Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:23 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.043%

Price spread now: Perpl against KuCoin−0.241%7-day average −0.037% · you buy dearer than you sell

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

Long on KuCoin Short on Perpl

What this pair did over the last

the charts below follow

Funding, last 7 days−0.219%−$22 on $10k

Price spread, last 4 days (all we have)+2.692%+$269 · spread now −0.241%, 7d avg −0.037%

Together, before fees+2.473%+ Points / potential airdropPerpl: Active · farm board+$247 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 Perpl is 0.203% cheaper against KuCoin than usual: you would sell low and buy high (−$20 if the spread goes back to its 7-day average of −0.037%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin PUMPUSDTM	0.004570	0.0100	pay 0.0050% / 4h	1m 56s	$24.8M	$13.8M	50x
Short	Perpl PUMP	0.004559	0	get 0.0000% / 43m	33m 56s	$18K	$272K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Perpl against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PerplbpOrdersPrice spread, now −0.241%Rate

Funding earned: −$21
Price spread: −0.241% → −0.037%: −$20.32
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Net: −$67.12
Costs to cover: 0.258%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 7 min ago; Perpl: 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 KuCoin live order book, 7 min ago	1.09 bp	17.6 bp −$18	47.7 bp −$477	doesn't fit	doesn't fit
Sell Perpl no order-book sample	—	—	—	—	—

Perpl: 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	0.0000%	1h	0.004559	−0.233%	$21K	$11K	5x	as long as short
Perpl PUMPshort	0.0000%	43m	0.004559	−0.241%	$18K	$272K	20x
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004568	−0.053%	$55K	—	150x	as long as short
Gate PUMP_USDT	+0.0024%	4h	0.004563	−0.153%	$4.9M	$10.7M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004564	−0.131%	$3.0M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.532%	$29K	$659K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004567	−0.061%	$863K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004562	−0.175%	$523K	$875K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004570	+0.001%	$83.7M	$176.0M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004568	−0.044%	$25.0M	$104.2M	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	0.004556	−0.311%	$33K	$163K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004561	−0.197%	$41K	$130K	10x	as long as short
KuCoin PUMPUSDTMlong	+0.0100%	4h	0.004570	long leg	$24.8M	$13.8M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004568	−0.044%	$17.9M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004568	−0.044%	—	$14.4M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004570	−0.002%	$819K	$208K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004582	+0.255%	$69K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004561	−0.197%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004574	+0.088%	$163K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004563	−0.153%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004564	−0.131%	$43K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004569	−0.030%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004558	−0.263%	$2K	$785K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004562	−0.175%	$253	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004553	−0.372%	$22K	$79K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004562	−0.175%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004565	−0.116%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004568	−0.035%	$3.8M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004558	−0.263%	$68K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0200%	1h	0.004575	+0.109%	$171.1M	$51.1M	10x	as long as short
Nado PUMP-PERP	+0.0213%	1h	0.004562	−0.164%	$1.7M	$2.1M	10x	as long as short
Injective PUMP/USDC PERP	+0.0279%	1h	0.004582	+0.263%	$38K	$204K	12x	as long as short
01 Exchange PUMPUSD	+0.0288%	1h	0.004564	−0.131%	$6K	$600	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004567	−0.066%	$65K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004568	−0.044%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004563	−0.156%	$2	—	3x	as long as short
Phoenix PUMP	+0.0410%	1h	0.004566	−0.081%	$44K	$139K	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0441%	1h	0.004565	−0.107%	$1.1M	$3.5M	50x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0536%	1h	0.004567	−0.066%	$737K	$6.1M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0627%	1h	0.004564	−0.131%	$70K	$116K	25x	as long as short
RISEx PUMP/USDC	+0.0784%	1h	0.004563	−0.153%	$530K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0954%	1h	0.004566	−0.081%	$505	$112K	10x	as long as short