PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0592%/8h= +64.8% APRnext payment +$0.74 per $10,000 · paid last 24h +0.274%

Price spread now: Kraken Futures against Derive+0.061%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$18 a day on $10k at the current rate, and Kraken Futures is 0.061% dearer against Derive than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive PUMP-PERP	0.004291	0.0100	pay 0.0013% / 1h	47m 56s	$4K	$13K	6.7x
Short	Kraken Futures PF_PUMPUSD	0.004294	0.0692	get 0.0086% / 1h	47m 56s	$1.3M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Derive. 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 DerivebpFee Kraken FuturesbpOrdersPrice spread, now +0.061%Rate

Funding earned: $124.22
Price spread: +0.061% → 0.000%: $6.09
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $114.31
Costs to cover: 0.160%
Break-even: 0.6 days

Slippage unknown: Derive: no order-book sample; Kraken Futures: live order book, 1 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 1 min ago	8.13 bp	21.4 bp −$21	41.4 bp −$414	doesn't fit	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.3523%	1h	0.004309	+0.414%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0509%	1h	0.004291	−0.003%	$768K	$184K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	−0.0216%	1h	0.004292	+0.018%	$68K	$126K	25x	as long as short
OKX PUMP-USDT-SWAP	−0.0069%	4h	0.004294	+0.064%	$22.5M	$94.2M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0016%	4h	0.004290	−0.029%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004299	+0.181%	$19K	$204K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004296	+0.120%	$54K	—	150x	as long as short
Gate PUMP_USDT	+0.0090%	4h	0.004289	−0.052%	$4.6M	$11.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004290	−0.029%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−2.126%	$28K	$775K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004300	+0.196%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004294	+0.076%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004296	+0.111%	$157.1M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004290	−0.030%	$779K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004308	+0.391%	$448K	$611K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004295	+0.091%	$76.2M	$165.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004306	+0.337%	$20K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004299	+0.181%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004292	+0.018%	$22.6M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004294	+0.064%	$16.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004292	+0.018%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004310	+0.441%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004300	+0.193%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004301	+0.228%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004300	+0.204%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERPlong	+0.0100%	1h	0.004291	long leg	$4K	$13K	6.7x
SunX PUMP-USDT	+0.0100%	4h	0.004301	+0.228%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004289	−0.052%	$707	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004287	−0.099%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004287	−0.099%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004295	+0.090%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004290	−0.029%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004300	+0.216%	$490K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004308	+0.393%	$39K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004300	+0.204%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004293	+0.041%	$651K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004295	+0.088%	$66K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0312%	1h	0.004309	+0.404%	$179	$107K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004301	+0.228%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004298	+0.149%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.764%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.0692%	1h	0.004294	+0.061%	$1.3M	$3.5M	50x