Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0830%/8h= −90.9% APRpaid last 24h −0.293%

Price spread now: Orderly against Kraken Futures−0.244%55s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Orderly

What this pair did over the last

the charts below follow

Funding, last 5 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$25 a day on $10k at the current rate, and Orderly is 0.244% cheaper against Kraken Futures than usual: you would sell low and buy high (−$24 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 55 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	0.004388	0.0861	pay 0.0108% / 1h	2m 28s	$1.3M	$3.5M	50x
Short	Orderly PERP_PUMP_USDC	0.004377	0.0031	get 0.0015% / 4h	2m 28s	$41K	$10K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Orderly 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 OrderlybpOrdersPrice spread, now −0.244%Rate

Funding earned: −$174.31
Price spread: −0.244% → 0.000%: −$24.4
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$214.71
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 1 min ago; Orderly: no order-book sample. Net counts fees only.

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	3.42 bp	16.1 bp −$16	30.5 bp −$305	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	−0.0045%	1h	0.004379	−0.189%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004375	−0.290%	$18K	$207K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004386	−0.039%	$70K	$125K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004378	−0.210%	$55K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0030%	4h	0.004376	−0.267%	$22.9M	$97.2M	50x	as long as short
Orderly PERP_PUMP_USDCshort	+0.0031%	4h	0.004377	−0.244%	$41K	$10K	10x
Lighter PUMP	+0.0096%	1h	0.004380	−0.176%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.999%	$31K	$774K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004378	−0.214%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004377	−0.255%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004378	−0.221%	$729K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004381	−0.153%	$459K	$604K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004378	−0.221%	$78.2M	$164.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004380	−0.178%	$26K	$165K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004377	−0.244%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004377	−0.244%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004380	−0.176%	$23.3M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004377	−0.244%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004377	−0.244%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004381	−0.153%	$780K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004375	−0.289%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004377	−0.236%	$1.2M	$10.0M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004377	−0.244%	$138K	$761K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004382	−0.130%	$96K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004385	−0.065%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004384	−0.084%	$2K	$722K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004382	−0.130%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004375	−0.290%	$21K	$137K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004381	−0.153%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004376	−0.274%	$3.6M	$3.6M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004375	−0.290%	$72K	$18K	3x	as long as short
Hyperliquid PUMP	+0.0149%	1h	0.004383	−0.107%	$161.1M	$53.3M	10x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004381	−0.155%	$39K	$100K	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004382	−0.130%	$39K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004379	−0.206%	$489K	$1.0M	10x	as long as short
01 Exchange PUMPUSD	+0.0208%	1h	0.004379	−0.198%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004385	−0.062%	$695K	$5.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0340% / S −0.0281%	1h	0.004377	−0.244%	$74K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004378	−0.221%	$3.5M	$4.1M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004377	−0.247%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0485%	1h	0.004379	−0.192%	$383	$106K	10x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0861%	1h	0.004388	long leg	$1.3M	$3.5M	50x