Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0765%/8h= −83.8% APRpaid last 24h −0.280%

Price spread now: Bitget against Kraken Futures−0.183%7-day average −0.062% · you buy dearer than you sell

Net, funding: paid 7d − costs−$86as in the Funding arb table

Net, price: spread back to 7d avg − costs−$77as in the Price arb table

costs, in and out, $10k−$650.652% of the position

Long on Kraken Futures Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.206%−$21 on $10k

Price spread, last 3 days (all we have)+0.106%+$11 · spread now −0.183%, 7d avg −0.062%

Together, before fees−0.100%−$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$23 a day on $10k at the current rate, and Bitget is 0.121% cheaper against Kraken Futures than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of −0.062%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.206% in total (about -10.8% 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	0.004366	0.0865	pay 0.0108% / 1h	32m 58s	$1.3M	$3.5M	50x
Short	Bitget PUMPUSDT	0.004358	0.0100	get 0.0050% / 4h	32m 58s	$17.3M	$19.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now −0.183%Rate

Funding earned: −$160.7
Price spread: −0.183% → −0.062%: −$12.1
Slippage, 4 orders: −$43.19
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$237.99
Costs to cover: 0.652%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; Bitget: live order book, 1 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, 1 min ago	4.57 bp	18.7 bp −$19	30.2 bp −$302	doesn't fit	doesn't fit
Sell Bitget live order book, 1 min ago	3.43 bp	15.0 bp −$15	26.9 bp −$269	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
OKX PUMP-USDT-SWAP	−0.0006%	4h	0.004360	−0.137%	$22.8M	$96.5M	50x	as long as short
dYdX PUMP-USD	−0.0005%	1h	0.004361	−0.114%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004359	−0.160%	$18K	$205K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004363	−0.068%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004362	−0.088%	$54K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0012%	4h	0.004359	−0.160%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004360	−0.137%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.511%	$27K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004365	−0.020%	$42K	—	5x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004360	−0.142%	$728K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004363	−0.068%	$456K	$601K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004359	−0.160%	$77.7M	$164.0M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004359	−0.158%	$26K	$169K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004370	+0.092%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004358	−0.183%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004362	−0.091%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDTshort	+0.0100%	4h	0.004358	−0.183%	$17.3M	$19.1M	75x
BingX PUMP-USDT	+0.0100%	4h	0.004360	−0.137%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004359	−0.155%	$777K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004375	+0.217%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004376	+0.234%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004375	+0.206%	$138K	$764K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004364	−0.046%	$1.6M	$2.0M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004370	+0.092%	$98K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004361	−0.110%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004361	−0.114%	$1K	$718K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004360	−0.137%	$277	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004359	−0.160%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004362	−0.091%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004357	−0.212%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004359	−0.160%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004366	−0.009%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004381	+0.344%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004371	+0.115%	$485K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004370	+0.092%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004365	−0.023%	$677K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0320% / S −0.0242%	1h	0.004361	−0.114%	$68K	—	100x	as long as short
Hyperliquid PUMP	+0.0321%	1h	0.004364	−0.046%	$160.6M	$53.1M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004361	−0.114%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004364	−0.046%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0470%	1h	0.004375	+0.214%	$182	$105K	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0865%	1h	0.004366	long leg	$1.3M	$3.5M	50x