Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0347%/8h= +37.9% APRpaid last 24h +0.197%

Price spread now: Kraken Futures against BloFin+0.207%57s7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as 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−$490.491% of the position

Long on BloFin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.225%−$23 on $10k

Price spread, last 3 days (all we have)−0.131%−$13 · spread now +0.207%, 7d avg +0.040%

Together, before fees−0.356%−$36 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$10 a day on $10k at the current rate, and Kraken Futures is 0.167% dearer against BloFin than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.225%, so the current rate has only just turned in your favour. The two prices were read 57 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 -0.225% in total (about -11.8% 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	BloFin PUMP-USDT	0.004316	0.0340	pay 0.0170% / 4h	2h 01m	$3.4M	$3.7M	75x
Short	Kraken Futures PF_PUMPUSD	0.004325	0.0687	get 0.0086% / 1h	1m 54s	$1.3M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BloFin. 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 BloFinbpFee Kraken FuturesbpOrdersPrice spread, now +0.207%Rate

Funding earned: $72.78
Price spread: +0.207% → +0.040%: $16.66
Slippage, 4 orders: −$27.13
Fee BloFin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $40.31
Costs to cover: 0.491%
Break-even: 3.1 days

Slippage from BloFin: live order book, 1 min ago; Kraken Futures: live order book, 2 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 BloFin live order book, 1 min ago	2.32 bp	8.3 bp −$8	12.8 bp −$128	41.1 bp −$4,109	173.6 bp −$86.8K
Sell Kraken Futures live order book, 2 min ago	3.47 bp	11.1 bp −$11	26.9 bp −$269	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	−0.5062%	1h	0.004322	+0.134%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0215%	1h	0.004317	+0.019%	$769K	$183K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004317	+0.023%	$20K	$206K	20x	as long as short
OKX PUMP-USDT-SWAP	−0.0056%	4h	0.004316	0.000%	$22.5M	$95.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0025%	4h	0.004320	+0.093%	$41K	$10K	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004322	+0.139%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004320	+0.100%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0068%	4h	0.004316	0.000%	$4.6M	$11.7M	75x	as long as short
01 Exchange PUMPUSD	+0.0080%	1h	0.004321	+0.116%	$6K	$497	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004319	+0.070%	$2.9M	$5.5M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.371%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004320	+0.097%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004320	+0.104%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004320	+0.093%	$158.1M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004316	+0.011%	$778K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004321	+0.116%	$448K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004316	0.000%	$76.6M	$163.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004308	−0.188%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004320	+0.093%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004319	+0.070%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004315	−0.023%	$17.0M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004317	+0.023%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004309	−0.165%	$63K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004309	−0.171%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004313	−0.070%	$136K	$771K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004323	+0.162%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004321	+0.113%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004321	+0.116%	$2K	$710K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004319	+0.070%	$712	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004310	−0.139%	$21K	$147K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004319	+0.070%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004316	+0.002%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004320	+0.093%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004322	+0.139%	$490K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004314	−0.049%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004312	−0.093%	$654K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0308% / S −0.0226%	1h	0.004320	+0.093%	$67K	—	100x	as long as short
BloFin PUMP-USDTlong	+0.0340%	4h	0.004316	long leg	$3.4M	$3.7M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004319	+0.076%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0347%	1h	0.004319	+0.081%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.185%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.0687%	1h	0.004325	+0.207%	$1.3M	$3.5M	50x