004438	−0.023%	$705K	$5.5M	50x	as long as short
Injective PUMP/USDC PERPlong	+0.0571%	1h	0.004439	long leg	$38K	$204K	12x
RISEx PUMP/USDC	+0.0682%	1h	0.004434	−0.120%	$527K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0826%	1h	0.004434	−0.106%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1115%	1h	0.004440	+0.025%	$514	$104K	10x	as long as short