Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC+0.0151%/8h= +16.5% APRpaid last 24h −0.098%

Price spread now: Injective against KuCoin+0.044%100s7-day average −0.112% · you sell dearer than you buy

Net, funding: paid 7d − costs−$247as 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−$1241.236% of the position

Long on KuCoin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.231%−$123 on $10k

Price spread, last 4 days (all we have)+0.013%+$1 · spread now +0.044%, 7d avg −0.112%

Together, before fees−1.218%−$122 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Injective is 0.156% dearer against KuCoin than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.112%. Mind the row above: over the last 7 days funding on this pair cost −1.231%, so the current rate has only just turned in your favour. The two prices were read 100 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	KuCoin PUMPUSDTM	0.004540	0.0100	pay 0.0050% / 4h	1h 55m	$25.1M	$13.5M	50x
Short	Injective PUMP/USDC PERP	0.004542	0.0251	get 0.0031% / 1h	55m 37s	$36K	$205K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against KuCoin. 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 KuCoinbpFee InjectivebpOrdersPrice spread, now +0.044%Rate

Funding earned: $31.73
Price spread: +0.044% → −0.112%: $15.6
Slippage, 4 orders: −$111.61
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$76.29
Costs to cover: 1.236%
Break-even: 23.8 days

Slippage from KuCoin: live order book, 6 min ago; Injective: live order book, 56 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 KuCoin live order book, 6 min ago	3.28 bp	20.1 bp −$20	65.7 bp −$657	doesn't fit	doesn't fit
Sell Injective live order book, 56 min ago	12.14 bp	24.3 bp −$24	doesn't fit	doesn't fit	doesn't fit

PUMP on 41 exchanges

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	−0.0242%	1h	0.004558	+0.391%	$21K	$12K	5x	as long as short
Gate PUMP_USDT	−0.0086%	4h	0.004534	−0.132%	$4.8M	$9.6M	75x	as long as short
Perpl PUMP	0.0000%	43m	0.004558	+0.396%	$18K	$268K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004546	+0.132%	$69K	$102K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004559	+0.428%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004539	−0.022%	$3.0M	$2.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.881%	$33K	$589K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004535	−0.106%	$849K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004537	−0.066%	$517K	$837K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004538	−0.053%	$82.8M	$171.2M	75x	as long as short

Show all 41 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004534	−0.132%	$24.8M	$101.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004555	+0.328%	$17K	$152K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004538	−0.044%	$50K	$152K	10x	as long as short
KuCoin PUMPUSDTMlong	+0.0100%	4h	0.004540	long leg	$25.1M	$13.5M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004537	−0.066%	$17.9M	$18.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004536	−0.088%	—	$14.5M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004539	−0.022%	$820K	$216K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004561	+0.460%	$68K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004554	+0.301%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004552	+0.264%	$162K	$744K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004549	+0.198%	$107K	$1.7M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004543	+0.066%	$42K	$2K	10x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004552	+0.264%	$2K	$767K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004541	+0.022%	$550	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004543	+0.066%	$23K	$127K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004544	+0.088%	$1.9M	$3.8M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004538	−0.042%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004536	−0.088%	$3.9M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004545	+0.110%	$67K	$10K	3x	as long as short
Nado PUMP-PERP	+0.0208%	1h	0.004545	+0.121%	$1.7M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0208%	1h	0.004541	+0.022%	$169.1M	$47.6M	10x	as long as short
Injective PUMP/USDC PERPshort	+0.0251%	1h	0.004542	+0.044%	$36K	$205K	12x
01 Exchange PUMPUSD	+0.0296%	1h	0.004538	−0.044%	$6K	$465	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0305% / S −0.0278%	1h	0.004539	−0.022%	$66K	—	100x	as long as short
Phoenix PUMP	+0.0331%	1h	0.004561	+0.454%	$44K	$144K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004564	+0.529%	$3.8M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004542	+0.053%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004560	+0.441%	$705K	$6.0M	50x	as long as short
RISEx PUMP/USDC	+0.0558%	1h	0.004551	+0.243%	$580K	$940K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0623%	1h	0.004545	+0.115%	$1.1M	$2.9M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1004%	1h	0.004554	+0.313%	$703	$98K	10x	as long as short