Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0767%/8h= −84.0% APRpaid last 24h −0.304%

Price spread now: Gate against Kraken Futures−0.076%7-day average −0.069% · you buy dearer than you sell

Net, funding: paid 7d − costs−$116as in the Funding arb table

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

costs, in and out, $10k−$800.803% of the position

Long on Kraken Futures Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.362%−$36 on $10k

Price spread, last 4 days (all we have)+0.016%+$2 · spread now −0.076%, 7d avg −0.069%

Together, before fees−0.346%−$35 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.069%, so right now this pair is about funding alone: −$23 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.362% in total (about -18.9% 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	0.004471	0.0819	pay 0.0102% / 1h	42m 14s	$1.0M	$3.2M	50x
Short	Gate PUMP_USDT	0.004468	0.0052	get 0.0026% / 4h	2h 42m	$4.9M	$10.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.076%Rate

Funding earned: −$161.03
Price spread: −0.076% → −0.069%: −$0.68
Slippage, 4 orders: −$55.25
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$241.96
Costs to cover: 0.803%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; Gate: 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, 2 min ago	6.70 bp	23.6 bp −$24	40.7 bp −$407	doesn't fit	doesn't fit
Sell Gate live order book, 1 min ago	2.24 bp	18.5 bp −$18	36.9 bp −$369	73.0 bp −$7,302	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
dYdX PUMP-USD	−0.0023%	1h	0.004469	−0.051%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004468	−0.076%	$18K	$237K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004473	+0.036%	$70K	$115K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004472	+0.004%	$55K	—	150x	as long as short
Gate PUMP_USDTshort	+0.0052%	4h	0.004468	−0.076%	$4.9M	$10.3M	75x
Lighter PUMP	+0.0096%	1h	0.004469	−0.053%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.596%	$28K	$618K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004471	+0.003%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004467	−0.098%	$711K	$2.1M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004472	+0.014%	$536K	$761K	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	0.004468	−0.080%	$81.5M	$164.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004465	−0.143%	$24.6M	$94.0M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004467	−0.105%	$32K	$162K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004473	+0.036%	$65K	$101K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004470	−0.031%	$23.9M	$13.6M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004465	−0.143%	$17.7M	$18.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004466	−0.120%	—	$13.7M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004467	−0.089%	$801K	$201K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004495	+0.532%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004489	+0.394%	$1.3M	$10.1M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004493	+0.483%	$152K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004474	+0.059%	$110K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004471	−0.009%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004471	+0.001%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004472	+0.014%	$2K	$735K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004471	−0.009%	$281	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004466	−0.120%	$21K	$93K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004469	−0.053%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0103%	8h	0.004471	0.000%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004470	−0.031%	$66K	$10K	3x	as long as short
Extended PUMP-USD	+0.0112%	1h	0.004470	−0.022%	$3.8M	$3.7M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0272% / S −0.0200%	1h	0.004471	−0.009%	$54K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004474	+0.059%	$6K	$600	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004468	−0.076%	$3.7M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004472	+0.011%	$2	—	3x	as long as short
Phoenix PUMP	+0.0356%	1h	0.004499	+0.627%	$46K	$119K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0480%	1h	0.004478	+0.148%	$716K	$5.5M	50x	as long as short
Hyperliquid PUMP	+0.0556%	1h	0.004473	+0.036%	$167.8M	$48.4M	10x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004492	+0.461%	$39K	$204K	12x	as long as short
RISEx PUMP/USDC	+0.0682%	1h	0.004474	+0.059%	$532K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0819%	1h	0.004471	long leg	$1.0M	$3.2M	50x
Aftermath Perps PUMPUSD	+0.1090%	1h	0.004487	+0.340%	$520	$102K	10x	as long as short