PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.557%

Price spread now: Injective against Kraken Futures+0.368%63s7-day average −0.139% · you sell dearer than you buy

Net, funding: paid 7d − costs−$267as 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−$1151.151% of the position

Long on Kraken Futures Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−1.523%−$152 on $10k

Price spread, last 4 days (all we have)−0.285%−$28 · spread now +0.368%, 7d avg −0.139%

Together, before fees−1.808%−$181 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 0.507% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.368% now, against its 7-day average of −0.139%): +$51 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 18 days. At the pace of the last 7 days (−1.523% in total) that is about 2.3 days. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PUMPUSD	0.004416	0.0802	pay 0.0100% / 1h	28m 05s	$1.0M	$3.4M	50x
Short	Injective PUMP/USDC PERP	0.004432	0.0706	get 0.0088% / 1h	28m 05s	$38K	$204K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +0.368%Rate

Funding earned: −$20.29
Price spread: +0.368% → −0.139%: $50.74
Slippage, 4 orders: −$105.12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$84.69
Costs to cover: 1.151%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 1 min ago; Injective: live order book, 31 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	5.66 bp	20.2 bp −$20	47.9 bp −$479	doesn't fit	doesn't fit
Sell Injective live order book, 31 min ago	15.93 bp	25.6 bp −$26	doesn't fit	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
dYdX PUMP-USD	−0.0957%	1h	0.004419	+0.077%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004414	−0.039%	$18K	$236K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004414	−0.039%	$70K	$122K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004415	−0.018%	$53K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0071%	1h	0.004415	−0.028%	$782K	$199K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004415	−0.017%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.356%	$28K	$788K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004420	+0.108%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004418	+0.053%	$701K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004417	+0.029%	$492K	$813K	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	0.004413	−0.053%	$80.6M	$174.1M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004413	−0.062%	$23.9M	$97.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004422	+0.151%	$36K	$183K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004417	+0.029%	$62K	$102K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004413	−0.062%	$4.9M	$11.3M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004416	+0.006%	$23.6M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004415	−0.017%	$17.6M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004413	−0.062%	—	$13.0M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004422	+0.147%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004427	+0.254%	$1.2M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004387	−0.651%	$145K	$756K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004422	+0.142%	$102K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004412	−0.085%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004413	−0.064%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004413	−0.062%	$2K	$772K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004413	−0.062%	$277	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004418	+0.051%	$21K	$111K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004414	−0.039%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004419	+0.066%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004409	−0.153%	$70K	$8K	3x	as long as short
Extended PUMP-USD	+0.0184%	1h	0.004411	−0.099%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0248%	1h	0.004418	+0.051%	$6K	$625	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004414	−0.039%	$53K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004422	+0.142%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004422	+0.137%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004374	−0.952%	$42K	$120K	10x	as long as short
Hyperliquid PUMP	+0.0427%	1h	0.004419	+0.074%	$165.6M	$56.8M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004423	+0.164%	$702K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004419	+0.074%	$525K	$1.0M	10x	as long as short
Injective PUMP/USDC PERPshort	+0.0706%	1h	0.004432	+0.368%	$38K	$204K	12x
Kraken Futures PF_PUMPUSDlong	+0.0802%	1h	0.004416	long leg	$1.0M	$3.4M	50x
Aftermath Perps PUMPUSD	+0.0906%	1h	0.004405	−0.238%	$582	$114K	10x	as long as short