PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0561%/8h= +61.4% APRnext payment +$0.70 per $10,000 · paid last 24h +0.311%

Price spread now: Kraken Futures against ApeX Omni−0.194%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$94as in the Price arb table

costs, in and out, $10k−$740.745% of the position

Long on ApeX Omni Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.273%+$27 on $10k

Price spread, last 4 days (all we have)+0.020%+$2 · spread now −0.194%, 7d avg +0.004%

Together, before fees+0.293%+$29 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.198% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.194% now, against its 7-day average of +0.004%). If the spread goes back, that is −$20 on $10k: about 28 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.273% in total) that is about 5.1 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.273% in total (about 14.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.70 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni PUMPUSDT	0.004445	0.0100	pay 0.0013% / 1h	58m 59s	$147K	$757K	50x
Short	Kraken Futures PF_PUMPUSD	0.004436	0.0661	get 0.0083% / 1h	58m 59s	$1.0M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against ApeX Omni. 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 ApeX OmnibpFee Kraken FuturesbpOrdersPrice spread, now −0.194%Rate

Funding earned: $117.79
Price spread: −0.194% → +0.004%: −$19.8
Slippage, 4 orders: −$54.45
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $23.53
Costs to cover: 0.745%
Break-even: 5.6 days

Slippage from ApeX Omni: live order book, 60 min ago; Kraken Futures: live order book, 5 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 ApeX Omni live order book, 60 min ago	9.10 bp	17.5 bp −$17	113.1 bp −$1,131	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	4.50 bp	17.9 bp −$18	33.8 bp −$338	332.9 bp −$33.3K	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	−0.5350%	1h	0.004440	−0.110%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	−0.0878%	1h	0.004428	−0.382%	$70K	$122K	25x	as long as short
Perpl PUMP	−0.0112%	43m	0.004435	−0.225%	$18K	$238K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004435	−0.229%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004435	−0.225%	$2.8M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.012%	$29K	$734K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004435	−0.229%	$702K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004439	−0.135%	$498K	$821K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004431	−0.315%	$80.7M	$172.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004425	−0.450%	$24.1M	$97.5M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004438	−0.160%	$31K	$193K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004441	−0.090%	$62K	$99K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004432	−0.292%	$4.9M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004429	−0.360%	$23.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004427	−0.405%	$17.4M	$20.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004429	−0.360%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004429	−0.371%	$790K	$208K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004446	+0.026%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004447	+0.045%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDTlong	+0.0100%	1h	0.004445	long leg	$147K	$757K	50x
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004439	−0.135%	$104K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004434	−0.247%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004433	−0.274%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004438	−0.157%	$2K	$768K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004434	−0.247%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004429	−0.360%	$21K	$105K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004436	−0.202%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004442	−0.075%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004434	−0.247%	$66K	$13K	3x	as long as short
Hyperliquid PUMP	+0.0151%	1h	0.004435	−0.225%	$166.3M	$55.0M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004432	−0.292%	$53K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004442	−0.067%	$6K	$625	10x	as long as short
Extended PUMP-USD	+0.0312%	1h	0.004425	−0.444%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004435	−0.225%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004436	−0.207%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004451	+0.142%	$42K	$114K	10x	as long as short
Nado PUMP-PERP	+0.0401%	1h	0.004436	−0.191%	$1.6M	$2.1M	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004441	−0.090%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004445	0.000%	$707K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004442	−0.060%	$528K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.0661%	1h	0.004436	−0.194%	$1.0M	$3.4M	50x
Aftermath Perps PUMPUSD	+0.1019%	1h	0.004440	−0.119%	$786	$112K	10x	as long as short