Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.027%

Price spread now: Deribit against KuCoin−0.069%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$96as in the Funding arb table

Net, price: spread back to 7d avg − costs−$72as in the Price arb table

costs, in and out, $10k−$670.675% of the position

Long on KuCoin Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.285%−$28 on $10k

Price spread, last 3 days (all we have)+0.062%+$6 · spread now −0.069%, 7d avg −0.027%

Together, before fees−0.223%−$22 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Deribit is 0.042% cheaper against KuCoin than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.027%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PUMPUSDTM	0.004320	0.0100	pay 0.0050% / 4h	1h 37m	$22.8M	$13.9M	50x
Short	Deribit PUMP_USDC-PERPETUAL	0.004317	0	get 0.0000% / 1h	37m 00s	$69K	$126K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against KuCoin. 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 KuCoinbpFee DeribitbpOrdersPrice spread, now −0.069%Rate

Funding earned: −$21
Price spread: −0.069% → −0.027%: −$4.23
Slippage, 4 orders: −$48.48
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$92.71
Costs to cover: 0.675%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; Deribit: live order book, 46 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 KuCoin live order book, 2 min ago	1.16 bp	19.6 bp −$20	57.7 bp −$577	doesn't fit	doesn't fit
Sell Deribit live order book, 46 min ago	9.19 bp	17.2 bp −$17	27.4 bp −$274	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	−0.5062%	1h	0.004325	+0.106%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0045%	4h	0.004315	−0.116%	$22.6M	$95.3M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0013%	4h	0.004315	−0.116%	$41K	$10K	10x	as long as short
Perpl PUMP	0.0000%	43m	0.004317	−0.069%	$20K	$206K	20x	as long as short
Deribit PUMP_USDC-PERPETUALshort	0.0000%	1h	0.004317	−0.069%	$69K	$126K	25x
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004316	−0.089%	$54K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0058%	1h	0.004316	−0.095%	$769K	$181K	5x	as long as short
Gate PUMP_USDT	+0.0092%	4h	0.004316	−0.093%	$4.6M	$11.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004315	−0.116%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.463%	$29K	$767K	20x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004318	−0.057%	$41K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004318	−0.058%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004323	+0.069%	$158.3M	$52.5M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004318	−0.037%	$779K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004319	−0.023%	$448K	$606K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004315	−0.115%	$76.8M	$163.5M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004324	+0.083%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004318	−0.046%	$42K	$53K	10x	as long as short
KuCoin PUMPUSDTMlong	+0.0100%	4h	0.004320	long leg	$22.8M	$13.9M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004316	−0.093%	$17.0M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004316	−0.093%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004320	+0.008%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004321	+0.034%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004322	+0.046%	$136K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004319	−0.023%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004316	−0.098%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004317	−0.069%	$2K	$712K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004314	−0.139%	$711	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004316	−0.093%	$21K	$139K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004318	−0.046%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004315	−0.121%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004314	−0.139%	$71K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0112%	1h	0.004318	−0.046%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004319	−0.023%	$488K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004324	+0.086%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004319	−0.023%	$654K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0310% / S −0.0229%	1h	0.004316	−0.093%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004315	−0.116%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004314	−0.141%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0389%	1h	0.004320	+0.005%	$200	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004322	+0.046%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0810%	1h	0.004320	+0.006%	$1.3M	$3.5M	50x	as long as short