Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0344%/8h= +37.7% APRpaid last 24h +0.293%

Price spread now: Kraken Futures against BingX+0.027%7-day average +0.076% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$490.495% of the position

Long on BingX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.295%+$30 on $10k

Price spread, last 4 days (all we have)+0.038%+$4 · spread now +0.027%, 7d avg +0.076%

Together, before fees+0.333%+$33 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.049% cheaper against BingX than usual: you would sell low and buy high (spread +0.027% now, against its 7-day average of +0.076%). If the spread goes back, that is −$5 on $10k: about 11 hours of funding at the current rate (+$10 a day). At the pace of the last 7 days (+0.295% in total) that is about 28 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX PUMP-USDT	0.004530	0.0100	pay 0.0050% / 4h	20m 35s	—	$14.3M	—
Short	Kraken Futures PF_PUMPUSD	0.004531	0.0444	get 0.0056% / 1h	20m 35s	$1.1M	$3.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against BingX. 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 BingXbpFee Kraken FuturesbpOrdersPrice spread, now +0.027%Rate

Funding earned: $72.26
Price spread: +0.027% → +0.076%: −$4.92
Slippage, 4 orders: −$29.46
Fee BingX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $17.87
Costs to cover: 0.495%
Break-even: 5.3 days

Slippage from BingX: live order book, 8 min ago; Kraken Futures: 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 BingX live order book, 8 min ago	2.20 bp	7.4 bp −$7	15.5 bp −$155	41.1 bp −$4,113	149.0 bp −$74.5K
Sell Kraken Futures live order book, 3 min ago	6.61 bp	20.5 bp −$21	43.0 bp −$430	248.3 bp −$24.8K	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	0.0000%	1h	0.004528	−0.041%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004528	−0.044%	$18K	$266K	20x	as long as short
Gate PUMP_USDT	+0.0002%	4h	0.004524	−0.132%	$5.0M	$10.2M	75x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004530	−0.011%	$56K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004529	−0.022%	$2.9M	$4.6M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−0.662%	$29K	$646K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004529	−0.028%	$845K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004528	−0.044%	$528K	$857K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004532	+0.043%	$82.8M	$172.3M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004536	+0.132%	$25.0M	$99.6M	50x	as long as short

Show all 42 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004524	−0.130%	$27K	$151K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004530	0.000%	$46K	$125K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004530	0.000%	$24.5M	$13.8M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004531	+0.022%	$17.8M	$19.0M	75x	as long as short
BingX PUMP-USDTlong	+0.0100%	4h	0.004530	long leg	—	$14.3M	—
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004530	−0.009%	$812K	$204K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004534	+0.088%	$67K	$3.2M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004527	−0.066%	$1.3M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004540	+0.221%	$153K	$742K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004532	+0.044%	$107K	$2.2M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004530	0.000%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004528	−0.050%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004529	−0.022%	$2K	$771K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004529	−0.022%	$256	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004522	−0.177%	$22K	$74K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004529	−0.022%	$1.9M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004531	+0.028%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004530	+0.007%	$3.8M	$3.7M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004527	−0.066%	$67K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0161%	1h	0.004532	+0.044%	$169.1M	$49.6M	10x	as long as short
Nado PUMP-PERP	+0.0169%	1h	0.004532	+0.055%	$1.7M	$2.1M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0192%	1h	0.004531	+0.022%	$69K	$116K	25x	as long as short
01 Exchange PUMPUSD	+0.0264%	1h	0.004535	+0.110%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0279%	1h	0.004543	+0.287%	$38K	$204K	12x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0304% / S −0.0274%	1h	0.004528	−0.044%	$65K	—	100x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004533	+0.066%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004528	−0.049%	$2	—	3x	as long as short
Phoenix PUMP	+0.0410%	1h	0.004532	+0.049%	$47K	$139K	10x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.0444%	1h	0.004531	+0.027%	$1.1M	$3.5M	50x
Coinbase International PUMP-PERP-INTX	+0.0536%	1h	0.004535	+0.110%	$732K	$6.0M	50x	as long as short
RISEx PUMP/USDC	+0.0784%	1h	0.004534	+0.088%	$538K	$1.1M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0898%	1h	0.004528	−0.039%	$501	$111K	10x	as long as short