Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0561%/8h= +61.4% APRpaid last 24h +0.307%

Price spread now: Kraken Futures against KuCoin−0.125%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$95as in the Price arb table

costs, in and out, $10k−$810.813% of the position

Long on KuCoin Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.272%+$27 on $10k

Price spread, last 4 days (all we have)+0.099%+$10 · spread now −0.125%, 7d avg +0.009%

Together, before fees+0.371%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.135% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.125% now, against its 7-day average of +0.009%). If the spread goes back, that is −$13 on $10k: about 19 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.272% in total) that is about 3.5 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.272% in total (about 14.2% 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	KuCoin PUMPUSDTM	0.004440	0.0100	pay 0.0050% / 4h	3h 53m	$23.7M	$13.8M	50x
Short	Kraken Futures PF_PUMPUSD	0.004434	0.0661	get 0.0083% / 1h	53m 38s	$1.0M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now −0.125%Rate

Funding earned: $117.85
Price spread: −0.125% → +0.009%: −$13.47
Slippage, 4 orders: −$59.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $23.09
Costs to cover: 0.813%
Break-even: 5.6 days

Slippage from KuCoin: live order book, 5 min ago; Kraken Futures: live order book, 5 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, 5 min ago	2.26 bp	20.9 bp −$21	80.7 bp −$807	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 5 min ago	4.51 bp	17.8 bp −$18	28.6 bp −$286	322.9 bp −$32.3K	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	−1.1497%	1h	0.004431	−0.200%	$20K	$9K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004435	−0.113%	$18K	$238K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004436	−0.093%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004439	−0.023%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.901%	$29K	$694K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004445	+0.124%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004437	−0.056%	$703K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004439	−0.023%	$498K	$821K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004441	+0.032%	$81.0M	$172.4M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004447	+0.158%	$24.2M	$97.8M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004435	−0.117%	$31K	$192K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004442	+0.045%	$62K	$99K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004435	−0.113%	$4.9M	$10.4M	75x	as long as short
KuCoin PUMPUSDTMlong	+0.0100%	4h	0.004440	long leg	$23.7M	$13.8M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004438	−0.045%	$17.5M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004438	−0.045%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004432	−0.180%	$790K	$209K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004437	−0.068%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004433	−0.152%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004443	+0.068%	$147K	$755K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004442	+0.045%	$104K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004435	−0.113%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004434	−0.139%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004438	−0.045%	$2K	$767K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004431	−0.203%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004434	−0.135%	$21K	$105K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004433	−0.158%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004441	+0.031%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004431	−0.203%	$66K	$13K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0201%	1h	0.004436	−0.090%	$70K	$122K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004434	−0.135%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0312%	1h	0.004439	−0.017%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004446	+0.135%	$3.7M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004436	−0.095%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004442	+0.045%	$42K	$119K	10x	as long as short
01 Exchange PUMPUSD	+0.0352%	1h	0.004445	+0.113%	$6K	$625	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004444	+0.090%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004435	−0.113%	$705K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0483%	1h	0.004443	+0.068%	$166.6M	$54.4M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004443	+0.076%	$528K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.0661%	1h	0.004434	−0.125%	$1.0M	$3.4M	50x
Aftermath Perps PUMPUSD	+0.1032%	1h	0.004440	+0.002%	$786	$111K	10x	as long as short