Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:03 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.046%

Price spread now: KuCoin against Perpl+0.162%47s7-day average +0.029% · you sell dearer than you buy

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

Long on Perpl Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.215%+$21 on $10k

Price spread, last 3 days (all we have)−0.746%−$75 · spread now +0.162%, 7d avg +0.029%

Together, before fees−0.531%+ Points / potential airdropPerpl: Active · farm board−$53 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.133% dearer against Perpl than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.029%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Perpl PUMP	0.004318	0	get 0.0000% / 43m	13m 31s	$20K	$205K	20x
Short	KuCoin PUMPUSDTM	0.004325	0.0100	get 0.0050% / 4h	1h 43m	$22.9M	$13.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Perpl. 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 PerplbpFee KuCoinbpOrdersPrice spread, now +0.162%Rate

Funding earned: $21
Price spread: +0.162% → +0.029%: $13.32
Slippage, 4 orders: no order book: not counted
Fee Perpl: 6.9 bp × 2 orders: −$13.8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $8.52
Costs to cover: 0.258%
Break-even: 4.2 days

Slippage unknown: Perpl: no order-book sample; KuCoin: 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 Perpl no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 5 min ago	2.32 bp	22.3 bp −$22	51.4 bp −$514	doesn't fit	doesn't fit

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	−0.4958%	1h	0.004325	+0.152%	$20K	$8K	5x	as long as short
OKX PUMP-USDT-SWAP	−0.0037%	4h	0.004320	+0.046%	$22.6M	$95.5M	50x	as long as short
Orderly PERP_PUMP_USDC	−0.0017%	4h	0.004318	0.000%	$41K	$10K	10x	as long as short
Perpl PUMPlong	0.0000%	43m	0.004318	long leg	$20K	$205K	20x
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004319	+0.023%	$69K	$126K	25x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004319	+0.023%	$55K	—	150x	as long as short
Backpack PUMP_USDC_PERP	+0.0028%	1h	0.004320	+0.049%	$770K	$181K	5x	as long as short
Lighter PUMP	+0.0096%	1h	0.004322	+0.093%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−0.417%	$29K	$767K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004322	+0.087%	$42K	—	5x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Nado PUMP-PERP	+0.0100%	1h	0.004321	+0.081%	$1.6M	$2.0M	10x	as long as short
Hyperliquid PUMP	+0.0100%	1h	0.004328	+0.232%	$158.5M	$52.6M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004321	+0.063%	$779K	$2.0M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004322	+0.093%	$448K	$607K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004322	+0.088%	$76.9M	$163.5M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004309	−0.206%	$25K	$178K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004323	+0.116%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004321	+0.069%	$4.6M	$11.6M	75x	as long as short
KuCoin PUMPUSDTMshort	+0.0100%	4h	0.004325	+0.162%	$22.9M	$13.9M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004321	+0.069%	$17.1M	$19.0M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004319	+0.023%	—	$12.7M	—	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004315	−0.058%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004316	−0.045%	$1.2M	$9.7M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004320	+0.046%	$136K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004322	+0.093%	$91K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004319	+0.019%	$4K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004320	+0.046%	$2K	$712K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004318	0.000%	$712	$6K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004310	−0.185%	$21K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004319	+0.023%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004321	+0.066%	$3.5M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004317	−0.023%	$71K	$18K	3x	as long as short
01 Exchange PUMPUSD	+0.0112%	1h	0.004324	+0.139%	$6K	$497	10x	as long as short
RISEx PUMP/USDC	+0.0147%	1h	0.004324	+0.139%	$489K	$1.0M	10x	as long as short
Phoenix PUMP	+0.0185%	1h	0.004317	−0.028%	$39K	$99K	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0280%	1h	0.004321	+0.069%	$655K	$5.4M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0310% / S −0.0228%	1h	0.004318	0.000%	$67K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004317	−0.023%	$3.4M	$3.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004317	−0.020%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0356%	1h	0.004319	+0.013%	$180	$106K	10x	as long as short
Injective PUMP/USDC PERP	+0.0652%	1h	0.004316	−0.046%	$38K	$207K	12x	as long as short
Kraken Futures PF_PUMPUSD	+0.0809%	1h	0.004324	+0.148%	$1.3M	$3.5M	50x	as long as short