Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0606%/8h= −66.3% APRpaid last 24h +0.230%

Price spread now: OKX against Injective−0.228%7-day average +0.048% · you buy dearer than you sell

Net, funding: paid 7d − costs+$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$124as in the Price arb table

costs, in and out, $10k−$970.966% of the position

Long on Injective Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+1.204%+$120 on $10k

Price spread, last 4 days (all we have)+0.126%+$13 · spread now −0.228%, 7d avg +0.048%

Together, before fees+1.330%+$133 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and OKX is 0.276% cheaper against Injective than usual: you would sell low and buy high (−$28 if the spread goes back to its 7-day average of +0.048%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +1.204%, 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	0.004380	0.0706	pay 0.0088% / 1h	41m 16s	$38K	$204K	12x
Short	OKX PUMP-USDT-SWAP	0.004370	0.0100	get 0.0050% / 4h	41m 16s	$23.8M	$97.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now −0.228%Rate

Funding earned: −$127.18
Price spread: −0.228% → +0.048%: −$27.61
Slippage, 4 orders: −$86.55
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee OKX: 5 bp × 2 orders: −$10
Net: −$251.36
Costs to cover: 0.966%
Break-even: never at this rate

Slippage from Injective: live order book, 18 min ago; OKX: 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, 18 min ago	15.93 bp	52.6 bp −$53	doesn't fit	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	1.14 bp	9.7 bp −$10	22.0 bp −$220	104.3 bp −$10.4K	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
Backpack PUMP_USDC_PERP	−0.0129%	1h	0.004368	−0.267%	$774K	$201K	5x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004366	−0.317%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004363	−0.388%	$18K	$235K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004366	−0.323%	$52K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004369	−0.251%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.826%	$26K	$823K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004364	−0.354%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004366	−0.331%	$681K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004365	−0.342%	$487K	$820K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004367	−0.290%	$79.5M	$174.2M	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-SWAPshort	+0.0100%	4h	0.004370	−0.228%	$23.8M	$97.1M	50x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004367	−0.306%	$36K	$186K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004366	−0.320%	$61K	$102K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004366	−0.320%	$4.8M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004371	−0.205%	$23.4M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004371	−0.205%	$17.4M	$20.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004369	−0.251%	—	$13.0M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004369	−0.251%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004366	−0.320%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004368	−0.274%	$145K	$753K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004369	−0.251%	$98K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004366	−0.320%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004367	−0.302%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004365	−0.342%	$2K	$771K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004367	−0.297%	$274	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004361	−0.434%	$21K	$112K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004368	−0.274%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004366	−0.315%	$41K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004364	−0.365%	$70K	$8K	3x	as long as short
Extended PUMP-USD	+0.0160%	1h	0.004366	−0.311%	$3.8M	$4.3M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004364	−0.365%	$59K	—	100x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0208%	1h	0.004368	−0.274%	$69K	$124K	25x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004367	−0.297%	$6K	$727	10x	as long as short
Hyperliquid PUMP	+0.0315%	1h	0.004378	−0.046%	$163.5M	$56.4M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004366	−0.320%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004363	−0.394%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004367	−0.297%	$42K	$120K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004371	−0.205%	$692K	$5.8M	50x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004366	−0.312%	$519K	$1.0M	10x	as long as short
Injective PUMP/USDC PERPlong	+0.0706%	1h	0.004380	long leg	$38K	$204K	12x
Kraken Futures PF_PUMPUSD	+0.0811%	1h	0.004370	−0.229%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.0866%	1h	0.004369	−0.246%	$577	$115K	10x	as long as short