PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0715%/8h= +78.3% APRnext payment +$0.89 per $10,000 · paid last 24h +0.311%

Price spread now: Kraken Futures against Ondo Perps−0.705%7-day average +0.089% · you buy dearer than you sell

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

Long on Ondo Perps Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.280%+$28 on $10k

Price spread, last 4 days (all we have)+0.882%+$88 · spread now −0.705%, 7d avg +0.089%

Together, before fees+1.162%+ Points / potential airdropOndo Perps: Active · farm board+$116 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.794% cheaper against Ondo Perps than usual: you would sell low and buy high (spread −0.705% now, against its 7-day average of +0.089%). If the spread goes back, that is −$79 on $10k: about 3.7 days of funding at the current rate (+$21 a day). At the pace of the last 7 days (+0.280% in total) that is about 20 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.280% in total (about 14.6% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.89 per $10,000. 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	Ondo Perps PUMP-USD.P	0.004378	0.0100	pay 0.0013% / 1h	49m 11s	$36K	$186K	5x
Short	Kraken Futures PF_PUMPUSD	0.004348	0.0815	get 0.0102% / 1h	49m 11s	$1.0M	$3.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Ondo Perps. 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 Ondo PerpsbpFee Kraken FuturesbpOrdersPrice spread, now −0.705%Rate

Funding earned: $150.12
Price spread: −0.705% → +0.089%: −$79.4
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $55.72
Costs to cover: 0.150%
Break-even: 4.4 days

Slippage unknown: Ondo Perps: no order-book sample; Kraken Futures: live order book, 5 min ago. 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 Ondo Perps no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 5 min ago	9.14 bp	21.4 bp −$21	34.6 bp −$346	159.5 bp −$16.0K	doesn't fit

Ondo Perps: 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
Backpack PUMP_USDC_PERP	−0.0352%	1h	0.004342	−0.838%	$770K	$201K	5x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004353	−0.576%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004350	−0.651%	$17K	$235K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004347	−0.719%	$69K	$124K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004346	−0.746%	$52K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004345	−0.765%	$2.8M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.793%	$28K	$821K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004347	−0.728%	$684K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004356	−0.514%	$486K	$820K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004344	−0.781%	$79.0M	$173.3M	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	0.004342	−0.834%	$23.7M	$96.4M	50x	as long as short
Ondo Perps PUMP-USD.Plong	+0.0100%	1h	0.004378	long leg	$36K	$186K	5x
Arcus PUMP-USD	+0.0100%	1h	0.004352	−0.605%	$61K	$102K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004344	−0.788%	$4.8M	$11.2M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004346	−0.742%	$23.2M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004343	−0.811%	$17.4M	$20.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004344	−0.788%	—	$13.0M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004379	+0.003%	$66K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004377	−0.027%	$1.2M	$10.5M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004358	−0.468%	$145K	$752K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004353	−0.582%	$97K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004345	−0.765%	$41K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004346	−0.735%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004348	−0.697%	$2K	$766K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004346	−0.742%	$273	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004343	−0.811%	$21K	$113K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004345	−0.765%	$1.9M	$4.0M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004359	−0.442%	$41K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004342	−0.834%	$69K	$11K	3x	as long as short
Nado PUMP-PERP	+0.0123%	1h	0.004347	−0.708%	$1.6M	$2.1M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0191% / S −0.0050%	1h	0.004345	−0.765%	$59K	—	100x	as long as short
Extended PUMP-USD	+0.0192%	1h	0.004345	−0.758%	$3.8M	$4.3M	50x	as long as short
01 Exchange PUMPUSD	+0.0248%	1h	0.004351	−0.628%	$6K	$727	10x	as long as short
Hyperliquid PUMP	+0.0268%	1h	0.004348	−0.697%	$162.2M	$56.2M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004342	−0.834%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004345	−0.770%	$2	—	3x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004363	−0.349%	$42K	$120K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0440%	1h	0.004352	−0.605%	$689K	$5.8M	50x	as long as short
RISEx PUMP/USDC	+0.0570%	1h	0.004351	−0.628%	$517K	$1.0M	10x	as long as short
Injective PUMP/USDC PERP	+0.0706%	1h	0.004361	−0.400%	$38K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.0815%	1h	0.004348	−0.705%	$1.0M	$3.4M	50x
Aftermath Perps PUMPUSD	+0.0884%	1h	0.004376	−0.050%	$578	$115K	10x	as long as short