Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0466%/8h= −51.0% APRpaid last 24h −0.200%

Price spread now: BloFin against Kraken Futures+0.002%57s7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

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

costs, in and out, $10k−$560.561% of the position

Long on Kraken Futures Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$21 on $10k

Price spread, last 3 days (all we have)−0.082%−$8 · spread now +0.002%, 7d avg −0.042%

Together, before fees+0.133%+$13 on $10k · with fees, hour by hour

The price spread pays, funding is against you. BloFin is 0.044% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.002% now, against its 7-day average of −0.042%): +$4 on $10k if it goes back. Holding the pair costs −$14 a day in funding at the current rate, which eats that in about 8 hours. Mind the row above: over the last 7 days funding on this pair paid +0.215%, so the current rate has only just turned against you. The two prices were read 57 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 7 days it paid 0.215% in total (about 11.2% 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	0.004342	0.0806	pay 0.0101% / 1h	10m 01s	$1.3M	$3.5M	50x
Short	BloFin PUMP-USDT	0.004342	0.0340	get 0.0170% / 4h	1h 10m	$3.4M	$3.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin 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 BloFinbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$97.83
Price spread: +0.002% → −0.042%: $4.39
Slippage, 4 orders: −$34.09
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$149.54
Costs to cover: 0.561%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 4 min ago; BloFin: 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 Kraken Futures live order book, 4 min ago	2.30 bp	19.2 bp −$19	33.0 bp −$330	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	2.31 bp	12.7 bp −$13	19.4 bp −$194	38.4 bp −$3,845	109.6 bp −$54.8K

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	−0.3961%	1h	0.004343	+0.029%	$20K	$9K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0055%	4h	0.004338	−0.090%	$22.7M	$95.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0003%	4h	0.004337	−0.113%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004337	−0.113%	$20K	$202K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004338	−0.090%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004338	−0.097%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0084%	1h	0.004339	−0.069%	$773K	$180K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004339	−0.067%	$2.9M	$5.5M	10x	as long as short
01 Exchange PUMPUSD	+0.0096%	1h	0.004340	−0.044%	$6K	$497	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.965%	$29K	$764K	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	0.004338	−0.101%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004337	−0.101%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004346	+0.094%	$159.3M	$52.3M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004341	−0.021%	$786K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004341	−0.021%	$450K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004338	−0.090%	$77.3M	$163.2M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004339	−0.058%	$25K	$173K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004338	−0.090%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004338	−0.090%	$4.7M	$11.7M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004342	+0.002%	$23.0M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004338	−0.090%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004339	−0.067%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004336	−0.139%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004338	−0.079%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004337	−0.113%	$137K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004341	−0.021%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004338	−0.090%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004340	−0.044%	$2K	$713K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004337	−0.113%	$715	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004339	−0.067%	$21K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004337	−0.113%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004336	−0.145%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004335	−0.159%	$71K	$18K	3x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004339	−0.070%	$491K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004345	+0.076%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004346	+0.094%	$673K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0313% / S −0.0231%	1h	0.004336	−0.136%	$67K	—	100x	as long as short
BloFin PUMP-USDTshort	+0.0340%	4h	0.004342	+0.002%	$3.4M	$3.8M	75x
Reya PUMPRUSDPERP	+0.0344%	1h	0.004336	−0.138%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0413%	1h	0.004340	−0.036%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004333	−0.205%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0806%	1h	0.004342	long leg	$1.3M	$3.5M	50x