Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.1123%/8h= +123.0% APRpaid last 24h +0.295%

Price spread now: Kraken Futures against Paradex+0.566%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$34 a day on $10k at the current rate, and Kraken Futures is 0.566% dearer against Paradex than usual: you sell high and buy low: +$57 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex PUMP-USD-PERP	0.004517	0.0102	pay 0.0102% / 8h	6h 24m	$43K	$276	5x
Short	Kraken Futures PF_PUMPUSD	0.004543	0.1225	get 0.0153% / 1h	24m 58s	$1.3M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Paradex. 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 ParadexbpFee Kraken FuturesbpOrdersPrice spread, now +0.566%Rate

Funding earned: $235.93
Price spread: +0.566% → 0.000%: $56.64
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $278.57
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 4 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 Paradex no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 4 min ago	10.01 bp	21.3 bp −$21	31.1 bp −$311	262.2 bp −$26.2K	doesn't fit

Paradex: 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 41 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	−0.2802%	1h	0.004507	−0.217%	$21K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004525	+0.176%	$18K	$209K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004529	+0.261%	$55K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0070%	4h	0.004537	+0.441%	$43K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004536	+0.419%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.378%	$31K	$771K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004525	+0.187%	$1.7M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004530	+0.286%	$733K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004512	−0.112%	$495K	$662K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004531	+0.309%	$81.8M	$166.8M	75x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004524	+0.154%	$24.5M	$99.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004495	−0.491%	$21K	$171K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004515	−0.046%	$40K	$63K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004531	+0.309%	$4.9M	$11.0M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004538	+0.464%	$24.1M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004534	+0.375%	$17.9M	$19.6M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004531	+0.309%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004533	+0.342%	$804K	$188K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004504	−0.282%	$66K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004508	−0.210%	$1.3M	$10.4M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004481	−0.798%	$139K	$754K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004528	+0.242%	$85K	$2.1M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004534	+0.371%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004535	+0.397%	$2K	$738K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004535	+0.397%	$285	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004532	+0.331%	$22K	$118K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004532	+0.331%	$2.1M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERPlong	+0.0102%	8h	0.004517	long leg	$43K	$276	5x
Extended PUMP-USD	+0.0104%	1h	0.004535	+0.408%	$3.8M	$4.1M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004532	+0.331%	$72K	$8K	3x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004518	+0.032%	$42K	$103K	10x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004522	+0.109%	$6K	$727	10x	as long as short
RISEx PUMP/USDC	+0.0322%	1h	0.004518	+0.010%	$556K	$1.0M	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004528	+0.237%	$2	—	3x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0361% / S −0.0291%	1h	0.004529	+0.264%	$73K	—	100x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0408%	1h	0.004541	+0.530%	$721K	$5.9M	50x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0412%	1h	0.004537	+0.441%	$72K	$124K	25x	as long as short
Injective PUMP/USDC PERP	+0.0571%	1h	0.004518	+0.021%	$39K	$203K	12x	as long as short
Hyperliquid PUMP	+0.0677%	1h	0.004541	+0.530%	$169.8M	$55.3M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0748%	1h	0.004492	−0.546%	$595	$110K	10x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.1225%	1h	0.004543	+0.566%	$1.3M	$3.1M	50x