PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0128%/8h= −14.0% APRnext payment −$0.16 per $10,000 · paid last 24h +0.361%

Price spread now: Coinbase International against Injective+0.156%64s7-day average +0.102% · 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—prices read too far apart to compare

costs, in and out, $10k−$1051.054% of the position

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+1.275%+$127 on $10k

Price spread, last 3 days (all we have)−0.321%−$32 · spread now +0.156%, 7d avg +0.102%

Together, before fees+0.954%+$95 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.053% dearer against Injective than usual: you sell high and buy low (spread +0.156% now, against its 7-day average of +0.102%): +$5 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 33 hours. Mind the row above: over the last 7 days funding on this pair paid +1.275%, so the current rate has only just turned against you. The two prices were read 64 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	0.004491	0.0480	pay 0.0060% / 1h	9m 50s	$39K	$204K	12x
Short	Coinbase International PUMP-PERP-INTX	0.004498	0.0352	get 0.0044% / 1h	9m 50s	$707K	$5.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now +0.156%Rate

Funding earned: −$26.93
Price spread: +0.156% → +0.102%: $5.34
Slippage, 4 orders: −$95.41
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$127.02
Costs to cover: 1.054%
Break-even: never at this rate

Slippage from Injective: live order book, 64 min ago; Coinbase International: live order book, 4 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, 64 min ago	25.16 bp	43.3 bp −$43	doesn't fit	doesn't fit	doesn't fit
Sell Coinbase International live order book, 4 min ago	4.46 bp	9.5 bp −$9	14.0 bp −$140	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	−0.1339%	1h	0.004477	−0.304%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004492	+0.022%	$19K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004493	+0.045%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004493	+0.034%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0053%	4h	0.004491	0.000%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004483	−0.178%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.026%	$27K	$773K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004495	+0.090%	$740K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004485	−0.134%	$477K	$627K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004479	−0.277%	$80.7M	$163.2M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004496	+0.111%	$23.6M	$98.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004474	−0.374%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004485	−0.134%	$41K	$57K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004496	+0.111%	$4.9M	$10.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004500	+0.200%	$23.8M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004492	+0.022%	$18.0M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004497	+0.134%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004498	+0.160%	$801K	$172K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004485	−0.135%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004482	−0.204%	$1.2M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004489	−0.045%	$141K	$759K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004493	+0.056%	$1.7M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004494	+0.067%	$108K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004491	+0.007%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004491	0.000%	$2K	$724K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004492	+0.022%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004488	−0.067%	$21K	$127K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004495	+0.089%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004486	−0.122%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004496	+0.100%	$3.7M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004490	−0.022%	$72K	$12K	3x	as long as short
01 Exchange PUMPUSD	+0.0216%	1h	0.004486	−0.111%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004491	+0.002%	$38K	$99K	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004483	−0.167%	$500K	$990K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004481	−0.223%	$3.5M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004491	−0.004%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTXshort	+0.0352%	1h	0.004498	+0.156%	$707K	$5.7M	50x
GMX PUMP/USD [WBTC.b-USDC]	L +0.0354% / S −0.0292%	1h	0.004492	+0.022%	$74K	—	100x	as long as short
Injective PUMP/USDC PERPlong	+0.0480%	1h	0.004491	long leg	$39K	$204K	12x
Hyperliquid PUMP	+0.0573%	1h	0.004503	+0.267%	$166.6M	$53.5M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0712%	1h	0.004474	−0.384%	$591	$108K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0914%	1h	0.004499	+0.189%	$1.3M	$3.0M	50x	as long as short