Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0464%/8h= −50.8% APRpaid last 24h +0.197%

Price spread now: HTX against Injective−0.530%7-day average +0.032% · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.249%+$125 on $10k

Price spread, last 4 days (all we have)+0.469%+$47 · spread now −0.530%, 7d avg +0.032%

Together, before fees+1.718%+$172 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 HTX is 0.562% cheaper against Injective than usual: you would sell low and buy high (−$56 if the spread goes back to its 7-day average of +0.032%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.249%, 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	0.004529	0.0564	pay 0.0070% / 1h	55m 11s	$38K	$204K	12x
Short	HTX PUMP-USDT	0.004505	0.0100	get 0.0050% / 4h	1h 55m	$21K	$85K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.530%Rate

Funding earned: −$97.4
Price spread: −0.530% → +0.032%: −$56.24
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee HTX: 6 bp × 2 orders: −$12
Net: −$165.66
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Injective: live order book, 54 min ago; HTX: no order-book sample. Net counts fees only.

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, 54 min ago	16.72 bp	52.0 bp −$52	doesn't fit	doesn't fit	doesn't fit
Sell HTX no order-book sample	—	—	—	—	—

HTX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.0000%	1h	0.004506	−0.506%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004510	−0.420%	$18K	$256K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004510	−0.427%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004514	−0.331%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.640%	$30K	$627K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004512	−0.380%	$842K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004509	−0.442%	$537K	$886K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004516	−0.289%	$83.1M	$169.9M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004513	−0.353%	$24.8M	$98.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004541	+0.274%	$27K	$168K	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	0.004511	−0.397%	$65K	$95K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004509	−0.442%	$5.0M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004513	−0.353%	$24.4M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004511	−0.397%	$18.0M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004510	−0.420%	—	$14.1M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004512	−0.380%	$812K	$197K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004536	+0.164%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004513	−0.353%	$1.3M	$10.3M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004514	−0.331%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004512	−0.375%	$43K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004510	−0.426%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004511	−0.397%	$2K	$759K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004514	−0.331%	$283	$7K	10x	as long as short
HTX PUMP-USDTshort	+0.0100%	4h	0.004505	−0.530%	$21K	$85K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004512	−0.375%	$2.0M	$3.9M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004511	−0.390%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004508	−0.464%	$67K	$10K	3x	as long as short
Paradex PUMP-USD-PERP	+0.0106%	8h	0.004511	−0.404%	$43K	$276	5x	as long as short
ApeX Omni PUMPUSDT	+0.0161%	1h	0.004523	−0.132%	$153K	$744K	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004508	−0.464%	$54K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004515	−0.309%	$3.7M	$4.6M	75x	as long as short
Nado PUMP-PERP	+0.0342%	1h	0.004510	−0.408%	$1.6M	$2.1M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004513	−0.358%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004520	−0.205%	$47K	$139K	10x	as long as short
01 Exchange PUMPUSD	+0.0376%	1h	0.004510	−0.420%	$6K	$600	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0415%	1h	0.004514	−0.331%	$70K	$115K	25x	as long as short
Hyperliquid PUMP	+0.0471%	1h	0.004518	−0.243%	$168.8M	$51.2M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0528%	1h	0.004513	−0.353%	$723K	$5.7M	50x	as long as short
Kraken Futures PF_PUMPUSD	+0.0547%	1h	0.004516	−0.286%	$1.1M	$3.5M	50x	as long as short
Injective PUMP/USDC PERPlong	+0.0564%	1h	0.004529	long leg	$38K	$204K	12x
RISEx PUMP/USDC	+0.0764%	1h	0.004511	−0.394%	$539K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.1161%	1h	0.004532	+0.069%	$500	$111K	10x	as long as short