Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0372%/8h= −40.7% APRpaid last 24h −0.033%

Price spread now: KuCoin against Coinbase International−0.401%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$119as in the Price arb table

costs, in and out, $10k−$770.765% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.462%+$46 · spread now −0.401%, 7d avg +0.025%

Together, before fees+0.478%+$48 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.426% cheaper against Coinbase International than usual: you would sell low and buy high (−$43 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.9% 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	Coinbase International PUMP-PERP-INTX	0.004489	0.0472	pay 0.0059% / 1h	10m 40s	$725K	$5.8M	50x
Short	KuCoin PUMPUSDTM	0.004471	0.0100	get 0.0050% / 4h	3h 10m	$24.0M	$13.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now −0.401%Rate

Funding earned: −$78.12
Price spread: −0.401% → +0.025%: −$42.56
Slippage, 4 orders: −$54.53
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$197.21
Costs to cover: 0.765%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 3 min ago; KuCoin: live order book, 3 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 Coinbase International live order book, 3 min ago	5.57 bp	16.3 bp −$16	24.6 bp −$246	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.23 bp	17.8 bp −$18	51.7 bp −$517	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	−0.2338%	1h	0.004471	−0.397%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004471	−0.401%	$18K	$242K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004471	−0.401%	$71K	$116K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004469	−0.438%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0012%	4h	0.004467	−0.490%	$4.9M	$10.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004471	−0.401%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.983%	$30K	$631K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004469	−0.434%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004469	−0.446%	$714K	$2.2M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004469	−0.446%	$496K	$823K	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	0.004469	−0.443%	$81.4M	$166.5M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004467	−0.490%	$24.4M	$95.5M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004480	−0.192%	$32K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004470	−0.423%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTMshort	+0.0100%	4h	0.004471	−0.401%	$24.0M	$13.7M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004467	−0.490%	$17.6M	$19.3M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004468	−0.468%	—	$12.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004468	−0.461%	$797K	$204K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004482	−0.164%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004485	−0.091%	$1.3M	$10.2M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004483	−0.134%	$150K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004473	−0.356%	$107K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004471	−0.401%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004470	−0.431%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004473	−0.356%	$2K	$747K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004470	−0.423%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004472	−0.379%	$21K	$97K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004470	−0.423%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004471	−0.409%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004469	−0.446%	$66K	$10K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0271% / S −0.0198%	1h	0.004468	−0.468%	$54K	—	100x	as long as short
Extended PUMP-USD	+0.0280%	1h	0.004468	−0.462%	$3.9M	$3.9M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004473	−0.356%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004488	−0.020%	$46K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004470	−0.428%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0344%	1h	0.004472	−0.379%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004496	+0.156%	$39K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0472%	1h	0.004489	long leg	$725K	$5.8M	50x
Hyperliquid PUMP	+0.0517%	1h	0.004475	−0.312%	$167.7M	$51.9M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004472	−0.382%	$531K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0656%	1h	0.004472	−0.373%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1032%	1h	0.004474	−0.335%	$518	$107K	10x	as long as short