PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0066%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.178%

Price spread now: Injective against Phoenix+0.333%7-day average −0.156% · you sell dearer than you buy

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs−$63as in the Price arb table

costs, in and out, $10k−$1121.116% of the position

Long on Phoenix Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.330%−$133 on $10k

Price spread, last 4 days (all we have)−0.199%−$20 · spread now +0.333%, 7d avg −0.156%

Together, before fees−1.529%−$153 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.489% dearer against Phoenix than usual: you sell high and buy low (spread +0.333% now, against its 7-day average of −0.156%): +$49 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 25 days. At the pace of the last 7 days (−1.330% in total) that is about 2.6 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix PUMP	0.004567	0.0410	pay 0.0051% / 1h	56m 34s	$44K	$138K	10x
Short	Injective PUMP/USDC PERP	0.004582	0.0344	get 0.0043% / 1h	56m 34s	$38K	$204K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Phoenix. 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 PhoenixbpFee InjectivebpOrdersPrice spread, now +0.333%Rate

Funding earned: −$13.91
Price spread: +0.333% → −0.156%: $48.9
Slippage, 4 orders: −$104.63
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$76.66
Costs to cover: 1.116%
Break-even: never at this rate

Slippage from Phoenix: live order book, 26 min ago; Injective: live order book, 42 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 Phoenix live order book, 26 min ago	1.98 bp	16.1 bp −$16	58.0 bp −$580	doesn't fit	doesn't fit
Sell Injective live order book, 42 min ago	20.08 bp	30.7 bp −$31	doesn't fit	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	0.0000%	1h	0.004560	−0.142%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004573	+0.136%	$18K	$273K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004565	−0.042%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004563	−0.083%	$3.0M	$4.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.463%	$30K	$660K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004560	−0.149%	$861K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004561	−0.127%	$523K	$879K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004560	−0.146%	$83.5M	$176.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004556	−0.236%	$25.0M	$104.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004553	−0.298%	$27K	$163K	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	0.004562	−0.105%	$50K	$140K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004555	−0.258%	$4.9M	$9.9M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004569	+0.048%	$24.8M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004558	−0.193%	$17.9M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004557	−0.215%	—	$14.3M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004564	−0.059%	$818K	$211K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004567	+0.002%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004568	+0.018%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004568	+0.026%	$163K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004570	+0.070%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004566	−0.018%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004561	−0.122%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004565	−0.039%	$1K	$786K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004566	−0.018%	$256	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004566	−0.018%	$23K	$106K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004566	−0.018%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004558	−0.194%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004558	−0.186%	$3.8M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004565	−0.039%	$68K	$10K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0188%	1h	0.004569	+0.048%	$70K	$116K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004565	−0.039%	$65K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004566	−0.018%	$3.4M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004571	+0.089%	$2	—	3x	as long as short
Injective PUMP/USDC PERPshort	+0.0344%	1h	0.004582	+0.333%	$38K	$204K	12x
Phoenix PUMPlong	+0.0410%	1h	0.004567	long leg	$44K	$138K	10x
01 Exchange PUMPUSD	+0.0416%	1h	0.004566	−0.018%	$6K	$600	10x	as long as short
Hyperliquid PUMP	+0.0464%	1h	0.004573	+0.136%	$171.0M	$51.2M	10x	as long as short
Nado PUMP-PERP	+0.0465%	1h	0.004559	−0.160%	$1.7M	$2.2M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004576	+0.201%	$740K	$6.2M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004564	−0.066%	$532K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0811%	1h	0.004569	+0.052%	$1.1M	$3.6M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1026%	1h	0.004574	+0.163%	$707	$111K	10x	as long as short