Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0245%/8h= +26.8% APRpaid last 24h +0.032%

Price spread now: Phoenix against KuCoin−0.378%7-day average +0.060% · you buy dearer than you sell

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$120as in the Price arb table

costs, in and out, $10k−$760.764% of the position

Long on KuCoin Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 4 days (all we have)+1.160%+$116 · spread now −0.378%, 7d avg +0.060%

Together, before fees+1.239%+$124 on $10k · with fees, hour by hour

Funding pays, the price is against you. Phoenix is 0.437% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.378% now, against its 7-day average of +0.060%). If the spread goes back, that is −$44 on $10k: about 6.0 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.079% in total) that is about 39 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.079% in total (about 4.1% 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	0.004447	0.0100	pay 0.0050% / 4h	0m 52s	$23.8M	$13.9M	50x
Short	Phoenix PUMP	0.004430	0.0345	get 0.0043% / 1h	0m 52s	$42K	$120K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.378%Rate

Funding earned: $51.45
Price spread: −0.378% → +0.060%: −$43.74
Slippage, 4 orders: −$57.41
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$68.7
Costs to cover: 0.764%
Break-even: 16.3 days

Slippage from KuCoin: live order book, 8 min ago; Phoenix: live order book, 42 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, 8 min ago	2.25 bp	26.1 bp −$26	64.0 bp −$640	doesn't fit	doesn't fit
Sell Phoenix live order book, 42 min ago	2.06 bp	16.2 bp −$16	50.5 bp −$505	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	−0.5078%	1h	0.004447	+0.003%	$20K	$9K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004447	0.000%	$18K	$238K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004444	−0.072%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004446	−0.022%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.057%	$29K	$775K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004444	−0.059%	$704K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004449	+0.045%	$499K	$823K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004444	−0.065%	$80.9M	$172.7M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004443	−0.090%	$24.2M	$97.9M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004443	−0.099%	$31K	$193K	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Arcus PUMP-USD	+0.0100%	1h	0.004452	+0.112%	$62K	$99K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004442	−0.112%	$4.9M	$11.5M	75x	as long as short
KuCoin PUMPUSDTMlong	+0.0100%	4h	0.004447	long leg	$23.8M	$13.9M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004443	−0.090%	$17.6M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004443	−0.090%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004445	−0.049%	$793K	$207K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004445	−0.049%	$65K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004447	0.000%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004445	−0.045%	$147K	$757K	50x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004450	+0.079%	$1.6M	$2.1M	10x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004450	+0.067%	$103K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004443	−0.090%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004442	−0.107%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004448	+0.022%	$1K	$768K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004444	−0.067%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004442	−0.112%	$21K	$105K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004446	−0.022%	$2.0M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004450	+0.057%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004443	−0.090%	$66K	$13K	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004444	−0.067%	$53K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0280%	1h	0.004453	+0.135%	$6K	$625	10x	as long as short
Extended PUMP-USD	+0.0304%	1h	0.004443	−0.083%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004445	−0.045%	$3.6M	$4.5M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004447	−0.005%	$2	—	3x	as long as short
Phoenix PUMPshort	+0.0345%	1h	0.004430	−0.378%	$42K	$120K	10x
Deribit PUMP_USDC-PERPETUAL	+0.0426%	1h	0.004444	−0.067%	$71K	$122K	25x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004450	+0.067%	$707K	$5.9M	50x	as long as short
Hyperliquid PUMP	+0.0486%	1h	0.004451	+0.090%	$166.9M	$55.0M	10x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004452	+0.112%	$529K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004448	+0.022%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0796%	1h	0.004448	+0.020%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1021%	1h	0.004440	−0.158%	$786	$112K	10x	as long as short