Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0767%/8h= +84.0% APRpaid last 24h +0.280%

Price spread now: Kraken Futures against Binance−0.092%7-day average +0.061% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$480.484% of the position

Long on Binance Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.253%+$25 on $10k

Price spread, last 3 days (all we have)+0.135%+$13 · spread now −0.092%, 7d avg +0.061%

Together, before fees+0.388%+$39 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.152% cheaper against Binance than usual: you would sell low and buy high (spread −0.092% now, against its 7-day average of +0.061%). If the spread goes back, that is −$15 on $10k: about 16 hours of funding at the current rate (+$23 a day). At the pace of the last 7 days (+0.253% in total) that is about 4.2 days.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.253% in total (about 13.2% a year). A funding rate is set anew for every payment. 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	Binance PUMPUSDT	0.004360	0.0100	pay 0.0050% / 4h	22m 30s	$77.8M	$164.1M	75x
Short	Kraken Futures PF_PUMPUSD	0.004356	0.0867	get 0.0108% / 1h	22m 30s	$1.3M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Binance. 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 BinancebpFee Kraken FuturesbpOrdersPrice spread, now −0.092%Rate

Funding earned: $161.1
Price spread: −0.092% → +0.061%: −$15.22
Slippage, 4 orders: −$28.35
Fee Binance: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $97.52
Costs to cover: 0.484%
Break-even: 2.8 days

Slippage from Binance: live order book, 6 min ago; Kraken Futures: live order book, 1 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 Binance live order book, 6 min ago	1.15 bp	7.1 bp −$7	16.5 bp −$165	70.7 bp −$7,072	doesn't fit
Sell Kraken Futures live order book, 1 min ago	6.90 bp	11.9 bp −$12	23.8 bp −$238	503.5 bp −$50.4K	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	−0.0055%	1h	0.004355	−0.121%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004347	−0.305%	$18K	$204K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004349	−0.254%	$54K	—	150x	as long as short
OKX PUMP-USDT-SWAP	+0.0006%	4h	0.004362	+0.039%	$22.8M	$96.7M	50x	as long as short
Orderly PERP_PUMP_USDC	+0.0015%	4h	0.004350	−0.236%	$41K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004353	−0.167%	$2.9M	$5.5M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004300	−1.383%	$26K	$768K	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004357	−0.070%	$42K	—	5x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004360	+0.005%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004354	−0.146%	$726K	$2.3M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica PUMP	+0.0100%	1h	0.004355	−0.121%	$455K	$601K	10x	as long as short
Binance PUMPUSDTlong	+0.0100%	4h	0.004360	long leg	$77.8M	$164.1M	75x
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004347	−0.298%	$26K	$163K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004360	−0.007%	$42K	$53K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004353	−0.167%	$4.7M	$11.5M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004352	−0.190%	$23.1M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004361	+0.016%	$17.3M	$19.1M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004355	−0.121%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004351	−0.218%	$775K	$182K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004352	−0.187%	$64K	$3.0M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004362	+0.036%	$1.2M	$9.8M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004352	−0.190%	$137K	$763K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004365	+0.108%	$95K	$1.9M	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004351	−0.220%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004345	−0.351%	$2K	$718K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004350	−0.236%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004351	−0.213%	$22K	$135K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004352	−0.190%	$2.0M	$4.0M	20x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004357	−0.080%	$3.6M	$3.8M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004350	−0.236%	$72K	$18K	3x	as long as short
Phoenix PUMP	+0.0164%	1h	0.004359	−0.039%	$39K	$100K	10x	as long as short
Hyperliquid PUMP	+0.0181%	1h	0.004354	−0.144%	$160.1M	$53.1M	10x	as long as short
Injective PUMP/USDC PERP	+0.0182%	1h	0.004350	−0.236%	$38K	$207K	12x	as long as short
RISEx PUMP/USDC	+0.0194%	1h	0.004362	+0.036%	$484K	$1.0M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0210%	1h	0.004352	−0.190%	$69K	$126K	25x	as long as short
01 Exchange PUMPUSD	+0.0224%	1h	0.004364	+0.085%	$6K	$830	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0312%	1h	0.004349	−0.259%	$674K	$5.5M	50x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0321% / S −0.0243%	1h	0.004348	−0.282%	$68K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004351	−0.213%	$3.5M	$4.0M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004360	−0.008%	$2	—	3x	as long as short
Aftermath Perps PUMPUSD	+0.0425%	1h	0.004357	−0.070%	$181	$106K	10x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.0867%	1h	0.004356	−0.092%	$1.3M	$3.5M	50x