PUMP

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC+0.0474%/8h= +51.9% APRnext payment +$0.59 per $10,000 · paid last 24h +0.409%

Price spread now: Kraken Futures against Injective−1.147%7-day average +0.118% · you buy dearer than you sell

Net, funding: paid 7d − costs+$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$245as in the Price arb table

costs, in and out, $10k−$1181.184% of the position

Long on Injective Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+1.536%+$154 on $10k

Price spread, last 4 days (all we have)+0.962%+$96 · spread now −1.147%, 7d avg +0.118%

Together, before fees+2.497%+$250 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 1.265% cheaper against Injective than usual: you would sell low and buy high (spread −1.147% now, against its 7-day average of +0.118%). If the spread goes back, that is −$127 on $10k: about 8.9 days of funding at the current rate (+$14 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective PUMP/USDC PERP	0.004582	0.0344	pay 0.0043% / 1h	27m 02s	$38K	$204K	12x
Short	Kraken Futures PF_PUMPUSD	0.004529	0.0818	get 0.0102% / 1h	27m 02s	$1.1M	$3.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Injective. 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 InjectivebpFee Kraken FuturesbpOrdersPrice spread, now −1.147%Rate

Funding earned: $99.52
Price spread: −1.147% → +0.118%: −$126.54
Slippage, 4 orders: −$108.35
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$145.38
Costs to cover: 1.184%
Break-even: 17.2 days

Slippage from Injective: live order book, 7 min ago; Kraken Futures: live order book, 2 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 Injective live order book, 7 min ago	21.01 bp	45.7 bp −$46	doesn't fit	doesn't fit	doesn't fit
Sell Kraken Futures live order book, 2 min ago	6.63 bp	23.0 bp −$23	38.9 bp −$389	226.9 bp −$22.7K	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
Gate PUMP_USDT	−0.0176%	4h	0.004527	−1.200%	$4.8M	$10.0M	75x	as long as short
dYdX PUMP-USD	−0.0033%	1h	0.004533	−1.065%	$21K	$11K	5x	as long as short
Perpl PUMP	0.0000%	43m	0.004532	−1.091%	$18K	$265K	20x	as long as short
gTrade (Gains Network) PUMP/USD	L +0.0003% / S −0.0002%	1h	0.004522	−1.300%	$55K	—	150x	as long as short
Lighter PUMP	+0.0096%	1h	0.004531	−1.113%	$2.9M	$4.4M	10x	as long as short
Popdex PUMPUSDT	+0.0096%	1h	0.004500	−1.790%	$35K	$674K	20x	as long as short
Aster PUMPUSDT	+0.0100%	4h	0.004531	−1.103%	$856K	$2.4M	50x	as long as short
Pacifica PUMP	+0.0100%	1h	0.004532	−1.091%	$521K	$892K	10x	as long as short
Binance PUMPUSDT	+0.0100%	4h	0.004533	−1.067%	$82.7M	$176.8M	75x	as long as short
OKX PUMP-USDT-SWAP	+0.0100%	4h	0.004532	−1.091%	$24.9M	$103.7M	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	0.004528	−1.181%	$27K	$152K	5x	as long as short
Arcus PUMP-USD	+0.0100%	1h	0.004531	−1.113%	$50K	$140K	10x	as long as short
KuCoin PUMPUSDTM	+0.0100%	4h	0.004535	−1.026%	$24.9M	$13.9M	50x	as long as short
Bitget PUMPUSDT	+0.0100%	4h	0.004536	−1.004%	$17.6M	$19.2M	75x	as long as short
BingX PUMP-USDT	+0.0100%	4h	0.004528	−1.179%	—	$14.5M	—	as long as short
Backpack PUMP_USDC_PERP	+0.0100%	1h	0.004528	−1.185%	$812K	$213K	5x	as long as short
edgeX PUMPUSDC	+0.0100%	4h	0.004505	−1.689%	$66K	$3.3M	20x	as long as short
GRVT PUMP_USDT_Perp	+0.0100%	4h	0.004505	−1.676%	$1.3M	$10.9M	10x	as long as short
ApeX Omni PUMPUSDT	+0.0100%	1h	0.004509	−1.593%	$160K	$747K	50x	as long as short
Polymarket Perps PUMP-USD	+0.0100%	1h	0.004532	−1.091%	$107K	$2.3M	10x	as long as short
Orderly PERP_PUMP_USDC	+0.0100%	4h	0.004527	−1.200%	$42K	$2K	10x	as long as short
Derive PUMP-PERP	+0.0100%	1h	0.004520	−1.352%	$5K	$13K	6.7x	as long as short
SunX PUMP-USDT	+0.0100%	4h	0.004526	−1.222%	$2K	$788K	20x	as long as short
SoDEX PUMP-USD	+0.0100%	1h	0.004529	−1.157%	$259	$7K	10x	as long as short
HTX PUMP-USDT	+0.0100%	4h	0.004531	−1.113%	$22K	$126K	20x	as long as short
Phemex PUMPUSDT	+0.0100%	4h	0.004530	−1.135%	$2.0M	$3.9M	20x	as long as short
Paradex PUMP-USD-PERP	+0.0102%	8h	0.004530	−1.126%	$43K	$276	5x	as long as short
Extended PUMP-USD	+0.0104%	1h	0.004537	−0.978%	$3.7M	$3.9M	50x	as long as short
Aevo PUMP-PERP	+0.0104%	1h	0.004527	−1.200%	$67K	$10K	3x	as long as short
Hyperliquid PUMP	+0.0121%	1h	0.004530	−1.135%	$168.7M	$51.6M	10x	as long as short
Deribit PUMP_USDC-PERPETUAL	+0.0192%	1h	0.004531	−1.113%	$69K	$116K	25x	as long as short
GMX PUMP/USD [WBTC.b-USDC]	L +0.0303% / S −0.0274%	1h	0.004529	−1.157%	$65K	—	100x	as long as short
01 Exchange PUMPUSD	+0.0320%	1h	0.004532	−1.091%	$6K	$600	10x	as long as short
Phoenix PUMP	+0.0332%	1h	0.004527	−1.196%	$44K	$146K	10x	as long as short
Nado PUMP-PERP	+0.0336%	1h	0.004529	−1.146%	$1.6M	$2.2M	10x	as long as short
BloFin PUMP-USDT	+0.0340%	4h	0.004532	−1.091%	$3.8M	$4.7M	75x	as long as short
Reya PUMPRUSDPERP	+0.0344%	1h	0.004531	−1.118%	$2	—	3x	as long as short
Injective PUMP/USDC PERPlong	+0.0344%	1h	0.004582	long leg	$38K	$204K	12x
Coinbase International PUMP-PERP-INTX	+0.0544%	1h	0.004534	−1.048%	$746K	$6.2M	50x	as long as short
RISEx PUMP/USDC	+0.0741%	1h	0.004522	−1.309%	$527K	$1.1M	10x	as long as short
Kraken Futures PF_PUMPUSDshort	+0.0818%	1h	0.004529	−1.147%	$1.1M	$3.6M	50x
Aftermath Perps PUMPUSD	+0.0971%	1h	0.004530	−1.129%	$501	$110K	10x	as long as short