Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0095%/8h= −10.4% APRpaid last 24h +0.027%

Price spread now: KuCoin against Deribit+0.267%53s7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as 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−$760.761% of the position

Long on Deribit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.284%+$28 on $10k

Price spread, last 3 days (all we have)−0.243%−$24 · spread now +0.267%, 7d avg +0.033%

Together, before fees+0.041%+$4 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.234% dearer against Deribit than usual: you sell high and buy low (spread +0.267% now, against its 7-day average of +0.033%): +$23 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 8.2 days. Mind the row above: over the last 7 days funding on this pair paid +0.284%, so the current rate has only just turned against you. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit PUMP_USDC-PERPETUAL	0.004499	0.0195	pay 0.0024% / 1h	27m 25s	$71K	$124K	25x
Short	KuCoin PUMPUSDTM	0.004511	0.0100	get 0.0050% / 4h	2h 27m	$24.0M	$13.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Deribit. 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 DeribitbpFee KuCoinbpOrdersPrice spread, now +0.267%Rate

Funding earned: −$19.95
Price spread: +0.267% → +0.033%: $23.36
Slippage, 4 orders: −$57.11
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$72.69
Costs to cover: 0.761%
Break-even: never at this rate

Slippage from Deribit: live order book, 41 min ago; KuCoin: live order book, 6 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 Deribit live order book, 41 min ago	8.93 bp	12.4 bp −$12	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	3.36 bp	23.0 bp −$23	57.4 bp −$574	doesn't fit	doesn't fit

PUMP on 41 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	−0.2129%	1h	0.004500	+0.027%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004506	+0.156%	$18K	$207K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004505	+0.140%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0070%	4h	0.004505	+0.133%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004502	+0.067%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	+0.022%	$30K	$771K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004507	+0.189%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004506	+0.156%	$730K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004505	+0.133%	$494K	$662K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004506	+0.156%	$81.4M	$166.0M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004507	+0.178%	$24.3M	$98.8M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004495	−0.091%	$21K	$171K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004507	+0.178%	$40K	$63K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004505	+0.133%	$4.8M	$10.9M	75x	as long as short
KuCoin PUMPUSDTMshort	+0.0100%	4h	0.004511	+0.267%	$24.0M	$13.9M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004507	+0.178%	$17.8M	$19.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004505	+0.133%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004501	+0.049%	$797K	$185K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004480	−0.433%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004487	−0.266%	$1.3M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004481	−0.400%	$139K	$754K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004511	+0.267%	$104K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004496	−0.056%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004494	−0.111%	$2K	$737K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004499	0.000%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004501	+0.044%	$21K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004505	+0.133%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004504	+0.108%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004506	+0.163%	$3.8M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004495	−0.089%	$72K	$8K	3x	as long as short
Deribit PUMP_USDC-PERPETUALlong	+0.0195%	1h	0.004499	long leg	$71K	$124K	25x
Phoenix PUMP	+0.0235%	1h	0.004489	−0.231%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0256%	1h	0.004513	+0.311%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004509	+0.213%	$532K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004508	+0.195%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0360% / S −0.0290%	1h	0.004493	−0.133%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004509	+0.222%	$719K	$5.8M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004492	−0.156%	$39K	$203K	12x	as long as short
Hyperliquid PUMP	+0.0628%	1h	0.004516	+0.378%	$168.6M	$54.7M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0745%	1h	0.004479	−0.446%	$593	$110K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.1235%	1h	0.004508	+0.193%	$1.3M	$3.1M	50x	as long as short