Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1239%/8h= +135.6% APRpaid last 24h +0.304%

Price spread now: Kraken Futures against HTX+0.030%7-day average +0.099% · you sell dearer than you buy

Net, funding: paid 7d − costs−$141as in the Funding arb table

Net, price: spread back to 7d avg − costs−$172as in the Price arb table

costs, in and out, $10k−$1651.650% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.244%+$24 on $10k

Price spread, last 4 days (all we have)−0.171%−$17 · spread now +0.030%, 7d avg +0.099%

Together, before fees+0.074%+$7 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.069% cheaper against HTX than usual: you would sell low and buy high (spread +0.030% now, against its 7-day average of +0.099%). If the spread goes back, that is −$7 on $10k: about 4 hours of funding at the current rate (+$37 a day). At the pace of the last 7 days (+0.244% in total) that is about 47 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.244% in total (about 12.7% 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	HTX PUMP-USDT	0.004468	0.0100	pay 0.0050% / 4h	1h 15m	$21K	$119K	20x
Short	Kraken Futures PF_PUMPUSD	0.004469	0.1339	get 0.0167% / 1h	15m 46s	$1.1M	$3.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now +0.030%Rate

Funding earned: $260.1
Price spread: +0.030% → +0.099%: −$6.88
Slippage, 4 orders: −$143
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $88.22
Costs to cover: 1.650%
Break-even: 4.6 days

Slippage from HTX: live order book, 45 min ago; Kraken Futures: 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 HTX live order book, 45 min ago	22.29 bp	72.0 bp −$72	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 3 min ago	3.34 bp	12.7 bp −$13	42.6 bp −$426	283.4 bp −$28.3K	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
Perpl PUMP	−0.0112%	43m	0.004467	−0.022%	$18K	$230K	20x	as long as short
dYdX PUMP-USD	−0.0009%	1h	0.004466	−0.042%	$20K	$9K	5x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004468	0.000%	$71K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004468	−0.004%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004466	−0.045%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.522%	$31K	$792K	20x	as long as short
Orderly PERP_PUMP_USDC	+0.0099%	4h	0.004468	0.000%	$42K	$10K	10x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004467	−0.011%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004466	−0.039%	$703K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004466	−0.045%	$489K	$783K	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	0.004465	−0.062%	$81.2M	$170.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004466	−0.045%	$24.3M	$98.3M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004464	−0.092%	$37K	$191K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004470	+0.045%	$61K	$86K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004465	−0.067%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004468	0.000%	$23.8M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004467	−0.022%	$17.7M	$20.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004468	0.000%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004463	−0.103%	$792K	$189K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004483	+0.333%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004486	+0.403%	$1.3M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004478	+0.224%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004472	+0.090%	$108K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004468	−0.004%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004468	0.000%	$2K	$754K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004467	−0.022%	$280	$7K	10x	as long as short
HTX PUMP-USDTlong	+0.0100%	4h	0.004468	long leg	$21K	$119K	20x
Phemex PUMPUSDT	+0.0100%	4h	0.004467	−0.022%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004469	+0.015%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004464	−0.090%	$71K	$11K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004468	0.000%	$60K	—	100x	as long as short
Extended PUMP-USD	+0.0264%	1h	0.004467	−0.015%	$3.9M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0296%	1h	0.004470	+0.045%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0321%	1h	0.004480	+0.260%	$43K	$103K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004475	+0.157%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004467	−0.028%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004477	+0.201%	$714K	$6.0M	50x	as long as short
Hyperliquid PUMP	+0.0497%	1h	0.004472	+0.090%	$167.3M	$55.9M	10x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004470	+0.056%	$531K	$994K	10x	as long as short
Aftermath Perps PUMPUSD	+0.0866%	1h	0.004474	+0.127%	$591	$117K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004455	−0.291%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.1339%	1h	0.004469	+0.030%	$1.1M	$3.3M	50x