Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Phemex0.000%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$98as in the Funding arb table

Net, price: spread back to 7d avg − costs−$104as in the Price arb table

costs, in and out, $10k−$990.988% of the position

Long on Phemex Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 4 days (all we have)+0.068%+$7 · spread now 0.000%, 7d avg +0.050%

Together, before fees+0.076%+$8 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: KuCoin is 0.050% cheaper against Phemex than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex PUMPUSDT	0.004431	0.0100	pay 0.0050% / 4h	3h 55m	$2.0M	$4.0M	20x
Short	KuCoin PUMPUSDTM	0.004431	0.0100	get 0.0050% / 4h	3h 55m	$23.7M	$13.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phemex. 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 PhemexbpFee KuCoinbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.050%: −$5.04
Slippage, 4 orders: −$74.85
Fee Phemex: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$103.88
Costs to cover: 0.988%
Break-even: never at this rate

Slippage from Phemex: live order book, 3 min ago; KuCoin: live order book, 3 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 Phemex live order book, 3 min ago	5.64 bp	29.6 bp −$30	doesn't fit	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.26 bp	22.2 bp −$22	43.9 bp −$439	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	−1.1276%	1h	0.004436	+0.113%	$20K	$9K	5x	as long as short
Perpl PUMP	−0.0112%	43m	0.004430	−0.023%	$18K	$238K	20x	as long as short
GRVT PUMP_USDT_Perp	−0.0026%	4h	0.004429	−0.045%	$1.2M	$10.5M	10x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004433	+0.056%	$53K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004438	+0.158%	$2.9M	$4.7M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−0.700%	$29K	$696K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004429	−0.034%	$1.6M	$2.1M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004431	−0.009%	$702K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004436	+0.113%	$498K	$821K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004436	+0.114%	$80.8M	$172.4M	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	0.004434	+0.068%	$24.1M	$97.6M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004438	+0.156%	$31K	$193K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004432	+0.023%	$62K	$99K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004430	−0.023%	$4.9M	$10.4M	75x	as long as short
KuCoin PUMPUSDTMshort	+0.0100%	4h	0.004431	0.000%	$23.7M	$13.9M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004428	−0.068%	$17.5M	$20.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004427	−0.090%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004430	−0.027%	$790K	$209K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004436	+0.117%	$65K	$3.2M	20x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004437	+0.135%	$147K	$757K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004433	+0.045%	$104K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004434	+0.068%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004433	+0.039%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004432	+0.023%	$2K	$768K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004433	+0.045%	$278	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004425	−0.135%	$21K	$105K	20x	as long as short
Phemex PUMPUSDTlong	+0.0100%	4h	0.004431	long leg	$2.0M	$4.0M	20x
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004434	+0.064%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004433	+0.045%	$66K	$13K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0201%	1h	0.004435	+0.090%	$70K	$122K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004432	+0.023%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0312%	1h	0.004431	+0.007%	$3.9M	$4.3M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004436	+0.113%	$3.6M	$4.4M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004429	−0.050%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0344%	1h	0.004432	+0.023%	$6K	$625	10x	as long as short
Phoenix PUMP	+0.0345%	1h	0.004442	+0.248%	$42K	$119K	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004432	+0.023%	$38K	$204K	12x	as long as short
Hyperliquid PUMP	+0.0453%	1h	0.004437	+0.135%	$166.4M	$55.0M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0472%	1h	0.004437	+0.135%	$705K	$5.9M	50x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004431	+0.011%	$526K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0661%	1h	0.004435	+0.087%	$1.0M	$3.4M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1032%	1h	0.004435	+0.079%	$785	$112K	10x	as long as short