Funding arb · Price arb /

PUMP

all PUMP markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0372%/8h= −40.7% APRpaid last 24h −0.033%

Price spread now: KuCoin against Coinbase International−0.022%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$68as in the Funding arb table

Net, price: spread back to 7d avg − costs−$74as in the Price arb table

costs, in and out, $10k−$690.692% of the position

Long on Coinbase International Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.022%, 7d avg +0.025%

Together, before fees+0.100%+$10 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and KuCoin is 0.047% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.9% 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	Coinbase International PUMP-PERP-INTX	0.004450	0.0472	pay 0.0059% / 1h	20m 49s	$709K	$5.8M	50x
Short	KuCoin PUMPUSDTM	0.004449	0.0100	get 0.0050% / 4h	3h 20m	$23.9M	$13.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Coinbase International. 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 Coinbase InternationalbpFee KuCoinbpOrdersPrice spread, now −0.022%Rate

Funding earned: −$78.12
Price spread: −0.022% → +0.025%: −$4.71
Slippage, 4 orders: −$47.2
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$152.03
Costs to cover: 0.692%
Break-even: never at this rate

Slippage from Coinbase International: 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 Coinbase International live order book, 3 min ago	4.51 bp	13.5 bp −$13	19.6 bp −$196	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.13 bp	14.3 bp −$14	42.0 bp −$420	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	−0.2996%	1h	0.004445	−0.108%	$20K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004445	−0.112%	$18K	$241K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004448	−0.048%	$56K	—	150x	as long as short
Gate PUMP_USDT	+0.0032%	4h	0.004445	−0.112%	$4.9M	$10.5M	75x	as long as short
Lighter PUMP	+0.0096%	1h	0.004462	+0.270%	$2.9M	$4.8M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.124%	$30K	$668K	20x	as long as short
Nado PUMP-PERP	+0.0100%	1h	0.004444	−0.124%	$1.6M	$2.0M	10x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004447	−0.057%	$711K	$2.3M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004446	−0.090%	$494K	$824K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004451	+0.018%	$81.1M	$169.0M	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	0.004453	+0.067%	$24.3M	$96.4M	50x	as long as short
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004430	−0.461%	$31K	$187K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004449	−0.022%	$62K	$99K	10x	as long as short
KuCoin PUMPUSDTMshort	+0.0100%	4h	0.004449	−0.022%	$23.9M	$13.8M	50x
Bitget PUMPUSDT	+0.0100%	4h	0.004454	+0.090%	$17.5M	$19.5M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004449	−0.022%	—	$12.8M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004448	−0.045%	$793K	$206K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004433	−0.389%	$65K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004437	−0.302%	$1.2M	$10.3M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004433	−0.382%	$148K	$746K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004451	+0.022%	$106K	$2.1M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004450	0.000%	$42K	$11K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004448	−0.035%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004447	−0.067%	$2K	$754K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004449	−0.022%	$279	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004441	−0.202%	$21K	$101K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004447	−0.067%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0100%	8h	0.004448	−0.049%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004446	−0.090%	$66K	$13K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0200%	1h	0.004451	+0.022%	$71K	$122K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0270% / S −0.0198%	1h	0.004448	−0.045%	$53K	—	100x	as long as short
Extended PUMP-USD	+0.0280%	1h	0.004444	−0.128%	$3.9M	$4.2M	50x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004448	−0.045%	$3.7M	$4.5M	75x	as long as short
Phoenix PUMP	+0.0342%	1h	0.004447	−0.067%	$43K	$119K	10x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004448	−0.051%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0344%	1h	0.004450	0.000%	$6K	$600	10x	as long as short
Injective PUMP/USDC PERP	+0.0419%	1h	0.004442	−0.180%	$38K	$204K	12x	as long as short
Coinbase International PUMP-PERP-INTXlong	+0.0472%	1h	0.004450	long leg	$709K	$5.8M	50x
Hyperliquid PUMP	+0.0524%	1h	0.004459	+0.202%	$167.0M	$51.7M	10x	as long as short
RISEx PUMP/USDC	+0.0638%	1h	0.004450	0.000%	$529K	$1.0M	10x	as long as short
Kraken Futures PF_PUMPUSD	+0.0659%	1h	0.004451	+0.024%	$1.0M	$3.3M	50x	as long as short
Aftermath Perps PUMPUSD	+0.1013%	1h	0.004440	−0.219%	$316	$108K	10x	as long as short