Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0085%/8h= −9.3% APRpaid last 24h −0.035%

Price spread now: KuCoin against Phoenix+0.171%63s7-day average −0.070% · you sell dearer than you buy

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

Long on Phoenix Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 3 days (all we have)−1.341%−$134 · spread now +0.171%, 7d avg −0.070%

Together, before fees−1.412%−$141 on $10k · with fees, hour by hour

The price spread pays, funding is against you. KuCoin is 0.241% dearer against Phoenix than usual: you sell high and buy low (spread +0.171% now, against its 7-day average of −0.070%): +$24 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 9.4 days. At the pace of the last 7 days (−0.071% in total) that is about 24 days. The two prices were read 63 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	Phoenix PUMP	0.004394	0.0185	pay 0.0023% / 1h	56m 22s	$39K	$100K	10x
Short	KuCoin PUMPUSDTM	0.004402	0.0100	get 0.0050% / 4h	56m 22s	$23.3M	$13.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Phoenix. 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 PhoenixbpFee KuCoinbpOrdersPrice spread, now +0.171%Rate

Funding earned: −$17.87
Price spread: +0.171% → −0.070%: $24.09
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$12.78
Costs to cover: 0.190%
Break-even: from the start

Slippage unknown: Phoenix: no order-book sample; KuCoin: live order book, 2 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 Phoenix no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 2 min ago	1.14 bp	15.3 bp −$15	52.4 bp −$524	doesn't fit	doesn't fit

Phoenix: 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
OKX PUMP-USDT-SWAP	−0.0022%	4h	0.004397	+0.057%	$23.0M	$97.2M	50x	as long as short
dYdX PUMP-USD	0.0000%	1h	0.004400	+0.125%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004400	+0.125%	$18K	$204K	20x	as long as short
Deribit PUMP_USDC-PERPETUAL	0.0000%	1h	0.004407	+0.284%	$70K	$126K	25x	as long as short
Orderly PERP_PUMP_USDC	+0.0002%	4h	0.004398	+0.080%	$41K	$10K	10x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004398	+0.085%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004400	+0.125%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	+0.125%	$29K	$765K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004400	+0.124%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004399	+0.114%	$1.6M	$2.0M	10x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster PUMPUSDT	+0.0100%	4h	0.004401	+0.145%	$783K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004401	+0.148%	$458K	$605K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004399	+0.102%	$78.4M	$164.6M	75x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004399	+0.093%	$26K	$176K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004402	+0.171%	$43K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004397	+0.057%	$4.7M	$11.4M	75x	as long as short
KuCoin PUMPUSDTMshort	+0.0100%	4h	0.004402	+0.171%	$23.3M	$13.8M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004397	+0.057%	$17.5M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004399	+0.102%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004400	+0.130%	$784K	$183K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004390	−0.110%	$65K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004389	−0.125%	$1.2M	$9.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004393	−0.034%	$139K	$766K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004403	+0.193%	$98K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004399	+0.097%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004407	+0.284%	$2K	$716K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004404	+0.216%	$289	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004404	+0.216%	$22K	$138K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004404	+0.216%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004399	+0.095%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004398	+0.080%	$72K	$18K	3x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004398	+0.080%	$39K	$207K	12x	as long as short
Phoenix PUMPlong	+0.0185%	1h	0.004394	long leg	$39K	$100K	10x
RISEx PUMP/USDC	+0.0194%	1h	0.004402	+0.175%	$490K	$1.0M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004411	+0.375%	$692K	$5.6M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0318% / S −0.0239%	1h	0.004398	+0.080%	$69K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0336%	1h	0.004404	+0.216%	$6K	$497	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004405	+0.239%	$3.5M	$3.9M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004399	+0.100%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0429%	1h	0.004386	−0.184%	$182	$106K	10x	as long as short
Hyperliquid PUMP	+0.0671%	1h	0.004407	+0.284%	$162.2M	$52.8M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0857%	1h	0.004409	+0.335%	$1.3M	$3.5M	50x	as long as short