PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0363%/8h= −39.8% APRnext payment −$0.45 per $10,000 · paid last 24h −0.130%

Price spread now: Aftermath Perps against Kraken Futures+0.176%52s7-day average +0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$850.850% of the position

Long on Kraken Futures Short on Aftermath Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.043%−$4 on $10k

Price spread, last 3 days (all we have)+0.164%+$16 · spread now +0.176%, 7d avg +0.005%

Together, before fees+0.121%+$12 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Aftermath Perps is 0.171% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.176% now, against its 7-day average of +0.005%): +$17 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 38 hours. At the pace of the last 3 days (−0.043% in total) that is about 12 days. The two prices were read 52 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 3 days it paid -0.043% in total (about -5.1% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.45 per $10,000. 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	Kraken Futures PF_PUMPUSD	0.004303	0.0690	pay 0.0086% / 1h	50m 22s	$1.3M	$3.5M	50x
Short	Aftermath Perps PUMPUSD	0.004310	0.0327	get 0.0041% / 1h	50m 22s	$179	$106K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aftermath Perps against Kraken Futures. 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 Kraken FuturesbpFee Aftermath PerpsbpOrdersPrice spread, now +0.176%Rate

Funding earned: −$76.32
Price spread: +0.176% → +0.005%: $17.08
Slippage, 4 orders: −$66
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aftermath Perps: 4.5 bp × 2 orders: −$9
Net: −$144.23
Costs to cover: 0.850%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Aftermath Perps: live order book, 38 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 Kraken Futures live order book, 3 min ago	10.42 bp	15.9 bp −$16	29.8 bp −$298	doesn't fit	doesn't fit
Sell Aftermath Perps live order book, 38 min ago	5.22 bp	20.2 bp −$20	doesn't fit	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	−0.3970%	1h	0.004305	+0.052%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0462%	1h	0.004299	−0.079%	$769K	$185K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0074%	4h	0.004303	+0.007%	$22.5M	$94.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0016%	4h	0.004304	+0.030%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004302	−0.016%	$19K	$203K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004301	−0.039%	$68K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004306	+0.075%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0076%	4h	0.004302	−0.016%	$4.6M	$11.6M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004302	−0.016%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.063%	$29K	$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	0.004303	+0.013%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004302	−0.005%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004309	+0.146%	$157.7M	$52.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004303	+0.006%	$781K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004303	+0.007%	$447K	$614K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004305	+0.050%	$76.4M	$164.9M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004312	+0.212%	$20K	$177K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004303	+0.007%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004303	+0.007%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004305	+0.054%	$17.0M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004304	+0.030%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004310	+0.173%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004321	+0.425%	$1.2M	$9.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004314	+0.263%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004308	+0.123%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004306	+0.077%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004299	−0.086%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004297	−0.132%	$709	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004296	−0.156%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004295	−0.179%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004302	−0.013%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004304	+0.030%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004305	+0.054%	$490K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004311	+0.186%	$39K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004305	+0.054%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004302	−0.016%	$654K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004305	+0.054%	$67K	—	100x	as long as short
Aftermath Perps PUMPUSDshort	+0.0327%	1h	0.004310	+0.176%	$179	$106K	10x
BloFin PUMP-USDT	+0.0340%	4h	0.004299	−0.086%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004305	+0.045%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.495%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0690%	1h	0.004303	long leg	$1.3M	$3.5M	50x