Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0697%/8h= −76.4% APRpaid last 24h −0.311%

Price spread now: Paradex against Kraken Futures−0.269%7-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 Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$21 a day on $10k at the current rate, and Paradex is 0.269% cheaper against Kraken Futures than usual: you would sell low and buy high (−$27 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_PUMPUSD	0.004438	0.0798	pay 0.0100% / 1h	25m 14s	$1.0M	$3.4M	50x
Short	Paradex PUMP-USD-PERP	0.004426	0.0101	get 0.0101% / 8h	4h 25m	$42K	$276	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.269%Rate

Funding earned: −$146.45
Price spread: −0.269% → 0.000%: −$26.94
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$187.39
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 4 min ago; Paradex: 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, 4 min ago	5.66 bp	20.2 bp −$20	47.9 bp −$479	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	−0.1530%	1h	0.004422	−0.363%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004432	−0.142%	$18K	$238K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004435	−0.078%	$53K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0078%	1h	0.004419	−0.439%	$783K	$200K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004434	−0.097%	$2.8M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.863%	$29K	$787K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004432	−0.130%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004428	−0.232%	$702K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004429	−0.209%	$494K	$813K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004437	−0.029%	$81.0M	$174.3M	75x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004435	−0.074%	$24.1M	$98.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004409	−0.653%	$31K	$189K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004432	−0.142%	$62K	$102K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004434	−0.097%	$4.9M	$11.4M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004438	−0.006%	$23.8M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004435	−0.074%	$17.5M	$20.4M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004435	−0.074%	—	$13.0M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004416	−0.512%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004415	−0.519%	$1.2M	$10.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004417	−0.480%	$146K	$757K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004439	+0.016%	$100K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004436	−0.052%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004435	−0.064%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004430	−0.187%	$2K	$773K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004435	−0.074%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004431	−0.164%	$21K	$111K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004434	−0.097%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERPshort	+0.0101%	8h	0.004426	−0.269%	$42K	$276	5x
Aevo PUMP-PERP	+0.0104%	1h	0.004432	−0.142%	$71K	$8K	3x	as long as short
Extended PUMP-USD	+0.0200%	1h	0.004435	−0.067%	$3.9M	$4.3M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0201%	1h	0.004438	−0.006%	$70K	$122K	25x	as long as short
01 Exchange PUMPUSD	+0.0256%	1h	0.004435	−0.074%	$6K	$625	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004435	−0.074%	$53K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004437	−0.029%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004437	−0.035%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004425	−0.290%	$42K	$120K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004440	+0.039%	$703K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0440%	1h	0.004442	+0.084%	$166.5M	$56.8M	10x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004433	−0.111%	$527K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004423	−0.344%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSDlong	+0.0798%	1h	0.004438	long leg	$1.0M	$3.4M	50x
Aftermath Perps PUMPUSD	+0.0925%	1h	0.004415	−0.514%	$583	$114K	10x	as long as short