Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1230%/8h= +134.7% APRpaid last 24h +0.304%

Price spread now: Kraken Futures against Bitget+0.124%48s7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as 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−$700.699% of the position

Long on Bitget Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.248%+$25 on $10k

Price spread, last 4 days (all we have)−0.059%−$6 · spread now +0.124%, 7d avg +0.065%

Together, before fees+0.189%+$19 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Kraken Futures is 0.059% dearer against Bitget than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.065%. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.248% in total (about 13.0% 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	Bitget PUMPUSDT	0.004493	0.0100	pay 0.0050% / 4h	1h 43m	$17.7M	$19.9M	75x
Short	Kraken Futures PF_PUMPUSD	0.004499	0.1330	get 0.0166% / 1h	43m 32s	$1.4M	$3.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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 BitgetbpFee Kraken FuturesbpOrdersPrice spread, now +0.124%Rate

Funding earned: $258.27
Price spread: +0.124% → +0.065%: $5.9
Slippage, 4 orders: −$47.87
Fee Bitget: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $194.3
Costs to cover: 0.699%
Break-even: 1.7 days

Slippage from Bitget: live order book, 5 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 Bitget live order book, 5 min ago	2.22 bp	12.7 bp −$13	25.8 bp −$258	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	8.89 bp	17.0 bp −$17	28.3 bp −$283	572.7 bp −$57.3K	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	0.0000%	1h	0.004492	−0.019%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004494	+0.022%	$18K	$222K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004492	−0.022%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004492	−0.025%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0093%	4h	0.004493	0.000%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004495	+0.045%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−2.070%	$27K	$780K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004493	+0.011%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004494	+0.021%	$708K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004496	+0.067%	$521K	$725K	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance PUMPUSDT	+0.0100%	4h	0.004493	0.000%	$82.3M	$169.2M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004491	−0.045%	$24.5M	$99.2M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004491	−0.040%	$26K	$186K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004493	0.000%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004492	−0.022%	$5.0M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004497	+0.089%	$23.9M	$14.0M	50x	as long as short
Bitget PUMPUSDTlong	+0.0100%	4h	0.004493	long leg	$17.7M	$19.9M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004493	0.000%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004492	−0.011%	$799K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004497	+0.082%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004502	+0.210%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004504	+0.245%	$150K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004497	+0.089%	$106K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004493	−0.003%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004491	−0.045%	$2K	$749K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004493	0.000%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004490	−0.067%	$21K	$116K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004493	0.000%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004493	−0.002%	$43K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004489	−0.089%	$72K	$8K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0231% / S −0.0084%	1h	0.004490	−0.067%	$61K	—	100x	as long as short
Extended PUMP-USD	+0.0288%	1h	0.004491	−0.038%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004496	+0.067%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004500	+0.156%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004504	+0.245%	$3.7M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004493	−0.006%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004500	+0.156%	$701K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004495	+0.045%	$534K	$983K	10x	as long as short
Hyperliquid PUMP	+0.0627%	1h	0.004500	+0.156%	$168.3M	$56.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0863%	1h	0.004500	+0.148%	$594	$114K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004503	+0.223%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.1330%	1h	0.004499	+0.124%	$1.4M	$3.0M	50x