Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0590%/8h= −64.6% APRpaid last 24h −0.269%

Price spread now: Binance against Kraken Futures−0.143%7-day average −0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$79as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$560.559% of the position

Long on Kraken Futures Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.231%−$23 on $10k

Price spread, last 3 days (all we have)+0.144%+$14 · spread now −0.143%, 7d avg −0.056%

Together, before fees−0.087%−$9 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$18 a day on $10k at the current rate, and Binance is 0.087% cheaper against Kraken Futures than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.056%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.231% in total (about -12.0% 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	0.004304	0.0690	pay 0.0086% / 1h	46m 13s	$1.3M	$3.5M	50x
Short	Binance PUMPUSDT	0.004298	0.0100	get 0.0050% / 4h	2h 46m	$76.3M	$164.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.143%Rate

Funding earned: −$123.87
Price spread: −0.143% → −0.056%: −$8.65
Slippage, 4 orders: −$35.86
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$188.38
Costs to cover: 0.559%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Binance: live order book, 12 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	8.13 bp	16.9 bp −$17	32.8 bp −$328	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	1.16 bp	9.1 bp −$9	18.2 bp −$182	55.7 bp −$5,567	250.8 bp −$125.4K

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	−0.3161%	1h	0.004299	−0.125%	$20K	$8K	5x	as long as short
Backpack PUMP_USDC_PERP	−0.0529%	1h	0.004297	−0.180%	$769K	$184K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0071%	4h	0.004296	−0.193%	$22.5M	$94.2M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0016%	4h	0.004300	−0.101%	$40K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004298	−0.147%	$19K	$204K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004302	−0.054%	$68K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004300	−0.103%	$54K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004298	−0.147%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004200	−2.424%	$28K	$775K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004297	−0.160%	$41K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004296	−0.182%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004301	−0.077%	$157.2M	$52.4M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004297	−0.179%	$780K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004298	−0.147%	$447K	$611K	10x	as long as short
Binance PUMPUSDTshort	+0.0100%	4h	0.004298	−0.143%	$76.3M	$164.8M	75x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004306	+0.032%	$25K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004297	−0.170%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004296	−0.193%	$4.6M	$11.6M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004300	−0.101%	$22.7M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004297	−0.170%	$16.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004298	−0.147%	—	$12.8M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004305	+0.007%	$63K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004305	+0.007%	$1.2M	$9.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004301	−0.077%	$136K	$767K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004301	−0.077%	$107K	$1.8M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004300	−0.100%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004299	−0.124%	$1K	$709K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004298	−0.147%	$709	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004293	−0.263%	$21K	$146K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004298	−0.147%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004297	−0.167%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004298	−0.147%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0125%	1h	0.004299	−0.124%	$489K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0129%	1h	0.004308	+0.088%	$39K	$99K	10x	as long as short
01 Exchange PUMPUSD	+0.0144%	1h	0.004299	−0.124%	$6K	$497	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0240%	1h	0.004303	−0.031%	$652K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0221%	1h	0.004299	−0.124%	$66K	—	100x	as long as short
Aftermath Perps PUMPUSD	+0.0305%	1h	0.004305	+0.013%	$179	$107K	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004296	−0.193%	$3.4M	$3.6M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004297	−0.180%	$2	—	3x	as long as short
Injective PUMP/USDC PERP	+0.0521%	1h	0.004324	+0.457%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0690%	1h	0.004304	long leg	$1.3M	$3.5M	50x