Funding arb · Price arb / Crypto

PUMP

All PUMP markets →

LONGKraken Futures▾Injective −0.1464%HTX −0.0548%Kraken Futures −0.0448%dYdX 0.0000%gTrade (Gains Network) +0.0003%Orderly +0.0043%Gate +0.0046%ApeX Omni +0.0085%Lighter +0.0096%Popdex +0.0096%Deribit +0.0097%Paradex +0.0100%Nado +0.0100%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%OKX +0.0100%Ondo Perps +0.0100%Arcus +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Backpack +0.0100%edgeX +0.0100%GRVT +0.0100%Polymarket Perps +0.0100%Derive +0.0100%SunX +0.0100%SoDEX +0.0100%Phemex +0.0100%Extended +0.0104%Aevo +0.0104%Coinbase International +0.0184%RISEx +0.0199%N1 +0.0264%Phoenix +0.0298%BloFin +0.0340%GMX +0.0406%Perpl +0.0447%Aftermath Perps +0.0539%

⇄⇅

SHORTBulk▾Aftermath Perps +0.0539%Perpl +0.0447%GMX −0.0378%BloFin +0.0340%Phoenix +0.0298%N1 +0.0264%RISEx +0.0199%Coinbase International +0.0184%Extended +0.0104%Aevo +0.0104%Hyperliquid +0.0100%Aster +0.0100%Pacifica +0.0100%Binance +0.0100%OKX +0.0100%Ondo Perps +0.0100%Arcus +0.0100%Bulk +0.0100%KuCoin +0.0100%Bitget +0.0100%BingX +0.0100%Backpack +0.0100%edgeX +0.0100%GRVT +0.0100%Polymarket Perps +0.0100%Derive +0.0100%SunX +0.0100%SoDEX +0.0100%Phemex +0.0100%Nado +0.0100%Paradex +0.0100%Deribit +0.0097%Popdex +0.0096%Lighter +0.0096%ApeX Omni +0.0085%Gate +0.0046%Orderly +0.0043%gTrade (Gains Network) −0.0008%dYdX 0.0000%HTX −0.0548%Injective −0.1464%

Backtest 30d☆

Leg	Exchange	Price	Fund. /8h	Each payment	Next in	OI	Vol 24h	Lev
LONG	Kraken FuturesPF_PUMPUSD	0.005766	−0.0448	get 0.0056% / 1h	33m 30s	$822K	$7.2M	50x	Long Kraken Futures
SHORT	BulkPUMP-USD	0.005856	+0.0100	get 0.0013% / 1h	33m 30s	$128K	$357K	10x	Short Bulk

Price gap+1.560%

Funding gap+0.0548% /8h

Both sides work: funding pays +$16 a day on $10k, and the gap is 1.595% above its 7d average: +$160 more if it goes back.

The current funding rate is far above what this pair has been paying: over the last 5 days it paid +0.021% in total, about +0.0013%/8h on average.

Funding history

SpreadBoth legsCumulative

24H3D7D14D30D90D

you earnyou payavg

RANGE STATS · 7D

Average /8h—

Highest—

Lowest—

Paid you—

Short leg rate minus long leg rate, per 8h. Above zero: the pair pays you.

Price spread between the two exchanges

Spread %Both prices

24H3D7D14D30D90D

Bulk price against Kraken Futuresnow

RANGE STATS · 7D

Now+1.560%

Average—

Range—

Wider than now—

Where the spread has been, last 7D▾

share of time at each level

Funding on every exchange

/8h

24H3D7D14D30D90D

Kraken FuturesBulk

PUMP on 42 exchanges

lowest funding first

Before you open

2 ok · 3 to watch

• !
  Watch: Thin at this size19.8 / 5.8 bp

  At $10k entering Kraken Futures costs 19.8 bp, fee and slippage, 3.4× Bulk’s.
• i
  Note: Margin at max leverage$200 + $1,000

  Kraken Futures 50x, Bulk 10x. Keep about 2× this so a sharp move doesn’t liquidate one leg.
• ✓
  OK: Same payment interval1h / 1h

  Both legs pay at the same time.

  Long Kraken Futures · 1h+$13.43

  Short Bulk · 1h+$3.00

  now+6h+12h+18h+24h

  Next 24h at the current rates, on $10k a leg: +$16.43Long Kraken Futures: 24 payments, +$13.43; short Bulk: 24 payments, +$3.00.
• ✓
  OK: Entry gap works for you+1.560% vs −0.035%

  You short the dearer leg. If the gap goes back to average, the short gains.
• !
  Watch: Short leg is thinner$128K vs $822K OI

  Bulk sets your exit cost. Check its book before closing.
• i
  Note: No points program—

  Neither exchange runs points right now.
• !
  Watch: KYCKraken Futures Yes · Bulk No

  Full verification; not offered in the US (a separate US product), Canada, Australia (wholesale only) or to retail UK clients.

Profit calculator

both legs, in and out

Position, each leg

$10k$100k$1M

Hold for

1 day7 days30 days

Orders

takermaker

Price spread

to 7d avgclosesnot counted

Funding rate

range avgcurrent

Funding earned+0.0013%/8h × 21 periods+$2.76

Price spread+1.560% → −0.035% (7d avg)+$159.51

Slippage, 4 orderslive order books−$28.69

Fee Kraken Futures bp × 2 orders−$10.00

Fee Bulk bp × 2 orders−$7.00

Net · 7 days · $10k+$116.57

Costs to cover0.457%Break-evenfrom the start

Slippage: Kraken Futures: live order book, 5 min ago; Bulk: live order book, 30 min ago

Cost to enter

taker + slippage from mid, one side

Leg½ spr$10k$100k$1M$5M

BUY · LONGKraken Futures9.4019.8 bp−$2028.0 bp−$280doesn’t fitdoesn’t fit

SELL · SHORTBulk1.085.8 bp−$67.7 bp−$77doesn’t fitdoesn’t fit

Closing costs about the same again.

Alert

FundingSpread

Tell me when it goes above%/8hNot more often than everymin

Create alert

PUMP news

posts that mention PUMP, from every exchangeSearch all news →

09-28 15:17	OKX	Other	New X Drops just went live in Europe. Trade XDP, HYPE, TAO, LINK, PUMP, UNI, LTC, DOGE, FET, or AAVE for a share of 23M $XDP. $XDP trades get a 3× boost. @okx on X ↗
09-28 15:16	Phoenix	Contest	It’s Solana Ecosystem week on Frontier Traders. Trade SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, and FARTCOIN perpetuals on Phoenix to compete for a $25,000 prize pool across Volume and PnL leaderboards. @PhoenixTrade on X ↗
09-25 14:48	Phoenix	Contest	$SOL went up, and so did the rewards. Earn an additional $25k in rewards for trading @solana ecosystem tokens on Phoenix this week, courtesy of @joinfrontier SOL, JUP, PUMP, SKR, MET, ANSEM, STONK, JTO, FART @PhoenixTrade on X ↗
09-24 14:13	Bulk	Other	PUMP IT Trade $PUMP by @Pumpfun with up to 10x leverage now on @bulktrade on X ↗
09-18 16:36	RISEx	Other	Privacy is still holding with $ZEC in its second straight week as a top gainer: +12.34% to +35.35%. Everything else on the weekly board turned over. Oil went from a gainer to a loser (CL and BZ both went a full round trip), while $PUMP went from -15.44% to +10.44% this week. @risextrade on X ↗