PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.1236%/8h= +135.4% APRnext payment +$1.55 per $10,000 · paid last 24h +0.300%

Price spread now: Kraken Futures against Derive+0.153%7-day average — · you sell dearer than you buy

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

Long on Derive Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$37 a day on $10k at the current rate, and Kraken Futures is 0.153% dearer against Derive than usual: you sell high and buy low: +$15 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive PUMP-PERP	0.004470	0.0100	pay 0.0013% / 1h	57m 41s	$5K	$13K	6.7x
Short	Kraken Futures PF_PUMPUSD	0.004476	0.1336	get 0.0167% / 1h	57m 41s	$1.4M	$3.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Derive. 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 DerivebpFee Kraken FuturesbpOrdersPrice spread, now +0.153%Rate

Funding earned: $259.66
Price spread: +0.153% → 0.000%: $15.29
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $258.95
Costs to cover: 0.160%
Break-even: 0.0 days

Slippage unknown: Derive: no order-book sample; Kraken Futures: live order book, 1 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 Derive no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 1 min ago	5.59 bp	12.5 bp −$13	26.8 bp −$268	518.6 bp −$51.9K	doesn't fit

Derive: 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 41 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	0.004462	−0.163%	$20K	$9K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004470	+0.010%	$18K	$217K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0002% / S −0.0002%	1h	0.004469	−0.009%	$53K	—	150x	as long as short
Orderly PERP_PUMP_USDC	+0.0089%	4h	0.004470	+0.010%	$42K	$10K	10x	as long as short
Lighter PUMP	+0.0096%	1h	0.004461	−0.191%	$2.9M	$5.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004400	−1.556%	$27K	$779K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004457	−0.271%	$690K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004462	−0.169%	$519K	$722K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004461	−0.202%	$81.5M	$167.6M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004461	−0.191%	$24.2M	$98.0M	50x	as long as short

Show all 41 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Ondo Perps PUMP-USD.P	+0.0100%	1h	0.004466	−0.073%	$21K	$175K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004469	−0.012%	$41K	$66K	10x	as long as short
Gate PUMP_USDT	+0.0100%	4h	0.004453	−0.370%	$4.9M	$11.1M	75x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004464	−0.124%	$23.7M	$14.0M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004461	−0.191%	$17.6M	$19.7M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004456	−0.303%	—	$12.9M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004463	−0.140%	$794K	$186K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004486	+0.361%	$67K	$3.1M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004490	+0.448%	$1.2M	$10.6M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004487	+0.390%	$149K	$751K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004474	+0.100%	$102K	$2.1M	10x	as long as short
Derive PUMP-PERPlong	+0.0100%	1h	0.004470	long leg	$5K	$13K	6.7x
SunX PUMP-USDT	+0.0100%	4h	0.004469	−0.012%	$2K	$742K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004470	+0.010%	$280	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004463	−0.146%	$21K	$116K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004468	−0.035%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0101%	8h	0.004464	−0.121%	$42K	$276	5x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004467	−0.057%	$71K	$8K	3x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0198%	1h	0.004471	+0.032%	$71K	$124K	25x	as long as short
Hyperliquid PUMP	+0.0233%	1h	0.004464	−0.124%	$166.6M	$55.8M	10x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0234% / S −0.0086%	1h	0.004469	−0.012%	$60K	—	100x	as long as short
Phoenix PUMP	+0.0235%	1h	0.004489	+0.446%	$43K	$91K	10x	as long as short
Extended PUMP-USD	+0.0256%	1h	0.004454	−0.337%	$3.8M	$4.2M	50x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004469	−0.017%	$2	—	3x	as long as short
01 Exchange PUMPUSD	+0.0344%	1h	0.004476	+0.144%	$6K	$727	10x	as long as short
Nado PUMP-PERP	+0.0411%	1h	0.004472	+0.066%	$1.7M	$2.0M	10x	as long as short
Coinbase International PUMP-PERP-INTX	+0.0448%	1h	0.004474	+0.100%	$702K	$5.8M	50x	as long as short
RISEx PUMP/USDC	+0.0544%	1h	0.004475	+0.122%	$528K	$1.0M	10x	as long as short
Aftermath Perps PUMPUSD	+0.0867%	1h	0.004487	+0.399%	$593	$112K	10x	as long as short
Injective PUMP/USDC PERP	+0.0880%	1h	0.004489	+0.435%	$39K	$204K	12x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.1336%	1h	0.004476	+0.153%	$1.4M	$3.1M	50x