Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0587%/8h= +64.3% APRpaid last 24h +0.287%

Price spread now: Kraken Futures against Aster+0.038%7-day average +0.068% · you sell dearer than you buy

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$60as in the Price arb table

costs, in and out, $10k−$570.567% of the position

Long on Aster Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.202%+$20 on $10k

Price spread, last 3 days (all we have)−0.153%−$15 · spread now +0.038%, 7d avg +0.068%

Together, before fees+0.049%+ Points / potential airdropAster: Stage 5 · farm board+$5 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.030% cheaper against Aster than usual: you would sell low and buy high (spread +0.038% now, against its 7-day average of +0.068%). If the spread goes back, that is −$3 on $10k: about 4 hours of funding at the current rate (+$18 a day). At the pace of the last 7 days (+0.202% in total) that is about 25 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.202% in total (about 10.6% a year). A funding rate is set anew for every payment. 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	Aster PUMPUSDT	0.004318	0.0100	pay 0.0050% / 4h	2h 57m	$784K	$2.1M	50x
Short	Kraken Futures PF_PUMPUSD	0.004319	0.0687	get 0.0086% / 1h	57m 53s	$1.3M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Aster. 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 AsterbpFee Kraken FuturesbpOrdersPrice spread, now +0.038%Rate

Funding earned: $123.37
Price spread: +0.038% → +0.068%: −$3
Slippage, 4 orders: −$38.66
Fee Aster: 4 bp × 2 orders: −$8
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $63.71
Costs to cover: 0.567%
Break-even: 3.4 days

Slippage from Aster: live order book, just now; Kraken Futures: live order book, 1 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 Aster live order book, just now	4.64 bp	10.8 bp −$11	22.9 bp −$229	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 1 min ago	9.25 bp	18.4 bp −$18	33.9 bp −$339	422.6 bp −$42.3K	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	−0.5790%	1h	0.004322	+0.101%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0040%	4h	0.004314	−0.086%	$22.6M	$95.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0013%	4h	0.004314	−0.086%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004320	+0.053%	$20K	$201K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004317	−0.016%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004318	+0.008%	$55K	—	150x	as long as short
Lighter PUMP	+0.0064%	1h	0.004315	−0.063%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.410%	$29K	$775K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004322	+0.098%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004316	−0.028%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid PUMP	+0.0100%	1h	0.004320	+0.053%	$158.1M	$52.3M	10x	as long as short
Aster PUMPUSDTlong	+0.0100%	4h	0.004318	long leg	$784K	$2.1M	50x
Pacifica PUMP	+0.0100%	1h	0.004322	+0.100%	$449K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004316	−0.039%	$76.6M	$165.7M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004317	−0.028%	$20K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004321	+0.076%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004313	−0.109%	$4.6M	$11.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004317	−0.016%	$22.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004313	−0.109%	$17.1M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004317	−0.016%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004313	−0.100%	$770K	$186K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004320	+0.053%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004320	+0.053%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004322	+0.100%	$136K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004321	+0.076%	$110K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004316	−0.043%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004317	−0.016%	$2K	$711K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004314	−0.086%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004317	−0.016%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004317	−0.016%	$2.0M	$4.1M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004313	−0.109%	$3.6M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004314	−0.086%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004322	+0.100%	$492K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004321	+0.076%	$6K	$497	10x	as long as short
Phoenix PUMP	+0.0167%	1h	0.004323	+0.130%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004326	+0.192%	$657K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0222%	1h	0.004318	+0.007%	$67K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0336%	1h	0.004320	+0.047%	$200	$105K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004324	+0.146%	$3.5M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004317	−0.026%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004334	+0.378%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.0687%	1h	0.004319	+0.038%	$1.3M	$3.5M	50x