Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.1167%/8h= −127.8% APRpaid last 24h −0.309%

Price spread now: Aster against Kraken Futures−0.211%7-day average −0.070% · you buy dearer than you sell

Net, funding: paid 7d − costs−$92as in the Funding arb table

Net, price: spread back to 7d avg − costs−$81as in the Price arb table

costs, in and out, $10k−$670.668% of the position

Long on Kraken Futures Short on Aster

What this pair did over the last

the charts below follow

Funding, last 7 days−0.248%−$25 on $10k

Price spread, last 3 days (all we have)+0.105%+$10 · spread now −0.211%, 7d avg −0.070%

Together, before fees−0.143%+ Points / potential airdropAster: Stage 5 · farm board−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$35 a day on $10k at the current rate, and Aster is 0.141% cheaper against Kraken Futures than usual: you would sell low and buy high (−$14 if the spread goes back to its 7-day average of −0.070%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.248% in total (about -12.9% 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	Kraken Futures PF_PUMPUSD	0.004392	0.1267	pay 0.0158% / 1h	54m 20s	$1.3M	$3.1M	50x
Short	Aster PUMPUSDT	0.004383	0.0100	get 0.0050% / 4h	2h 54m	$702K	$2.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Aster 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 AsterbpOrdersPrice spread, now −0.211%Rate

Funding earned: −$245.05
Price spread: −0.211% → −0.070%: −$14.09
Slippage, 4 orders: −$48.79
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Aster: 4 bp × 2 orders: −$8
Net: −$325.93
Costs to cover: 0.668%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; Aster: live order book, 4 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, 4 min ago	13.56 bp	27.2 bp −$27	61.7 bp −$617	doesn't fit	doesn't fit
Sell Aster live order book, 4 min ago	3.40 bp	10.3 bp −$10	20.6 bp −$206	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
ApeX Omni PUMPUSDT	−0.0223%	1h	0.004404	+0.264%	$139K	$759K	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004396	+0.088%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004385	−0.169%	$20K	$200K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004385	−0.169%	$70K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004384	−0.196%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0059%	4h	0.004385	−0.169%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004397	+0.104%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−2.104%	$26K	$770K	20x	as long as short
Aster PUMPUSDTshort	+0.0100%	4h	0.004383	−0.211%	$702K	$2.3M	50x
Pacifica PUMP	+0.0100%	1h	0.004394	+0.036%	$474K	$654K	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	0.004385	−0.169%	$78.7M	$164.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004383	−0.214%	$23.4M	$95.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004393	+0.004%	$26K	$166K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004380	−0.283%	$39K	$60K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004384	−0.192%	$4.8M	$10.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004388	−0.101%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004389	−0.078%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004385	−0.169%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004393	+0.020%	$782K	$178K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004405	+0.292%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004395	+0.051%	$1.2M	$10.4M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004389	−0.078%	$101K	$2.0M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004386	−0.138%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004385	−0.169%	$2K	$732K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004388	−0.101%	$275	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004389	−0.078%	$21K	$119K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004393	+0.013%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004387	−0.123%	$42K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004386	−0.135%	$3.7M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004387	−0.123%	$70K	$9K	3x	as long as short
Nado PUMP-PERP	+0.0206%	1h	0.004385	−0.158%	$1.6M	$2.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004382	−0.237%	$6K	$727	10x	as long as short
Phoenix PUMP	+0.0237%	1h	0.004402	+0.209%	$39K	$103K	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004381	−0.260%	$478K	$996K	10x	as long as short
Hyperliquid PUMP	+0.0324%	1h	0.004388	−0.101%	$161.6M	$53.7M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004392	−0.010%	$3.6M	$4.3M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004381	−0.252%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0357% / S −0.0297%	1h	0.004385	−0.169%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004392	−0.010%	$685K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004401	+0.195%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0719%	1h	0.004416	+0.541%	$386	$110K	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.1267%	1h	0.004392	long leg	$1.3M	$3.1M	50x