Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0840%/8h= −91.9% APRpaid last 24h −0.280%

Price spread now: KuCoin against Kraken Futures−0.077%7-day average −0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$670.672% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.202%−$20 on $10k

Price spread, last 3 days (all we have)+0.057%+$6 · spread now −0.077%, 7d avg −0.008%

Together, before fees−0.145%−$14 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and KuCoin is 0.069% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.008%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.202% in total (about -10.5% 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	0.004378	0.0940	pay 0.0117% / 1h	57m 04s	$1.3M	$3.5M	50x
Short	KuCoin PUMPUSDTM	0.004375	0.0100	get 0.0050% / 4h	3h 57m	$23.2M	$13.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.077%Rate

Funding earned: −$176.34
Price spread: −0.077% → −0.008%: −$6.93
Slippage, 4 orders: −$45.17
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$250.44
Costs to cover: 0.672%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 2 min ago; KuCoin: live order book, 2 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	4.57 bp	15.8 bp −$16	40.1 bp −$401	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	1.14 bp	12.9 bp −$13	48.9 bp −$489	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
Backpack PUMP_USDC_PERP	−0.0127%	1h	0.004373	−0.125%	$779K	$181K	5x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004374	−0.094%	$20K	$9K	5x	as long as short
Popdex PUMPUSDT	0.0000%	1h	0.004300	−1.790%	$31K	$772K	20x	as long as short
Perpl PUMP	0.0000%	43m	0.004375	−0.077%	$18K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004376	−0.054%	$69K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004376	−0.060%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0032%	4h	0.004374	−0.100%	$41K	$10K	10x	as long as short
OKX PUMP-USDT-SWAP	+0.0033%	4h	0.004372	−0.146%	$22.9M	$96.9M	50x	as long as short
Lighter PUMP	+0.0096%	1h	0.004374	−0.100%	$2.9M	$5.3M	10x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004376	−0.054%	$42K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004371	−0.157%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004374	−0.100%	$724K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004375	−0.077%	$458K	$604K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004374	−0.100%	$78.1M	$164.4M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004372	−0.146%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004377	−0.032%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004373	−0.123%	$4.7M	$10.4M	75x	as long as short
KuCoin PUMPUSDTMshort	+0.0100%	4h	0.004375	−0.077%	$23.2M	$13.8M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004374	−0.100%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004373	−0.123%	—	$12.9M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004372	−0.142%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004376	−0.054%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004380	+0.037%	$138K	$761K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004378	−0.009%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004375	−0.078%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004375	−0.077%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004373	−0.123%	$282	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004366	−0.283%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004376	−0.054%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004373	−0.130%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004376	−0.054%	$72K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0128%	1h	0.004381	+0.060%	$6K	$830	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004380	+0.032%	$39K	$99K	10x	as long as short
Hyperliquid PUMP	+0.0193%	1h	0.004378	−0.009%	$160.9M	$53.3M	10x	as long as short
RISEx PUMP/USDC	+0.0297%	1h	0.004378	+0.003%	$489K	$1.0M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004372	−0.146%	$3.5M	$4.1M	75x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0341% / S −0.0283%	1h	0.004374	−0.100%	$74K	—	100x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004371	−0.171%	$2	—	3x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0352%	1h	0.004378	−0.009%	$692K	$5.5M	50x	as long as short
Injective PUMP/USDC PERP	+0.0480%	1h	0.004378	−0.009%	$39K	$203K	12x	as long as short
Aftermath Perps PUMPUSD	+0.0500%	1h	0.004376	−0.050%	$382	$106K	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0940%	1h	0.004378	long leg	$1.3M	$3.5M	50x